Paris-headquartered investment group La Française has reported inflows of €3.1bn in the first quarter of 2017.
Net new money has been primarily in long-term investments in securities, including multi-strategy fixed income investments, real estate, La Française Investment Solutions funds (alternatives) and money market investment strategies.
The group’s assets under management have increased by 6% quarter-on-quarter from almost €60bn at 31 December 2016 to €63.7bn at 31 March 2017, with international investors accounting for more than 14%.
Some 25% of the firm’s 2016 inflows have come from its foreign activities. The group recently bolsters efforts in Germany where it has appointed Kay Scherf as head of Sales – Securities.