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Veteran manager Gervais Williams has resigned from Gartmore and will leave the firm at the end of September.
Former Axa Framlington CEO Robert Kyprianou has joined Gartmore as an independent non-executive director.
Neptune and Martin Currie are the latest asset managers to be linked with troubled group Gartmore, with rumours suggesting the pair have expressed an interest in acquiring a stake in the firm.
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Gartmore has suffered almost £2bn of net outflows so far in 2010 as the firm continues to struggle following suspension and subsequent resignation of star manager Guillaume Rambourg.
Rumours are escalating in the City that fund manager Gartmore could be ripe for a takeover approach, as its share price is more than £1 below its December 2009 flotation price.
Gartmore's share price has fallen sharply this morning following the sudden resignation of star manager Guillaume Rambourg last night.
Guillaume Rambourg, the European equity manager under FSA investigation, has resigned from Gartmore.
Ruli Viljoen, head of investment research at OBSR, a Morningstar company, looks at some of the Chinese equity funds the firm rates.
Paul Burgin looks at the different types of multi-manager funds available to investors
The sudden drop in Gartmore's share price following the announcement yesterday of fund manager Guillaume Rambourg's suspension has been illustrated in a dramatic 'cliff edge' graph.
Part-nationalised banks led declines on the FTSE in late Tuesday trading amid concerns about what the Government plans to do with its stakes in them after the General Election.
Gartmore has suspended high profile fund manager Guillaume Rambourg pending the outcome of an internal investigation in relation to trading breaches.
Advisers are shunning plain vanilla equity funds investing in the developed world this ISA season, in favour of emerging market, absolute return and cautious managed strategies.
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