Suspended Gartmore Manager To Return

Apr 28 2010 | 1:30pm ET

Gartmore Group has reinstated suspended hedge fund Guillaume Rambourg, despite finding that he violated firm rules.

Rambourg, who was suspended on March 30 on suspicion that he directed trades to favored brokers, will “initially” serve as an analyst upon his return. He is still restricted from trading or handling customer funds until the Financial Services Authority signs off on Gartmore’s probe.

That could take “a few months,” Gartmore CEO Jeff Meyer told investors on a conference call today. But he added, “It’s important to get him back into the funds. Clients and investors will benefit from his continued participation.”

Meyer said that Gartmore’s investigation found that Rambourg did, in fact, violate the firm’s internal rules. But he said Rambourg’s actions did not cause clients to lose any money, and that there was “no suggestion of dishonesty.”

Rambourg and Roger Guy manage some 37% of Gartmore’s total assets.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.