Monday, 22 September 2014
Last updated 16 min ago
Apr 29 2010 | 12:17pm ET
On the same day that its most prominent compliance case came to a close comes news that Gartmore Group has lost its head of compliance.
Gerry Harvey left the firm three weeks ago, CFO Keith Starling revealed on the conference call announcing the reinstatement of Guillaume Rambourg. Rambourg, one of Gartmore’s top hedge fund managers, had been suspended last month for allegedly directing trades to favored brokers.
Harvey’s exit has nothing to do with the Rambourg situation, Starling said.
“We did have a new compliance person who joined us here for two months before deciding to resign,” CEO Jeffrey Meyer added. “People do not really give reasons why they are resigning; they just hand you a letter. But we did not push him out by any means.”
Gartmore’s internal rules were blasted by Rambourg’s co-manager, and Gartmore’s top hedge fund manager, Roger Guy, after Rambourg’s suspension.
David Young has taken over Harvey’s responsibilities on an interim basis.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.