Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Boutique chief Rambourg to retire & shut five funds

Boutique chief Rambourg to retire & shut five funds

Guillaume Rambourg is set to retire from fund management and turn his investment boutique Verrazzano Capital into a family office.

In a note to shareholders, the 23-year market veteran said he has decided to focus his 'time and energy' on other activities.

In doing so, Verrazzano Capital, which Rambourg founded in 2011, is to close the five funds the European equity veteran oversees. These being:

In addition, the Verrazzano Renaissance fund, managed by Vincent Rennella, will also be liquidated.

Verrazzano Capital will now become a family office, with a large portion of its assets being invested in Youssef Benhaddouch’s concentrated European long-only fund.

The rest will be invested in other funds across an array of asset classes and in private equity ventures, with a firm focus on innovative, socially responsible and impactful investments.

Boutique ambitions

Prior to launching Verazzano in 2011, Rambourg spent 14 years at Gartmore, where he had been involved in internal breaches

Rambourg's resignation from Gartmore sparked a chain of events which led to fellow portfolio manager Roger Guy also quitting the firm.

This created outflows to its European fund range, which subsequently meant a dip in the firm's share price. Rival group Henderson then acquired the firm for €378 million (£335 million).

In a letter ‘to investors and friends’ Rambourg said he has decided to embark on a new life path and that subsequently, the firm would now become a family office.

‘Producing consistent investment returns over the years has been an all-encompassing passion, one that has ruled and rhythmed my day to day life, for so long.

‘It was an arduous, yet rewarding journey. It was challenging at times, but so often exhilarating. However, the passion has waned of late, and new interests have emerged for me.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Luxembourg Forum

    Citywire Luxembourg Forum

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2017

    Citywire Italy 2017

  • Citywire Berlin 2017

    Citywire Berlin 2017

  • Citywire Miami 2017

    Citywire Miami 2017

  • Citywire Professional Buyer

    Citywire Professional Buyer

  • Citywire Madrid 2017

    Citywire Madrid 2017

  • Citywire Switzerland Retreat 2017

    Citywire Switzerland Retreat 2017

  • Citywire Amsterdam 2017

    Citywire Amsterdam 2017

  • Citywire Frankfurt 2017

    Citywire Frankfurt 2017

  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016