Jupiter Fund Management hovering as Gartmore’s share price dips

July 23rd, 2010
| More
After Gartmore Investment Management lost its star trader Guillaume Rambourg as a casualty of a Financial Services Authority investigation, the fund manager’s share price fell, which has sparked the interest of fund manager Jupiter Fund Management. Led by chief executive Edward Bonham Carter, Jupiter, which would benefit from the boost it would receive with the acquisition of Gartmore’s hedge fund offerings, could be weighing the benefits of a strategic takeover, according to Financial News.

However, both Jupiter and Gartmore have significant debt, which could block an acquisition, and some analysts say that the funds would benefit more from overseas expansion rather than remaining in the United Kingdom. Jupiter’s decision to purchase Gartmore would have to come suddenly - but right now, the manager’s low share price could be attractive.
For Detailed Investor Profiles on these Investors, click below:
Gartmore Investment Management
Related People: Ben Wallace; Dominic Rossi; Guillaume Rambourg*; Jeff Meyer; John Bennett; Luke Newman; Roger Guy
Related Entities: Gartmore AlphaGen Avior Fund; Gartmore AlphaGen Capella Fund; Gartmore AlphaGen Crucis Fund; Gartmore AlphaGen Rhocas Fund; Gartmore AlphaGen Velas Fund; Hellman & Friedman LLC
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions

More Recent Headlines

Peter Grosskopf joins Sprott Inc, Eric Sprott steps down from CEO role

Armajaro's Anthony Ward corners the Cocoa Market

Hedge Fund Survey Report Indicates Increased Optimism

LTCM veteran becomes partner at Capula Investment Management

Big changes at Gartmore: Guillaume Rambourg quits, GAM veteran John Bennett launches new hedge fund

Tim Flannery leads Copia Capital’s spin-off from FrontPoint Partners

What does recent academic research say about activist investing?

Implied Capital Announces Options Fund Launch

Distressed debt hedge funds optimistic about economic slowdown

The Frontier Markets are Beckoning