Former Gartmore portfolio manager Guillaume Rambourg is to launch a UCITS-compliant long-only European fund for his Paris-based firm Verrazzano Capital Partners.

Former Gartmore portfolio manager Guillaume Rambourg is to launch a long-only European fund for his Paris-based firm Verrazzano Capital Partners.

The Verrazzano Advantage European Fund is a UCITS-compliant Luxembourg SICAV structure which aims to achieve long-term capital growth by investing at least 80 per cent of its assets in the shares of companies listed in continental Europe.

The fund is Verrazzano’s first long-only product offered to external investors, following the launch in 2012 of two European equity long-short strategies to qualifying investors.

Rambourg was co-portfolio manager of Gartmore European Selected Opportunities and Gartmore Continental European funds between 1997 and 2010 and also various AlphaGen hedge funds, including Capella, Tucana and Acamar, from 1999 to 2010.

Kepler Partners, the research-led distribution business, has partnered with Verrazzano to distribute the fund to UK Institutions.

Verrazzano has assets of around $500 million.