By ADRIAN LOWCOCK 23/11/2009
Gartmore, the fund management group, is to seek a stock market listing before Christmas.
The listing follows a management buyout in 2006 and should strengthen the group’s capital structure, reducing its debt. Key employees, including fund managers such as Roger Guy and Ben Wallace, have lock-ins in place until 2013, which means that if they leave before then they will lose their share benefits.
At the moment, it is too early to say whether investors will be affected by the flotation and we currently retain our ratings on the following funds:
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