Saturday, 30 August 2014
Last updated 1 day ago
Apr 11 2011 | 12:48pm ET
When former Gartmore Group star trader Guillaume Rambourg was cleared last month by British regulators over allegedly directing trades, his reuniting with former boss and top Gartmore manager Roger Guy became all but inevitable. And, indeed, the two men whose exits doomed Gartmore are joining forces once again to launch a hedge fund.
The two hope to launch the new fund later this year. Guy and Rambourg managed more than US$10 billion, more than one-third of Gartmore's total assets at the time. Many of those investors bolted when Guy announced his retirement in November, six months after Rambourg was suspended by the firm and four months after he quit to fight the Financial Services Authority investigation.
And many of those investors are poised to hand their money back to the team and their new hedge fund, published reports indicate.
"They both have excellent track records and it will be worth seeing how they go," one former investor told the Financial Times. "It would be interesting to see what they did if they came back."
Guy and Rambourg haven't yet chosen a home for their new firm; the finalists are London, where both were based at Gartmore, Paris and Geneva, Switzerland. The former's prospects are no doubt linked to Rambourg's winning approved person status from the FSA.
Gartmore, inundated with redemptions and further exits following Rambourg's suspension, eventually sold itself to Henderson Global Investors earlier this year.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...