{"id":5720,"date":"2007-02-26T00:00:00","date_gmt":"2007-02-26T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-queries-governance-at-gartmore-trust","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/02\/2007\/hedge-fund-queries-governance-at-gartmore-trust.html","title":{"rendered":"Hedge fund queries governance at Gartmore trust"},"content":{"rendered":"<p>  LONDON (Reuters) &#8211; Carrousel Capital, an activist hedge fund trying to shake up Gartmore European, a trust run by star manager Roger Guy, said it is concerned about &#8220;apparent conflicts of interest&#8221;  on the trust&#8217;s board.<\/p>\n<p>  Carrousel, which owns 28.03 percent of the 395 million-pound investment trust, said it was concerned the trust (GEO.L: <a href=  \"..\/stocks\/Quote.aspx?symbol=GEO.L&amp;WTmodLoc=InvArt-C1-ArticlePage1\">Quote<\/a>,&nbsp;<a href=\"..\/stocks\/CompanyProfile.aspx?ticker=GEO.L&amp;WTmodLoc=InvArt-C1-ArticlePage1\">Profile<\/a> ,  <a href=\"..\/stocks\/ResearchReports.aspx?ticker=GEO.L&amp;WTmodLoc=InvArt-C1-ArticlePage1\">Research<\/a>) had accepted a 202,000-pound payment from Gartmore Investment Management last year to pay for  a corporate review, after which the trust reappointed the fund firm as its manager.<\/p>\n<p>  The hedge fund, Gartmore&#8217;s largest shareholder, also said it was concerned the board hadn&#8217;t disclosed details of this review, which was carried out when Gartmore Investment Management&#8217;s future  ownership was uncertain, to all shareholders.<\/p>\n<p>  <img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/96165028\" border=\"0\"><br \/>  <a href=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/96165028\/newsarticle.aspx\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; Carrousel Capital, an activist hedge fund trying to shake up Gartmore European, a trust run by star manager Roger Guy, said it is concerned about &#8220;apparent conflicts of interest&#8221; on the trust&#8217;s board. Carrousel, which owns 28.03 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5720","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5720"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5720\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}