French boutique merges pair of funds

Paris-based investment firm Cholet Dupont Asset Management is set to merge two sub-funds of its Luxembourg-domiciled GTF Sicav on 3 May 2018, InvestmentEurope has learned.

The merger will see the GTF-MENA fund absorbed by the GTF – Opportunities fund whose management has been delegated to Petercam Institutional AM.

Cholet Dupont AM seeks to streamline its Sicav with the merger. The GTF – Opportunities fund invests in global equities, especially European stocks. It does not invest in Chinese, Indian and Russian equities and exposure to external funds may go up to 50% of its nets assets.

Its investment policy will remain unchanged. The GTF – Opportunities fund had €38.9m of assets under management as of end March 2018. Launched in September 2013, it was previously run by GT Finance before the firm merged into Cholet Dupont AM.

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.

Read more from Adrien Paredes-Vanheule

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