Gartmore stars Guy and Rambourg set for hedge fund launch
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Former Gartmore star duo Roger Guy and Guillaume Rambourg are set to launch a hedge fund together, according to reports.
The Sunday Times reports that the pair are looking at London, Paris and Geneva as a base for the offering.
Guy and Rambourg were arguably the biggest names at the asset manager and their resignations last year prompted billions of pounds worth of ouflows from Gartmore.
The pair ran Gartmore’s European large cap fund.
Rambourg faced an internal investigation by the asset manager in April 2010 over allegations that he had breached internal controls by letting favoured brokers execute his trades. The FSA then began a full investigation in June, a move which prompted Rambourg to resign from the asset manager in July 2010 to clear his name.
Rambourg was cleared of the charges two weeks ago.
Guy, who looked after about 35 per cent of Gartmore’s asset under management, left the firm late last year.
Gartmore has since been acquired by Henderson Global Investors.
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