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Hargreaves Lansdown suspends Rambourg fund from Wealth 150

Hargreaves Lansdown has withdrawn the Gartmore European absolute return fund from its wealth 150 following the suspension of fund manager Guillaume Rambourg.

Rambourg was suspended on Tuesday pending an internal investigation and Hargreaves Lansdown says it is prudent to place the fund on hold until further details emerge.

Investment manager Ben Yearsley says the group has spoke to Gartmore, with the group informing internal experts to go back over trades the European equities team has placed in 2009.

He says: “I want to stress that this is not a recommendation to sell the fund, simply that given the circumstances we feel that we should not be suggesting making any further investment into this fund at this stage.”

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