Roger Guy, co-head of the hedge fund operations of UK asset manager Gartmore, has hit out at the company's “excessive” internal compliance rules, which he blames for the suspension of his partner Guillaume Rambourg this week.
In a private conference call held yesterday for investors in Gartmore's $8.3bn hedge fund business – one of London's most prominent – Mr Guy said the past 24 hours had been the worst in his 20-year career.
“Guillaume has my full support,” he said, adding that he hoped Mr Rambourg would be back at work within a month.
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