Star asset manager Guillaume Rambourg, who resigned from UK fund firm Gartmore yesterday, has taken a paper loss of £7.5m (€9m) since he was first implicated over a breach of internal procedures earlier this year. But despite his departure yesterday, Rambourg could remain one of Gartmore's largest shareholders for years to come, giving him an opportunity to recover his losses.

Rambourg has a 3.9% stake in Gartmore, according to Bloomberg, dating back to when the company floated in December at 220p.