View more on these topics

Gervais Williams quits Gartmore

Gervais Williams, head of UK smaller companies at Gartmore, has left the firm, to be replaced by Adam McConkey.

Williams ran the Gartmore fledgling, growth opportunities and Irish growth investment trusts, as well as the Gartmore UK & Irish smaller companies Oeic.

However, according to Trustnet he has underperformed the peer group on a composite basis over one, three, five and 10 years.

Hargreaves Lansdown recently recommended investors sell out of the UK & Irish smaller companies fund due to a recent deterioration in its returns, partly because it has tended to sell shares in smaller businesses when they
reach medium size.

Chelsea Financial Services managing director Darius McDermott says: “Whereas Gartmore has had a particularly unfortunate run of news lately, on this occasion I do not think this was a big disappointment as the Smaller Companies fund has been a consistent underperformer over one, three and five years.”

Meanwhile, Gartmore has hired a former New Star general counsel to replace Bill McGowan, who is leaving the firm.

As general counsel, Jonathan Bloom will oversee the company’s legal and secretarial functions after the departure of current general counsel McGowan, who is departing to pursue undisclosed opportunities.

Bloom will join as the firm seeks to wrap up legal investigations into the conduct of Guillaume Rambourg, a key Gartmore shareholder and manager on its European team who has since resigned from the company.


LTVs could be capped to cut risk

Bank of England deputy governor Charles Bean has hinted that regulators may be considering caps on loan to value as part of a range of measures to tackle risky lending. Speaking at the Federal Reserve Bank of Kansas City annual conference in Wyoming last Saturday, Bean said “direct constraints” on lending are one of a […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm