Gartmore Adds Two for Hedge Fund

LONDON (HedgeWorld.com)–Gartmore Investment Management plc hired two experienced executives to manage a planned fixed-income hedge fund.

Gartmore hired Varkki Chacko, formerly a managing director for Goldman Sachs, and Mark Wauton, formerly a managing director and head of European fixed income for UBS Global Asset Management, according to Gartmore. The new hedge fund will be a global credit hedge fund.

Gartmore recently announced it was revamping its business with a stronger focus on hedge funds, resulting in the shuffling of responsibilities and the departure of Peter Chamber, who was chief investment officerPrevious.