Sycomore Asset Management launches fund based on worker satisfaction
French boutique Sycomore Asset Management has announced the launch of a fund focusing on employees’ satisfaction, Sycomore Happy@Work.
This fund is a FCP (fonds commun de placement) domiciled in France targeting institutional investors. It strengthens the SRI range of products of the firm, with four open-ended funds and over €600m of assets under management.
The Sycomore Happy@Work fund aims to outperform the Eurostoxx TR Index.
The firm’s analysis includes ESG performance indicators defined by its research team. The investment team will proceed to field surveys in order to assess employee satisfaction levels.
Christine Kolb, founding partner and head of Business Development at Sycomore AM, said : “We live in a world which puts innovation at the heart of company performance and we are repositioning human capital as a key element in the creation of sustainable value.”
Cyril Charlot, founding partner and manager of the Sycomore Happy@Work, explained that the firm has identified three factors promoting professional fulfillment and “hallmarks of sustainable performance” : the quality of work life, motivation and empowerment.
“They improve an employee engagement and help drive productivity. A contended employee is more efficient and creative and feels more involved,” he added.
Founded in 2001, Sycomore AM has €3bn of assets under management in open-end funds and dedicated mandates for major French SRI investors such as Erafp and FRR.