Gartmore postpones European Absolute Return launch

Gartmore has postponed the launch of its European Absolute Return fund, citing unprecedented market v...

Gartmore has postponed the launch of its European Absolute Return fund, citing unprecedented market volatility. The initial offer period was due to start on 13 October for a 31 October launch but no new date has been set. The group said recent changes within the regulatory environment were also a factor in the decision. The fund was going to be run by hedge fund specialists Roger Guy and Guillaume Rambourg, making use of their long/short experience. Head of UK retail Richard Pursglove said: “This is not a decision we have taken lightly - it has been made solely in the interest of our...