Rothschild and HDF Finance to merge multi-manager activities

Rothschild & Cie Gestion and multi-manager HDF are to merge their traditional and alternative multi-management activities.

Subject to regulatory approval, the new company called Rothschild HDF Investment Solutions will be 67%-owned by Rothschild & Cie Gestion and 33% by HDF Group. It will have pro-forma assets under management of about €4bn.

After the acquisition of Héritage Asset Management, this would be Rothschild’s second deal in 2012.

Rothschild HDF Investment Solutions will be headed by Jean-Louis Laurens as chairman and Denis Faller as chief executive, General Partners of Rothschild & Cie Gestion.

Pierre Lenders, who is currently chief executive and co-CIO of HDF Finance, will be appointed deputy chief executive of the new entity. Christophe Jaubert and Marc Terras will serve as co-CIOs.

The firm will offer innovative and open-architecture solutions that cross the traditional borders between asset classes, and that are accessible depending on legal restrictions and client needs, including open-ended or dedicated funds, mandates, portfolios of managed accounts, and others.

Rothschild & Cie Gestion is the asset management arm of Rothschild & Cie Banque Group, servicing private and institutional clients, French and other European external distributors, and independent wealth managers.

With €20bn in assets under management, its traditional focus is European equities, corporate and convertible bonds, and flexible diversified management. Since 1996, it has developed multi-management expertise for both traditional and alternative assets.

Established in 1986, HDF is a pioneer in multi-management and the creator of the first fund of alternative funds in France, which now has a track record of more than 20 years. 

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