Short selling was, perhaps surprisingly, most notable by its absence as shares in hedge fund manager Gartmore slid 31% mid-week.
Roger Guy has hit out at the company's "excessive" internal compliance rules which he blames for the suspension of his management partner Guillaume Rambourg this week.
Gartmore has suspended high profile fund manager Guillaume Rambourg pending the outcome of an internal investigation in relation to trading breaches.
Roger Guy and Guillaume Rambourg have cut their Gartmore European Absolute Return fund's net market exposure from 32% to 18% this year in response to Greece's debt crisis.
Gartmore's Roger Guy and Guillaume Rambourg have delivered returns of more than 10% since launching the European Absolute Return fund a year ago.
Gartmore's Roger Guy and Guillaume Rambourg are positive on the medium term outlook for European equities, identifying cyclicals as one of the key beneficiaries of any rise in markets.
Gartmore has poached John Bennett's three-strong European investment team from GAM to assist the manager when he joins the group in January.
Gartmore has confirmed details of its first fund launch in five years, a European Absolute Return veh...
Gartmore is testing market appetite for a European Absolute Return vehicle for Roger Guy, taking adva...
Inflation is one of the biggest headwinds facing eurozone companies in the coming months according to...