The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Is Hondros Packing? Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 08, 2006

Is Hondros Packing?

by: Sean Hanna, Editor in Chief

Paul Hondros may be about to depart from Nationwide's Gartmore Group. According to a published report, Hondros will leave the firm because of a growing difference of opinion between himself and executives at Nationwide. However, a spokesperson for the insurer told InvestmentNews, which published the story, that he is not aware of any executive changes afoot at Nationwide.

The insurer's spokersperson said that it is company policy to not comment on rumors.

Hondros, famous for his tough image as an ex-Philadelphia cop and leader of Fidelity's fund arm, was tapped by the insurer to create the fund management unit nearly a decade ago. More recently, though, Nationwide sold the European arm of Gartmore to San Francisco-based Hellman & Friedman Advisors LLC and is rumored to be disappointed in the U.S. manager's results.

The sale unloaded nearly half of the firm's assets, leaving Hondros in charge of a slimmed down unit with $46 billion in assets under management.

But that was two months ago, and at least one person who knows Mr. Hondros said he thinks that he will leave Gartmore, possibly to start his own firm.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use