Acquisition Resources

Gartmore is more likely to sell itself than float on the stock market. Following a review by Morgan Stanley, Gartmore will probably choose to sell, as this appears more attractive, and has decided against floating. Trade buyers interested in the London fund-management business are thought likely to include Lehman Brothers, Schroders and BNP Paribas. Beazley is at the helm of Gartmore's USD 6.5bn global hedge fund division.