Ex-Gartmore Star's Funds To Debut This Week

Feb 27 2012 | 4:04am ET

Guillaume Rambourg, the former Gartmore Group star who left that firm after his suspension for allegedly directing trades, will launch his new hedge funds on Friday.

Verrazzano Capital Partners will begin trading at the beginning of next month, the Sunday Times reports. The Paris-based firm expects to raise about US$500 million in its first months for its two maiden offerings before soft-closing when it reaches US$1.5 billion in assets.

The Verrazzano European Opportunities Fund will employ a long/short strategy, investing in between 40 and 80 names and targeting a return in excess of 10%. The Verrazzano European Focus Fund will be more concentrated, with just 20 to 30 names, and aims to return 15% or more annually.

Rambourg was cleared last 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.

Following his exit from Gartmore—and that of his longtime partner, Roger Guy, several months later—it was assumed that Rambourg and Guy would go into business together. But Guy is not involved in running Verrazzanno; Rambourg said he has retired from fund management but is supporting the new firm.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR