Expanding choice of bond funds

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Gartmore Investment Management is to launch up to eight hedge funds this year, one of which will be a European credit hedge fund. Christophe Tamet, who joined Gartmore from Fortis Investment Management in late 2004, will run the new fund. Hedge funds currently account for $5.5 billion of Gartmore’s $77 billion of total assets under management. Gartmore chief executive Paul Hondros is looking to add at least $10 billion in new hedge fund assets.

Fidelity Investments is planning to launch a st

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