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Gartmore launches credit hedge fund.
- Article from:
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Financial News
- Article date:
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July 29, 2003
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Copyright informationCOPYRIGHT 2003 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Anuj Gangahar
Gartmore, the asset management house, is launching its 10th hedge fund with around $50m ([euro]43.5m), breaking the $3bn mark in hedge fund assets under management.The credit hedge fund, to be managed by Mark Wauton and Varkki Chacko, will seek further capital next month. Chacko and Wauton joined Gartmore in March from Goldman Sachs and UBS Asset Management respectively.
Gartmore is investing considerable resources in the fund, which is served by 17 dedicated global credit analysts, including a two-man credit research team in the US.
An 11-strong team responsible for fundamental and quantitative research is based in India.
Martin ...