Rambourg Plans London Office

Dec 13 2013 | 12:11pm ET

Three years after losing his U.K. trading license over allegations that he improperly directed trades to favored brokers, former Gartmore Group star trader Guillaume Rambourg is returning to London.

Rambourg's two-year-old Verrazzano Capital will open an office in the British capital next year, Financial News reports. The US$625 million firm is based in Paris.

"It makes sense for us to be closer to the investor base and not miss out on investor traffic," Rambourg said of the planned base in Europe's hedge-fund center. "Two or three" Verrazzano employees are expected to move to London—although Rambourg is staying put, for now.

"I might come back eventually, but it's not my immediate plan," he told FN.

Rambourg was cleared of any wrongdoing by British regulators in early 2011, but the damage had been done: He and his longtime partner, Roger Guy, left Gartmore after Rambourg's suspension, beginning a downward spiral for the firm that led to its sale to Henderson Global Investors last year.

Verrazzano's flagship European Opportunities Fund is up 11.3% this year, while its European Focus Fund has returned 17%.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of