Gartmore Hedge Fund Manager Williams Quits

Sep 2 2010 | 11:12am ET

Assets under management aren’t the only things fleeing Gartmore Group.

The London-based firm announced the exit of a second senior fund manager in as many months, with Gervais Williams following Guillaume Rambourg—and general counsel William McGowan—out the door. Williams, one of Gartmore’s longest-serving fund managers, will leave the firm later this month “to pursue other interests,” Gartmore said.

In addition to hedge funds, Williams managed Irish-listed and small-cap funds at Gartmore. Adam McConkey will succeed Williams at the firm’s U.K. Smaller Companies fund. McConkey and Rob Giles will take over the U.K. and Irish Smaller Companies fund.

In July, Guillaume Rambourg resigned from Gartmore just two months after he was reinstated after a suspension for violating company policy. Rambourg said he left the firm to focus his attention on fighting a Financial Services Authority probe.

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