Former Gartmore fund manager Guillaume Rambourg has launched a new charitable foundation, Financial News reports. Rambourg has transferred his 3.9% stake in Gartmore to the new Rambourg Foundation. The current value of the stake is estimated to be about £13.8 million. The foundation, which was registered with the Charity Commission in February, aims to collect donations from third parties and perform charitable activities, such as providing education and training as well as prevention or relief of poverty.
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