Gartmore plans retail fund of hedge fund for early 2003

Gartmore is planning to launch its first retail fund of hedge funds next year, following the introduction of an institutional version last month.

The plans come on the back of Gartmore's 100% acquisition of Riverview International Group, a specialist fund of hedge funds business based in New Jersey in the US.

Gartmore aims to be a leader in the fund of hedge funds field, according to Stephen Attenborough, head of European institutional sales at Gartmore.

He believes that the hedge fund industry is

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