RUMSON, N.J. (HedgeWorld.com)–Hedge funds of funds specialist Gartmore Riverview LLC has expanded its operations with new appointments on both sides of the Atlantic.
John Gallagher recently joined the firm’s New Jersey office as managing director of product development, coming over from Deutsche Bank’s hedge fund group. At roughly the same time, Stephen Attenborough was appointed as head of European sales for Gartmore Riverview. Mr. Attenborough, who previously was global head of institutional sales at Gartmore, will continue to work out of the group’s London offices but with a new emphasis on multi-manager portfolios.
Since 1999, London-based Gartmore has run seven single-manager strategies. Assets under management in Gartmore’s AlphaGen family of funds is roughly US$2 billion But the acquisition of Riverview International Group Inc. earlier this year, represented Gartmore’s first foray into hedge funds of funds, an arena that has increasingly been attracting institutional assets.
At the time of the acquisition, Riverview oversaw client assets of US$350 million, according to Gartmore. The funds of funds group runs the Riverview Multi-Series Fund with different sub-strategies broadly broken down between market neutral and active absolute return. The group also specializes in putting together customized portfolios tailored to the specific needs of institutional investors.
Gartmore Riverview’s principals are Brian Denny, Derry Guy, Peter Todd, and Steven Turi.