Alt Investments

Gartmore Gears Up To Push UK Hedge Funds

Nick Parmee 30 April 2009

Gartmore Gears Up To Push UK Hedge Funds

UK-headquartered fund manager Gartmore has confirmed to WealthBriefing that it is getting ready for a big drive into the UK retail hedge fund market, having seen strong demand for its first products in that sector.

Board member and head of global distribution Phil Wagstaff is sure that demand from retail investors is increasing, despite a tough twelve months for hedge funds globally and large outflows from Gartmore's own institutional funds.

Mr Wagstaff said: "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."

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