Former Gartmore manager Guillaume Rambourg has launched his first long-only European equity fund for new venture Verrazzano Capital.
The Verrazzano Advantage European Fund - a UCITS-compliant Luxembourg SICAV - aims to achieve long-term capital growth by investing at least 80% of its assets in the shares of companies listed in Continental Europe.
Since his exit from Gartmore in 2011, Rambourg has run a number of long/short strategies, amassing $500m of assets, but this is the first time retail investors will be able to access his funds.
Rambourg (pictured) 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."
At Gartmore, Rambourg worked closely with hedge fund veteran Roger Guy, running two long/short equity funds with $5bn under management as well as several long-only mandates totalling $8bn AUM. Guy is a backer of Rambourg's firm and invests in his funds.
Rambourg was suspended from Gartmore in 2010 pending an investigation into alleged trading irregularities, but was later cleared of any wrongdoing by the regulator.
He returned to the group later that year before leaving to launch his own firm in 2011.
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