Rambourg launches first long-only fund for new boutique

Former Gartmore manager Guillaume Rambourg has launched his first long-only European equity fund for new venture Verrazzano Capital.

As first revealed in September by Investment Week, Rambourg has been running a long-only mandate for a single client, and has now opted to take the strategy to external investors. 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. ...