Former Gartmore Stars To Launch Hedge Fund

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.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note