Hambi falls victim to tougher times

The economic reality of the current environment has come into sharper focus over recent weeks, with ...

The economic reality of the current environment has come into sharper focus over recent weeks, with Gartmore's Bambos Hambi and Unicorn's Peter Walls both losing their jobs. After an extremely difficult period for Unicorn, Walls' departure, as part of a wider restructuring, is perhaps easier to understand.    Performance on his Mastertrust fund of investment trusts is strong but the vehicle only has around £11m in assets. With Unicorn losing its Eaglet and Falcon mandates over the past year and facing a possible merger, job cuts are hardly a surprise. Meanwhile, the departure of a m...