WSJ – Gartmore Group Ltd. on Tuesday reported a 15% decline in assets under management as investors pulled cash and fund performance sank in the May and June stock sell-off.
The U.K. fund manager, which made headlines this spring when it suspended one of its top portfolio managers, Guillaume Rambourg, said assets under management slipped to £19.9 billion ($31.15 billion) as of June 30, from £23.5 billion at the end of March and £22.2 billion at the end of 2009.
