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

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note