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Gartmore sees capital inflows returning to its UCITS fund

July 11, 2010 at 11:25 am

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Having been hithard following the suspension of Guillaume Rambourg in March, with client redemptions nearing 1 billion pounds, GartmPARA_BREAK_SENTINEL_9f8e7d6c

Having been hithard following the suspension of Guillaume Rambourg in March, with client redemptions nearing 1 billion pounds, Gartmore is now seeing positive inflows returning to its Ucits fund. Although declining to comment further to Hedgeweek, head of global alternatives Paul Graham was quoted by Reuters this week as saying “We did see outflows (from the Ucits fund) for a couple of weeks after Guillaume Rambourg's suspension ... but we are now seeing inflows." Roger Guy is managing the fund.