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

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note