Paris-based independent financial adviser Dauphine Patrimoine has been awarded an asset management license from French financial market regulator AMF for a company branded Dauphine AM, InvestmentEurope can reveal.
AMF has given its green light on 4 December 2017.
Dauphine AM’s license enables the firm to manage among others Ucits funds (OPCVM) and mandates in addition to investment advisory and the commercialisation of funds managed by other investment management firms.
Dauphine Patrimoine was established in 2004 by managing partner and former deputy head of Asset Management at Rothschild & Cie Gestion François-Xavier Legendre.
The firm, serving over 300 families, runs a proprietary investment approach Magellan Ability that results in a portfolio allocation split between a 80% core allocation reflecting the team’s long-term views and a 20% satellite allocation that consists of tactical bets (commodities, gold, oil, emerging markets,…)