Paris-based boutiques Roche-Brune AM and Myria AM have announced they reached an agreement to develop the Capital Prudence fund, a diversified strategy that was launched more than 10 years ago.
The management of the fund has been delegated to Myria AM, the asset management arm of French financial group UFF. Hence Myria AM will be responsible for the asset allocation, the portfolio construction and the risk management of the strategy, which will invest primarily in Roche-Brune AM and Myria AM’s strategies for the 20% equity bucket.
At least 80% of the fund will be invested in other asset classes through external funds, derivatives or trackers selected by Myria AM.
Roche-Brune AM announced in a shareholder letter that it is no longer part of French financial group Primonial.
Roche-Brune AM manages around €500m of assets under management.