Neptune and Martin Currie eye large Gartmore stake - papers

clock

Neptune and Martin Currie are the latest asset managers to be linked with troubled group Gartmore, with rumours suggesting the pair have expressed an interest in acquiring a stake in the firm.

The Financial Times reports US private equity group Hellman & Friedman, which owns 24.3% of Gartmore, has been sounded out by potential buyers of its stake. Citing trader rumours, the paper says Neptune and Martin Currie are among the groups eying the holding. The latest developments come just weeks after Henderson was linked to the stricken fund manager. However, Henderson chief Andrew Formica reiterated the group's interests remain in the US and Asia. Gartmore is at the forefront of takeover rumours, as its share price languishes more than £1 below its December 2009 flotation pri...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers have opportunity to deepen private market engagement

Advisers have opportunity to deepen private market engagement

Most client allocations to private markets are either 5%-10% or 1%-5%

Isabel Baxter
clock 18 November 2024 • 2 min read
Royal London cuts number of governed range portfolios

Royal London cuts number of governed range portfolios

Renaming remaining portfolios to reflect level of investment risk

Jenna Brown
clock 18 November 2024 • 1 min read
AJ Bell cuts fees across multi-asset income range

AJ Bell cuts fees across multi-asset income range

£1.5bn of inflows this year

Beth Brearley
clock 14 November 2024 • 1 min read