French asset manager Amiral Gestion has joined the Group of Boutique Asset Managers (GBAM), a global network of small and medium-sized asset management firms seeking to strengthen their presence in international markets.
GBAM includes companies such as azValor, March AM, Mapfre AM, Aubrey Capital Management, Eichler & Mehlert, First Avenue, Fisch AM, GBM, icf management limited, LarrainVial AM, New Alpha AM, Quaero Capital, SKAGEN, VanEck Switzerland, Afra Capital, Zeal AM and Nextam Partners.
Amiral Gestion, managing over €4.2bn of assets under management, is headquartered in Paris with offices in Madrid and Singapore. The company has further plans to expand its business in Italy.
François Badelon, founder of Amiral Gestion, said “it is an important step in the process of internalisation that we have launched many years ago. The fact of being in contact with exceptional professionals of the industry internationally is, without any doubt, a competitive advantage. Surely we can contribute and learn a lot with our incorporation”.
GBAM chairman Tim Warrington added, “we are delighted to welcome Francois and his team into the GBAM group. His experience in Europe and the Far East will greatly strengthen the perspectives we have within the wider group. We look forward to sharing our experiences.”