Gartmore, the fund manager with $77bn (€65bn) in assets, has won new UK equity mandates worth £120m (€180m), with almost half coming from retailer Argos, taking net wins for its high alpha team to £380m since launch.

Argos said it had retained Gartmore's high alpha team, which runs aggressive portfolios that aim for outperformance of the index, to run £57m in UK equities. Previously Argos used to Gartmore to run a balanced portfolio, investing in both bonds and equities.

Gartmore wins on UK equities and hedge funds

Alistair Graham

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Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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Tricks of the trade gain new importance as 401(k) accounts open up to alternative investments.

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The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

Trump Calls on Goldman to Replace Economist Over Tariff Stance

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A 23-year-old former OpenAI researcher quickly amassed more than $1.5 billion for a firm he called a “brain trust on AI.” 

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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White House Preps Order to Punish Banks That Discriminate Against Conservatives

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The largest U.S. crypto exchange’s revenue fell short of Wall Street expectations.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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