People Moves

Gartmore starts ‘strategic review’ as Guy quits


A bad year for Gartmore, the beleaguered London-listed asset manager, took a dramatic turn for the worse today ( 8 November 2010) as the firm announced the departure of its star fund manager Roger Guy and the start of a strategic review led by Goldman Sachs that is likely to lead to a sale or merger of the group.

Roger Guy from Gartmore

Guy, the manager of the firm’s large-cap European equities funds, has been the instigator and figurehead of Gartmore’s hedge fund business – which has been the chief engine of the group’s growth and