Gartmore to buy Rensburg fund for Anderson

Gartmore plans to purchase the Rensburg Corporate Bond trust for incoming head of credit John Anders...

Gartmore plans to purchase the Rensburg Corporate Bond trust for incoming head of credit John Anderson. The move, which will see Gartmore launch a new corporate bond vehicle, will allow Anderson to continue the management of the Rensburg offering. Gartmore announced in February it will appoint Anderson to the head of credit role, with the manager expected to leave later in the year. Anderson will now move to Gartmore at the end of the proposed merger, which is subject to both FSA and unitholder approval, expected to be at the end of July. If approved, Rensburg will receive a deferre...