View more on these topics

Gartmore expands fixed income range

Gartmore will have two retail offerings in the Investment Management Association (IMA) Corporate Bond sector following its acquisition of the Rensburg Corporate Bond trust.

The £103m Rensburg vehicle will come over to the group as the Gartmore Corporate Bond fund, and the existing vehicle of the same name will be renamed the Gartmore Fixed Interest fund. It has £260m in assets and is managed by Simon Surtees.

John Anderson, formerly a corporate bond manager at Rensburg, will become the head of credit at Gartmore when he joins the group in July. He will take over a total of four fixed income offerings from Surtees, whose future with the company is uncertain.

Rensburg will focus solely on British equity investment, but will receive a percentage of management fees on the Corporate Bond fund for three years.

Recommended

FTSE breaks above 4,400

The FTSE 100 rose above the 4,400 barrier this morning ahead of the Bank of England’s announcement on interest rates at midday.

Chris Cummings

Aifa director general Chris Cummings is a great believer that you should study history to avoid making the same mistakes as your predecessors. In fact, he is even contemplating studying for a PhD in the philosophy of regulation and has written his thesis proposal.

Key themes for 2017

Capital Market Notes, December 2016 Dave Lafferty, chief market strategist at Natixis Global Asset Management, assesses the accuracy of his 2016 outlook and provides his thoughts and outlook for 2017. Click here to read the full article

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment