Paris-based asset manager Twenty First Capital has announced its equity portfolio manager Louis Albert is set to leave the firm at the end of the year to pursue other opportunities.
Albert, who joined the company in September 2011, currently manages the ID France Smidcaps fund.
The strategy relies on a stock picking approach of French small and mid-caps stocks. It totalled €69.99m of AUM as of 9 November 2016 and returns +14.99% year-to-date as of 14 November 2016.
Marc Reveillaud will succeed Albert as lead portfolio manager of the ID France Smidcaps fund as from 1 December 2016.
Twenty First Capital’s chief executive officer Stanislas Bernard said no change will be made in the current management process of the ID France Smidcaps fund.