Gartmore has announced that Guillaume Rambourg will return to work at the company immediately. His return follows the completion of an internal investigation relating to a breach of rules regarding the direction of trades to specific brokers.
Gartmore’s investigation concluded that although their internal rules were broken, there was no breach of the Financial Services Authority’s regulations. Most importantly Guillaume Rambourg actions had not disadvantaged clients in any way.
Rambourg has returned to work as a European analyst but not co-manager of the Gartmore European Absolute Return fun. Roger Guy will therefore continue to manage the fund and benefit from Rambourg’s expertise. In addition Gartmore have appointed Darrell O’Dea to strengthen the European team.
Following the outcome of the investigation we have made the decision to reinstate Gartmore European Absolute Return fund to 5 Stars.