The board of the £54m Gartmore Growth Opportunities trust has served ‘protective’ notice of termination of its management agreement with Gartmore, following the resignation of Gervais Williams.
Its decision starts the 12-month notice period it has to give Gartmore in order to end the contract. The board says it has taken the action in order to reduce the potential costs if it decides not to...
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Stake worth around £32m