French quantitative asset manager Sagara Financière, which has recently scraped its entire fund range, is going into judicial liquidation, InvestmentEurope can reveal.
The Paris commercial court (tribunal de commerce de Paris) has ordered the opening of the judicial liquidation procedure on 9 August 2018 after the company suspended payments in July according to a document seen by InvestmentEurope. A liquidator has been named.
The Paris-based quant boutique shuts down just a little more than a year after its establishment. In April 2017, the firm’s chairman Fabrice Moullé-Berteaux had purchased Day Trade Asset Management (DTAM), founded in 2002, from previous owner Adrien Fuchs and turned it into Sagara Financière a month later.
Contacted by InvestmentEurope, Sagara Financière has yet to comment the information.