Gartmore Adds Threadneedle Exec. To Guy Funds

Apr 30 2010 | 12:01pm ET

Over the past month, Gartmore Group has learned how dangerous it can be to rely solely on two star hedge fund managers. So the firm is adding to its stable in the wake of the suspension of one of them.

Gartmore has hired Darrell O’Dea to co-manage the hedge funds helmed by Roger Guy. Guy’s co-manager, Guillaume Rambourg, was suspended from the firm last month for allegedly directing trades to favored brokers. The move angered Guy, sent Gartmore’s stock price tumbling and led to some investor redemptions and much investor grumbling.

Rambourg has since been reinstated, but only as an analyst, pending the U.K. Financial Services Authority’s approval of Gartmore’s probe of Rambourg. Rambourg was found to have violated company rules, but is still in line to resume his portfolio management duties.

O’Dea joins Gartmore from Threadneedle Asset Management.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...