{"id":13065,"date":"2009-11-20T10:13:02","date_gmt":"2009-11-20T14:13:02","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=13065"},"modified":"2009-11-20T10:13:02","modified_gmt":"2009-11-20T14:13:02","slug":"gartmore-prepares-december-ipo-to-reduce-borrowings","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2009\/gartmore-prepares-december-ipo-to-reduce-borrowings.html","title":{"rendered":"Gartmore Prepares December IPO to Reduce Borrowings"},"content":{"rendered":"<p>Bloomberg &#8211; Gartmore Group Ltd., the manager of about 21.8 billion pounds ($36 billion) in hedge and mutual funds, is preparing an initial public offering of at least 250 million pounds next month to reduce debt.<\/p>\n<p>The money manager plans to cut borrowings to about 150 million pounds from 400 million pounds, Chief Executive Officer Jeffrey Meyer told reporters on a conference call today. Hellman &amp; Friedman LLC, the private equity firm that acquired Gartmore for about 500 million pounds in 2006, may sell part of its 52 percent stake in the IPO, Meyer said.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601102&amp;sid=aoiQiJX4W3Bc\" target=\"_blank\"><strong>Read complete article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Gartmore Group Ltd., the manager of about 21.8 billion pounds ($36 billion) in hedge and mutual funds, is preparing an initial public offering of at least 250 million pounds next month to reduce debt. The money manager plans [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13065","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=13065"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13065\/revisions"}],"predecessor-version":[{"id":13066,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13065\/revisions\/13066"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=13065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=13065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=13065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}