Gartmore to push into retail hedge fund market
Wednesday, April 29, 2009 : PermalinkReuters – Fund manager Gartmore is preparing a major push into the UK retail hedge fund market after picking up strong demand for its first products in the sector, a senior executive said.
The plan comes after a rough year for hedge funds worldwide, and following steep outflows from Gartmore’s own institutional funds, but advisory Board member Phil Wagstaff is convinced demand from retail investors is on the rise.
"The hedge fund world and the UK retail world will collide – we see this as a core area for us going forward and we see this as a growth area for the industry," Wagstaff, who is also head of global distribution at the firm, told Reuters.
Tags: advisory board member, core area, gartmore, global-distribution, institutional funds, retail investors, retail world, reuters, wagstaff
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