Rambourg—Sans Guy—Plans US$1B Hedge Fund

Oct 5 2011 | 1:55pm ET

Former Gartmore Group star Guillaume Rambourg is set to launch at US$1 billion hedge fund—but without his longtime partner, Roger Guy.

Rambourg's Paris-based Verrazzano Capital has already hired 15 employees and has applied to France's Autorité des Marchés Financiers for a license. It's not expected to have any problems on that front, despite Rambourg's suspension from Gartmore last year and the loss of his trading license in London: The Autorité has been eagerly encouraging Rambourg, a French-Canadian, to set up shop in Paris. Rambourg had been considering Geneva, Switzerland, and London as possible bases.

Verrazzano will feature former Goldman Sachs trader Karim Moussalem and former Gartmore analyst Tomas Pinto. But it will not boast Guy, who retired from Gartmore last year, unhappy with the firm's treatment of Rambourg. Guy has retired from the investment management industry, a Verrazzano spokeswoman said.

Guy or no, Verrazzano is expected to raise as much as US$1 billion for a stock fund to launch next year. The firm plans to begin fundraising this year.

In addition to Rambourg, Moussalem and Pinto, Verrazzano—named for the bridge in New York, and not for the Italian explorer for whom that bridge is named; Rambourg is an avid runner of the New York Marathon, which begins on the bridge—also features Lyxor Asset Management founder Murielle Maman and Tim Williams, a former senior investment officer at UBS' hedge fund business.

Rambourg was cleared earlier this year by the U.K.'s Financial Services Authority over allegedly directing trades to favored brokers. Gartmore suspended him last year, beginning a downward spiral that concluded with the firm's sale to Henderson Global Investors earlier this year.


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.