French boutique delegates pair of funds to sister company
Federal Finance Gestion has delegated the management of the Federal Conviction Grande Asie fund – a pan-Asian equities fund – and of the Federal Croissance fund – a balanced fund invested half in global equities half in global bonds and currencies – to Schelcher Prince Gestion, both firms being part of French financial group Crédit Mutuel Arkéa.
The delegation started on 1 July 2018. Leovic Lecluze, head of Equities and senior fund manager at Federal Finance Gestion, has moved to Schelcher Prince Gestion in order to continue running the Federal Conviction Grande Asie fund. Lecluze also acts on the Federal Croissance fund.
The 20-year experienced portfolio manager has been focused on pan-Asian and emerging markets equities most of his financial career.
Federal Finance Gestion said the delegation of the Federal Croissance fund to Schelcher Prince Gestion will enable the firm to benefit from its sister company’s expertise on fixed income, credit, convertible bonds and asset allocation.
Parent company Crédit Mutuel Arkéa had €128.4bn of total assets under management as of end 2017.