Gartmore has completed the construction of its Portfolio Balanced Strategy fund, and will launch th...
Gartmore has completed the construction of its Portfolio Balanced Strategy fund, and will launch three further funds of funds (Fofs) in the second quarter of 2004. Among these will be a growth and a cautious Fof. The existing £360m vehicle, which is in the Balanced Managed sector, has converted from buying only in-house funds to those run by third parties. Bambos Hambi and team have spent the past few months altering the portfolio. He said they are now starting to market to intermediaries and have so far raised £1.5m. Of the forthcoming launches, Hambi said the group was still deciding ...
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