ANALYST VIEWS: WHAT DOES THE FUTURE HOLD FOR GARTMORE NOW THAT ITS STAR PORTFOLIO MANAGER HAS LEFT?

KEITH BAIRD | ORIEL SECURITIES

In my view, Rambourg wasn’t Gartmore’s star trader – Roger Guy is the real star. With regard to the future, there is still scope for future outflows because of the whole debacle, though they are tapering off somewhat and that’s a good sign.

PETER HOWARD | EDISON INVESTMENT RESEARCH

It is very difficult to quantify the future impact of the affair on the company. Gartmore itself will not incur a penalty, but clear indications of a recovery in investor sentiment are needed before the group can play to its strengths and show consistent growth in assets under management.

BRUCE HAMILTON | MORGAN STANLEY

There are some signs that asset outflows are stabilising, which is encouraging. I think investors are looking for more positivity, more convincing that growth is coming back to the business. But for us, that’s probably more likely to be a 2011 event.