French absolute return boutique Eraam has recently been awarded a €20m mandate from the French seeding fund Emergence.
Assets will be invested in the Eraam Premia Ucits fund, launched in December 2015.
It aims to provide investors with a liquid and diversified strategy focusing on risk premia.
By adding €20m from the Sicav Emergence, the fund has more than €100m in assets under management drawn in half a year, mainly from investors based in France, Switzerland and Luxembourg.
Eraam is owned at 25% by Iena Venture, the incubator of La Financière de l’Echiquier. It currently considers new distribution channels to reach independent financial advisers.