Tim Callaghan, a partner at UK investment house Gartmore, has stepped down from managing three European equity funds after a run of poor performance.
Callaghan has given up management of the £30m (â¬37m) European Focus, £50m European Growth and â¬6m ($9.6m) Eurobloc funds, and is in consultation over his future with the firm. Stephen Jones, head of the European team at Gartmore, has taken over the funds on an interim basis.
