Paris-based emerging manager seeder Emergence and NewAlpha Asset Management, which manages Emergence’s Performance Absolue Sicav, have selected French boutique Laffitte Capital Management into the Sicav Emergence Performance Absolue.
Emergence Performance Absolue brings €20m to the Laffitte Dynamic Strategies fund launched during the fourth quarter of 2016.
The fund seeks to achieve an absolute return performance through discretionary strategies that tend to correct inefficiencies of equity markets (dividend arbitrage, M&A arbitrage, index rebalancing, L/S equity…)
Established in 2007 by Eric Robbe, Arnaud Yvinec, David Lenfant et Gabriel Teodorescu, Laffitte Capital Management has around €400m of assets under management, having doubled its size in 2016 with subscriptions coming from worldwide clients who currently form over 60% of its AUM.
Laffitte Capital Management is the 15th company to be seeded by Emergence.
A total of €450m have been invested in the Actions and Performance Absolue Sicavs of Emergence since 2012.