WEST PALM BEACH, FL (www.hedgeco.net) – Gartmore management said it has just celebrated its 6th year anniversary of the founding of its hedge fund vehicles as assets continue to grow from one year toanother. According to Gartmore, its hedge fund managed portfolios now oversees over $6.3 billion in total investor assets.<\/p>\n
The firm\u00c3\u00af\u00c2\u00bf\u00c2\u00bds single-manager hedge funds now includes a total of 19 hedge funds, which uses an assortment of hedge fund strategies including long\/short equity, region- and sector-specific, credit and currency, and directional and neutral, trading the European, U.S. and Asia Pacific markets.<\/p>\n
Paul Hondros, CEO of Gartmore.said, “We are extremely proud to have reached the dual milestones of the sixth anniversary of the business and more than $6 billion of hedge fund assets under management.\u00c3\u00af\u00c2\u00bf\u00c2\u00bd Hondros added, “This effort has not been an overnight success. Gartmore began moving hedge funds into the investment mainstream in 1999, and we are grateful for the support from all our investors, partners and Gartmore associates around the world, which has allowed us to develop a pre-eminent, institutional-quality hedge fund business.\u00c3\u00af\u00c2\u00bf\u00c2\u00bd<\/p>\n
Gartmore’s hedge fund portfolios, branded AlphaGen products are one of the largest alternative investment portfolios managed out of a “traditional” mutual fund firm. Gartmore is also one of the largest overall European hedge fund managers, according to published reports.<\/p>\n
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net<\/p>\n
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