Gartmore to deliver third-party funds



Gartmore is considering distributing third-party hedge funds due to five of its own nine single strategy funds already being closed to new investors.


A spokeswoman from Gartmore said the alternative fund division of the firm, headed by Martin Phipps, was considering distributing third-party products into areas such as Japan and other regions if there was sufficient demand. Gartmore already distributes its own hedge funds into Japan and Asia as well as Europe and the US.


She added Gartmore was see