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Gartmore’s Euro specialist expected to sign new deal

Gartmore European manager Roger Guy is expected to end speculation over his future this week by signing a new contract with the fund firm.

Rumours were rife in the summer that Schroders was trying to lure Guy. However, the opportunity for Guy to move to Schroders appears to have closed after it recruited Leon Howard-Spink from Jupiter and Gary Clarke from Gartmore.

Guy has been at Gartmore for 12 years and runs its 1.6bn European select opportunities fund, along with Guillaume Rambourg, and its 268m European investment trust.

He is regarded as one of the better European managers, alongside Fidelity’s Tim McCarron and Artemis’s Philip Wolstencroft, although the select opportunities fund is up by 59 per cent over three years against a sector average of 62 per cent.

Gartmore head of communications Vee Montebello says: “Roger will be signing a contract in the next couple of days committing to Gartmore for the forseeable future. He has been at Gartmore for 12 years and is not going anywhere.”

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