Gartmore: Fish or Fowl?
Jul 6th, 2008 | Filed under: Institutional Investing
In January, we noted that mega money manager BlackRock had recently reported growth in alternative investments and money-market funds, despite a relatively stagnant traditional active long-only business. We suggested that this was an example of what McKinsey has called a “vise-like squeeze” for traditional long-only managers.
As this recent FT piece illustrates, Gartmore, the UK-based traditional money manager, is also responding to the squeeze by slowly becoming a hedge fund firm as it faced pressures that lopped off half its assets earlier in the decade (FT chart, below).
Reports the FT:
To continue reading this article please login (at the right) or click here to learn more about accessing our archives.
…and what does this “overarching risk framework” look like?