Guillaume Rambourg's new long/short equity hedge fund, Verrazzano Capital might be the biggest hedge fund launch of the year, according to BusinessInsider. Rambourg comes from the formerly huge ~$6.5 billion British hedge fund Gartmore, which used to have 2 star portfolio managers: Rambourg and Roger Guy.
Then they suspended Rambourg. It all went downhill from there — for Gartmore.
For Guillaume on the other hand, just wait and see. The fund experienced over $1 billion in redemptions when he left, and his new fund, named for the bridge where the New York Marathon begins, expects to raise ~$1 billion. He plans to launch in Paris with Karim Moussalem, who was made a managing director in 2007 and was the head of cash trading at Goldman Sachs, and left the US investment bank after almost a decade for a senior investment role. A number of other big guns have also been hired….
Read more at http://www.businessinsider.com/guillaume-rambourg-verrazzano-2011
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