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Gartmore prepares for &#39bidding frenzy&#39

Gartmore is preparing for a bidding frenzy after revealing its “best ever” performance last year.


Its figures show a return of 27 per cent on the company&#39s average segregated UK balanced pension fund compared with 19.5 per cent for the average manager for last year.


The returns revelations have come just before the sale of Gartmore kicks off and could offer a boost to its £550m price.


Gartmore chairman Paul Myners says: “We are confident Gartmore&#39s average segregated balanced pension fund has out-performed the average UK balanced pension fund by 600-plus basis points over the year.”



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