London-based international asset manager, Gartmore Investment Management plc has announced that it intends to increase its hedge funds business by expanding into different strategies.
Earlier this month, the firm announced that it had passed the milestone of $3 billion in assets under management for its hedge fund business. However, it is now aiming for the $5 billion threshold.
Reports in the UK media this week have suggested that the asset manager is looking to move away from long/short hedge funds and towards macro and convertible strategies, a move which Gartmore's head of hedge funds, Martin Phipps is confident will boost the unit sufficiently to break the $5 billion mark.
'There is the potential to exceed that level is all the products that we launch perform well and generate capital quickly,' he announced.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment