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Gartmore hires fund managers for global hedge fund

Gartmore has recruited two new fund managers to run a hedge fund for its global fixed income team.

Varkki Chacko, formerly a managing director with Goldman Sachs and Mark Wauton, previously head of European fixed income at UBS Global Asset Management, will manage a global credit hedge fund to be launched over the next three months.

Gartmore head of fixed income Roger Bartley says: “It is a great achievement to have secured people of Varkki and Mark&#39s pedigree and their arrival offers clear evidence of our relentless commitment to our fixed income offering.”


Homeowners fear floods but fail to protect their property

Homeowners are concerned about the threat of flooding but many are confused about what steps to take to avoid their property being damaged, says Norwich Union.NU questioned 2,200 adults around the UK last month, including 1,200 residents in what are classified as high-risk flood areas, and found that one in five people knows someone who […]

&#39WP payouts set to fall for 20 years&#39

Maturity values of with-profits funds will con-tinue to plummet even if the stockmarket rises 7 per cent annually until 2020, according to F&C.It claims research reveals that a 25-year with-profits policy taken out in 1977 with a £50 monthly premium would have had a maturity value of around £75,000 at the end of last year.But […]

Inside Edge

Investing in a quality IFA firm is a means of securing long-term return for the overall group, not about buying short-term sales.Over the last 12 months we have seen a number of providers investing in IFAs. Critics have dismissed this trend as insurers rushing to “buy business” and secure guarantees of increased sales of their […]

Landlords maintain gearing levels in buy-to-let market

Buy-to-let lending remains at comfortable levels relative to property valuations, with less than 5 per cent of landlords having loans over 75 per cent of the value of their investment property portfolios, says Paragon Mortgages.The March issue of Paragon&#39s quarterly buy-to-let trends survey shows that the average loan to value is just 42.7 per cent, […]

Industry under fire over pension freedoms

By Jamie Clark, Business Development Manager, Royal London Recent articles in the media have raised concerns about the new pension freedoms. One perceived problem is that across the industry, trustees and providers are not necessarily allowing people to take full advantage of the pension freedoms in situ. This is backed up by a recent survey by […]


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