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.

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.

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