Gartmore saw outflows of £1.2bn in the three months prior to the completion of its takeover by Henderson, the new owner revealed today.
Sebastian Lyon has warned volatility will increase on his £894m Trojan fund as higher inflation and falling wages impact the markets.
There will be a surge of M&A activity in the US this year as the economic recovery gathers pace, says PSigma's James Abate.
The deal will obviously significantly enhance Henderson's presence in the retail fund market, but crucially it will remove the uncertainty surrounding Gartmore's future.
The deal announced today is a neat swerve by Henderson to pick up Gartmore on a two for three shares basis, which allows everyone involved to walk away with a semblance of dignity and begins to draw a line under a tricky period, to say the least.