Gartmore faces a fresh challenge

Gartmore's new owners promise more of the same from the fund manager albeit with a focus, discipline...

Gartmore's new owners promise more of the same from the fund manager albeit with a focus, discipline and energy that are sharper than in the past. We wish them all the best because, from a retail perspective, Gartmore is an organisation that is good in parts rather than the whole way through. Last week, when private equity firm Hellman & Friedman led the buyout of Gartmore from Nationwide Mutual, it stressed that developing the retail, institutional and alternative investment businesses was the way ahead. When it comes to the retail market, there are plenty of positives for Gartmore. No...