Gartmore, the UK fund management group, has waded into a battle for control of Peter Webb's Eaglet micro-cap investment trust between a trio of hedge funds and the trust's current management, by agreeing a proposed takeover of Eaglet.
The hedge funds - QVT, Quintessence and Laxey Partners, alongside fellow shareholder Knox D'Arcy Investments - have been agitating for control of the £100m (€138m) fund.