http://www.citywire.co.uk/global/gartmore-chief-admits-firm-is-vulnerable-to-takeover/a422557?ref=citywire-global-latest-news-list


With all that's been going on writing is on the wall in this regard imv.

Interesting to see FCAM surging 23% on the back of a initial sizeable 5% investment by Sherbourne Investments(Guernsey) today as well. Frankly any underperforming FM is ripe for takeover - there are far too many of them,many charging relatively expensive management fees etc. The above, and FCAm news is, imo, the start of a wave of consolidation.

I'll miss the high Fcam divi though should they succumb :)

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