Some 15 of govett's onshore funds to be merged or renamed in £14m gartmore deal
Some 35,000 Govett investors will begin moving across to Gartmore this week after their mandates were acquired in a deal worth up to £14m. Gartmore last week bought around £1bn in assets from Govett's parent, Allied Irish Banks, including institutional and private client mandates. Out of Govett's 18 onshore funds, 15 will be merged into existing Gartmore funds, while US Opportunities, UK Equity Bear and US Bear funds will be rebranded as Gartmore vehicles. Gil Knight, who manages US Opportunities on an outsourced basis, will maintain control of the rebranded fund, as well as the Jersey-d...
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