French IFA group Herez has become a shareholder of asset management boutique Fourpoints, which has offices in Paris (Fourpoints IM) and New York (Fourpoints AM).
A few changes have occurred in the management of the boutique but Fourpoints will remain independent.
Herez’s managing partner François Pasquier has been appointed new chairman of Fourpoints, suceeding Béatrice Philippe.
Philippe remains chairman of Fourpoints AM while former KBL Richelieu Gestion’s head of Asset Management Nathalie Martin-Pelras has joined as chief executive officer of Fourpoints. Michel Raud, who was hitherto CEO of Fourpoints, will remain deputy CEO.
The move extends the expertise of Fourpoints to asset allocation and fund selection. It is understood that Fourpoints IM and its New-York based subsidiary Fourpoints AM will continue to work together on the management of the Fourpoints Euro Global Leaders and Fourpoints America funds.
The firm’s offering will be strengthened in the coming months with the launch of private management and mandate management services.
Fourpoints IM was to merge with YCAP Asset Management during the first quarter of 2017 but the transaction did not complete.
Assets under management of Fourpoints IM as at 31 December 2016 totalled more than €350m.