Hedge Funds

Stellar AlphaGen rebound drives Gartmore flotation


A strong bounceback by its AlphaGen range of long/short equity funds this year is one of the key factors underpinning the swift and opportunistic IPO of Gartmore Investment Management on the London Stock Exchange.

Having experienced heavy redemptions in late 2008 and early this year, in line with most of the major players in the hedge fund industry, Gartmore has seen net inflows into its AlphaGen range of alternative investment funds of over $1 billion since July alone.

Several of its long/short European equity strategies have been among the star performers in their peer group this year, with almost