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Gartmore deal boosts Henderson’s hedge fund business

Series of scandals at Gartmore results in fund giant being taken over by smaller rival

City of London

Henderson Global Investors' acquisition of Gartmore Group creates a company with £78 billion in combined assets under management, of which over £6 billion will be in absolute return products.

Gartmore began searching for a buyer in November 2010 after its chief investment officer and two of its top portfolio managers quit the company earlier in the year, resulting in a sharp loss of assets under

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