GERMANY - Gartmore Investment Management has been awarded a E125m European large-cap equities mandate from utilities giant E.ON Energie.
The portfolio will be managed by Stephen Jones, Gartmore’s head of European equities.
Last year Munich-based energy giant E.ON Energie also hired JPMorgan Investor Services as its global custodian. JPMorgan provides securities lending, mutual fund accounting and reporting duties for all investment categories.
The E.ON Energie mandate comes hot on the heels of other recent signings, including a e150m small-cap European equities mandate from AHV, the Swiss Social Security Fund, and a e100m currency overlay mandate win from a large pan-European pension fund.
Gartmore has seen its assets dwindle recently as part of the widespread shift towards to specialist strategies.
Frances Davies, head of global institutional at Gartmore, said: These mandate wins are testament to our stated objective to develop across a range of global institutional markets and is proof positive that Gartmore is firmly back in contention within the Institutional marketplace.
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