Gartmore postpones launch of absolute return fund

  • Story by: Jim Robinson
  • Magazine: InvestmentAdviser
  • Published Friday , October 10, 2008

Gartmore has postponed the launch of its European Absolute Return fund.

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The fund's initial offer period was due to start 13 October, with the launch planned for 31 October.

It was to be managed by Roger Guy and Guillaume Rambourg.

Richard Pursglove, head of UK retail at Gartmore, said: "This is not a decision we have taken lightly - it has been made solely in the interest of our investors.

"With significant changes taking place in both the markets and the regulatory environment, we have decided it would be imprudent to launch a new fund at this particular time."

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