French group buys stake in quantitative asset manager

French financial group Crédit Mutuel Arkéa has announced it has purchased a 28% stake in the capital of Vivienne Investissement, a French quantitative asset management company based in Lyon.

Other shareholders of Vivienne Investissement include the firm’s founder and CEO Laurent Jaffrès as well as venture capital company Gemmes Venture.

Vivienne Investissement’s expertise in the quantitative management area aims to bolster these of Arkéa Investment Services, the investment arm of Crédit Mutuel Arkéa sheltering the private banking and asset management entities of the group (Federal Finance Gestion, Schelcher Prince Gestion, Arkéa Banque Privée et Swen Capital Partners).

The deal will help Vivienne Investissement to speed up its development.

It is understood Arkéa Investment Services and Vivienne Investissement will work, among others, at the conception of robo-advisory services.

Established in 2005, Vivienne Investissement was initially a financial research lab before turning a quantitative asset manager.

Arkéa Investment Services managed €42bn of assets as of 31 December 2015.

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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