Paris-headquartered boutique YCAP Asset Management will take over Fourpoints Investment Managers during the first quarter of 2017.
The transaction, subject to regulatory approval from the AMF and the SEC, will see YCAP AM managing over €1.5bn in assets. In addition, YCAP considers taking a stake in New-York-based boutique Fourpoints Asset Management.
Fourpoints IM has recently seen the departure of two portfolio managers who were running the Fourpoints Funds Digital Leaders fund and brought it with them to their new company Finaltis.
Lionel Tangy-Malca, President of YCAP, said: “As we emphasised at our fifth anniversary in May 2016, since year one, YCAP has demonstrated its capacity to successfully integrate teams with recognized expertise and track records. We are excited to acquire Fourpoints IM’s investment management business in order to develop our expertise in equity management.”
Béatrice Philippe and Michel Raud, president and managing director of Fourpoints IM respectively, commented: “We are delighted that our team is joining YCAP AM, an entrepreneurial company that shares our professional and ethical values. The two companies’ varied, but complementary expertise across different asset classes will allow the combined entity to develop further.
“Our clients will benefit greatly from YCAP AM’s research and risk management expertise, which will enable us to improve the risk-return of our portfolios as well as create tailor-made solutions for institutional investors.”
Founded in 2010, YCAP has offices in Paris, Geneva and Luxembourg, running asset management, IFA and advisory businesses. It had €1.2bn of AUM and €300m of assets under advisory as of 31 December 2016.
AUM of Fourpoints reached over €350m at end-December 2016.