Former Gartmore star Guillaume Rambourg has returned to the UK fund market.
Rambourg (pictured) was suspended from Gartmore in April 2010 for breaching internal policy, which prompted a nine-month investigation by the Financial Services Authority. He was eventually cleared of wrongdoing by regulators in March 2011, around nine months after he quit Gartmore in the fight to clear his name.
Rambourg went on to form Paris-based Verrazzano Capital, a European equity specialist boutique, which has launched the Verrazzano Advantage European fund, a Ucits-compliant Luxembourg Sicav.
The fund aims to achieve long-term capital growth by investing at least 80% of its assets in the shares of companies listed in Continental Europe and is Verrazzano’s first long-only product offered to external investors, following the 2012 launch of two successful European equity long-short strategies.
Commenting on the launch, Rambourg said: ‘We’re delighted to launch our first long-only fund and make it available to a broad investment audience. It is an important milestone for Verrazzano Capital, which has evolved quickly since 2011 thanks to investor appetite for our tried and tested investment approach and the meticulous path we took to building out the institutional platform.
‘Through the firm’s two senior investment officers Tomás Pintó and Karim Moussalem, the team combines long-standing continuity and an injection of new talent, enhancing an investment process that has generated significant alpha through several market cycles.’
Kepler Partners, a research-led distribution business, which has partnered with Verrazzano to distribute the Advantage European Fund to UK Institutions, said it has seen plenty of interest for the new fund.
Laurie Robathan, a partner at the firm, said: ‘We have seen significant interest in this fund launch from investors looking to allocate to European equities. Guillaume has a large following in the UK and we are very excited about the prospects for this fund.’