Gartmore, the UK asset manager, is looking to take advantage of the so-called "Volcker Rule" by hiring proprietary traders from banks to boost its hedge fund activities, as it seeks to move on from the resignation of star fund manager Guillaume Rambourg.

Jeff Meyer, Gartmore chief executive, told Financial News in an interview that he plans to add more hedge fund managers to the firm's ranks, further reducing its reliance on a few key traders.