Exclusive: H2O AM, Quadra Capital strike alts fund development deal

Exclusive: H2O AM, Quadra Capital strike alts fund development deal

H2O Asset Management, a London-based investment boutique headed up by Bruno Crastes and backed by Boston- and Paris-based Natixis, has signed a partnership deal with London-based Quadra Capital Partners to develop new alternative strategies, International Investment‘s sister publication, Investment Europe, has exclusively revealed today. 

The news of H2O’s partnership arrangement with Quadra Capital comes less than a month after the announcement that Quadra Capital partner and portfolio manager Paul-Georges Moucan was moving to take up a role as an equity portfolio manager at H2O. Moucan is also a former Amundi global equity head.

Quadra Capital is based in London and headed up by Guillaume Touze.

According to the terms of the deal with Quadra Capital, H2O AM will distribute the asset manager’s Global Equity Alpha fund, which will continue to be run by Moucan and Sébastien Gangnat-Tunzini.

Both Moucan and Gangnat-Tunzini will join H2O Monaco, a new entity of the H2O group which was granted an asset management licence by the CCAF (Commission de Contrôle des Activités Financières) last August.

The investment philosophy of the Quadra Capital Global Equity Alpha fund will, Investment Europe understands, remain unchanged. The fund will also continue to be a sub-fund of Quadra Capital’s Luxembourg-domiciled UCITS SICAV – which, however, will be rebranded as H2O Lux Invest Global L/S Opportunities.

The fund will also continue to be marketed by Quadra Capital to its existing as well as potential  clients.

H2O Asset Management was co-founded in 2010 by Crastes, who remains its chief executive, and  Vincent Chailley, chief investment officer, to focus on investment strategies characterised by “high, risk-adjusted returns” as well as being highly liquid and transparent (which its H2O branding and water-themed marketing images might be assumed to be a reference to).  It currently employs some 53 “investment professionals” according to its website, who manage some 16 open-ended funds, and who, at the end of December, were looking after total assets under management of $18.7bn (£13.16bn, €15.11bn).