Amiral Gestion to hard-close European small-mid cap fund

French boutique Amiral Gestion has announced it will suspend new subscriptions to its Sextant PME fund, that invests in European small and mid caps.

The hard-close of the fund will be effective once its assets under management will reach €250m. As of 26 June 2017, AuM of the Sextant PME fund amounted to €220m.

The manager said it wants to ensure best conditions for the management of the fund and argued that the management of liquidity in the European small-mid cap universe was a key factor in generating alpha.

There will be no change in the strategy implemented in the fund which relies on a rigorous stock-picking process.

Amiral Gestion has around €3.2bn of assets under management and considers establishing a Sicav.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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