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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note