Eight new asset managers join French AFG
Several French asset management companies, including the long-awaited Verrazano Capital, have become the newest members of France’s Association Francaise de la Gestion Financiere (AFG).
The eight asset managers include Verrazano Capital, Edouard 7 Gestion Privée, Ginjer AM, Massena Capital Partners, Openmind Asset Management, Riskelia, Trecento Asset Management and Volvar Asset Management.
Despite joining the AFG at the same time, these groups share a variety of backgrounds, timelines and strategies.
Guillaume Rambourg’s hedge fund management company Verrazano Capital has finally come to Paris. This is a significant rebound for Rambourg, who was previously subjected to a nine month investigation by the UK’s Financial Services Authority while at UK-based hedge fund company Gartmore. Rambourg was ultimately cleared of wrongdoing but his 15 year career at the hedge fund was ended.
Openmind Asset Management was recently seeded by French group La Francaise AM which took a 20% stake in the fledgling company. Licensed in December by the French AMF, it was founded by Tristan Abet, previously head of quantitative research at CA Cheuvreux, Xavier Trilling, institutional equity sales executive at CA Cheuvreux, and Fabien Georges, previously flexible multi-asset funds manager at Avenir France.
Ginjer AM was licensed by the AMF last September. It was founded by Léonard Cohen, formerly head of French and European equities at Edmond Rothschild AM, Baptiste Money, previously head of Francophone sales for Lyxor AM, Bruno Zaraya, formerly sales director at Metropole Gestion and Gilles de Vaugrigneuse, previously chief executive of BNP Paribas AM.
Massena Capital Partners was founded in 2007 as an offshoot of more established parent company Massena Partners. Massena Partners was set up in 1990 to invest in real estate, private equity and alternatives for private clients in Switzerland, Luxembourg and France.
Volvar Asset Management was founded in November 2011 with seed capital backing from Dutch group IMQubator. Its long/short Volvar Eurozone Volatility fund aims for absolute returns and reduced correlation.
Riskelia describes itself as a research firm specialized in the “dynamic detection of chaotic moves in financial markets”. Its team includes academic researchers and market practitioners.
Trecento Asset Management has Alice Lhabouz as chief executive, previously a fund manager at Turgo Asset Management which was founded in 2008.