Word on the Street: Gartmore's future

Everyone's talking these days about the potential sale of Gartmore by its parent group, Nationwide. ...

Everyone’s talking these days about the potential sale of Gartmore by its parent group, Nationwide. While the group announced in the autumn that it was undergoing a strategic review of its business, it has only been in recent weeks that talk in the industry has been ramped up. These days it’s hard to have a conversation that doesn’t involve speculation as to who would or could potentially buy the UK retail house. Names in the frame apparently include New Star’s John Duffield, who is expected to be looking at Gartmore’s retail funds, while Aberdeen, having just completed its purchase of DWS,...