French boutique La Financière de l’Echiquier (LFDE) has appointed Romain Ruffenach as co-manager of Echiquier Value Euro, effective 6 November 2018.
Ruffenach joins the management team led by Olivier de Berranger and will be assisting Maxime Lefebvre, co-manager of Echiquier Value Euro.
Launched in December 2012, Echiquier Value Euro is a stock-picking fund investing in European equities significantly undervalued or in a turnaround phase. It exemplifies LFDE’s historic expertise in value stock picking based on in-depth knowledge of the companies. At 31 October 2018 it had assets under management of €642m.
After working as a sell side analyst at CMCIC Securities and in audit (KPMG), Ruffenach joined SMA Gestion in 2013, in the Equity Long Only division. He then became the manager of the company’s top European equity fund.