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.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and 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.

Read more from Adrien Paredes-Vanheule

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