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.