Gartmore

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".

OBSR has deferred its ‘A' rating on the Gartmore European Absolute Return and its Sicav equivalent following the suspension of manager Guillaume Rambourg.

Gartmore has completed a joint venture with Hermes Fund Managers Limited to combine private equity fund of fund businesses.

Gartmore has the ability to apply a dilution levy to investors looking to withdraw assets from its range of European funds on the back of the suspension of Guillaume Rambourg.

Managing other people's money is all about trust.

Gartmore is under investigation by the US Securities and Exchange Commission but has insisted the probe does not concern its European stars Roger Guy and Guillaume Rambourg, The Telegraph reports.

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

Short selling was, perhaps surprisingly, most notable by its absence as shares in hedge fund manager Gartmore slid 31% mid-week.

Roger Guy reaffirmed his commitment to Gartmore and says he no intention of leaving following the suspension of his management partner Guillaume Rambourg this week.

Roger Guy has hit out at the company's "excessive" internal compliance rules which he blames for the suspension of his management partner Guillaume Rambourg this week.