Roche-Brune AM closes pair of funds

French boutique Roche-Brune Asset Management has proceeded to the liquidation of two funds, Capital Brain and Ozone, both domiciled in Luxembourg, InvestmentEurope understands.

The decision to liquidate the two strategies has been taken at the extraordinary general meeting of the firm that took place last 20 July with immediate effect. The firm expects money will be returned to the funds’ unit shareholders on 17 August 2018.

Capital Brain was an unconstrained global equity fund of 50 to 65 positions (mainly mid and large cap international stocks), whose inception dated back to December 2015 and worth €3m of assets as at end of June 2018.

The Ozone fund, launched in December 2016, invested in eurozone stocks and had €5m of AUM as of 30 June 2018.

Roche-Brune AM, led and founded by Bruno Fine, had €440m of AUM as at the end of February 2018.

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.

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