Thames River Slashes Gartmore Investment

Apr 16 2010 | 12:20pm ET

Most investors may be sticking by Gartmore Group in the wake of the suspension of one of its top managers, but at least one is taking a big step back.

Thames River Capital’s Absolute Return Fund has halved its investment in one of the Gartmore funds co-managed by Guillaume Rambourg, who was suspended last month for allegedly directing trades to favored brokers, which violates Gartmore’s internal rules. Thames River seeded the hedge funds managed by Rambourg and Gartmore’s top hedge fund manager, Roger Guy, in the late 1990s.

The Thames River fund’s manager, Ken Kinsey-Quick, told Reuters that he is concerned about the effect of Rambourg’s suspension. The unidentified Gartmore fund now accounts for 1.5% of the £61 million Absolute Return fund, down from 3%.

Kinsey-Quick did say that Rambourg’s absence could spur even better things from Guy, and said he would consider re-upping his allocation to Gartmore in the future.

“The golden goose is on the funds,” Kinsey-Quick told Reuters. “He will be more focused on it.”


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Publisher's Note