Gartmore

Gartmore fired one of its senior traders for breaching rules just weeks before the suspension of star fund manager Guillaume Rambourg.

Gartmore head of UK retail Richard Pursglove believes the decision to suspend Guillaume Rambourg last week demonstrates the group's commitment to maintaining the "highest levels of integrity".

Gartmore's suspended fund manager Guillaume Rambourg used the Bloomberg instant messaging system to "direct" trades for nearly a year, the Sunday Times reports.

High-profile fund manager Roger Guy has hit out at what he calls Gartmore's "excessive" internal compliance rules which he blames for the suspension of management partner Guillaume Rambourg this week.

Stock analysts are putting the thumb screws on Gartmore for more details on the suspension of star manager Guillaume Rambourg, as they caution shareholders of damage to the firm's franchise and assets.

Henderson's Stephen Peak remains comfortable with his near 12% stake in Gartmore despite seeing the fund manager's share price slide more than 30% this week.

Gartmore shares have rebounded after the fallout from the suspension of star manager Guillaume Rambourg sent them tumbling last night and early this morning.

Gartmore's Guillaume Rambourg is being investigated for favouring certain brokers when carrying out dealings, Reuters understands.

Shares in Gartmore fell almost 4% on Monday amid continuing speculation about links between star fund manager Roger Guy and a broker caught up in an FSA insider dealing investigation.

Gartmore's Gervais Williams says despite the decline of the Irish economy, things are starting to look more positive.