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Gartmore appoints John Anderson to fixed income team

Gartmore has appointed John Anderson to its fixed income team as head of credit.

Anderson will join the firm later this year to assume management of Gartmore’s corporate bond, institutional corporate bond, high yield corporate bond, and Sicav sterling corporate bond funds.

He joins from Rensburg Fund Management where he managed the corporate bond trust for nine years.

Gartmore chief investment officer Dominic Rossi says: “John is a skilled and highly respected fund manager whose experience has enabled him to outperform in periods of extreme volatility. His appointment will play a key role in further developing our fixed income capability – we look forward to welcoming him to Gartmore.”


£48Bn plunge for fund firms

Leading fund firms lost around £48bn of assets in 2008, with Fidelity International seeing £8bn wiped out, research from Money Marketing has revealed.

Demand switches from rates to supply

Last October, the clamour for the Bank of England to reduce bank rate and get some liquidity back into the economy was deafening. With the economy sliding rapidly into recession and the mortgage market at its lowest level for many years many organisation were calling for the Bank of England to take some action. The 1.5 per cent reduction in November was warmly received as a dramatic but justified response to the situation.


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