Gartmore delays Euro Absolute Return fund launch

Originally set to launch on 31 October, Gartmore cited unprecedented levels of market volatility and changes to the regulatory environment as the reasons for the delay. The new vehicle, to be run by Roger Guy and Guillaume Rambourg, is planned to be soft-closed at £200m. “This is not a decision we have taken lightly - it has been made solely in the interest of our investors,” Gartmore UK retail head Richard Pursglove says. “With significant changes taking place in both the markets and the regulatory environment, we have decided it would be imprudent to launch a new fund at this particula...