Gartmore’s Guy saga highlights key man risk—again


Most investors remained loyal after Rambourg left—it's unlikely they will be so sanguine after the departure of Guy as well.

By Neil Wilson

nullIt has been a difficult year for Gartmore Investment Management, the London-listed asset management firm. But it still came as a shock on November 8 when the company announced to the London Stock Exchange that Roger Guy, for many years its leading manager, would be leaving.

Guy had been with the firm for 17 years and had played a leading role—alongside his former co-manager, Guillaume Rambourg—in transforming Gartmore from a traditional long-only asset management shop into a leading player in European hedge funds with more than