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.