Roger Guy

Neptune founder Robin Geffen and former Gartmore star Roger Guy are among the highest profile new fund management names in the latest UK wealth rankings.

Gartmore CEO Jeffrey Meyer says the group's downfall over the past 12 months has "exceeded all nightmares" and believes getting out of the public markets could be best for the firm.

Skandia Investment Group has cut a €38m mandate run by Roger Guy in its European Best Ideas fund, with the firm taking swift action following the Gartmore manager's decision to retire.

FLIGHT FROM GARTMORE 'INEVITABLE'

So Roger Guy is ‘retiring' from day-to-day fund management and CIO Dominic Rossi is off, barely five minutes after it seems he started.

Gartmore shares have dived more than 22% in morning trading following Roger Guy's decision to retire from fund management.

Gartmore veteran Roger Guy has announced he will retire from day-to-day fund management.

Henderson's Stephen Peak, one of the largest shareholders in Gartmore, believes investors who have continued to flee the troubled asset manager will be proved wrong over the long-term.

OBSR has deferred its ‘A' rating on the Gartmore European Absolute Return and its Sicav equivalent following the suspension of manager Guillaume Rambourg.

Gartmore is under investigation by the US Securities and Exchange Commission but has insisted the probe does not concern its European stars Roger Guy and Guillaume Rambourg, The Telegraph reports.