French boutique Portzamparc Gestion has announced it will soon suspend new subscriptions to its Portzamparc PME fund focused on French small and mid-cap equities.
The fund managed by Adil Kada and Michel Renard, has recorded €100m of net inflows over the last two years and its assets under management are growing fast.
Hence the Portzamparc PME fund will be soft closed as soon as its AUM will exceed €180m. As of 30 November 2016, AUM stood at €172.6m.
The manager assesses that the amount of AUM could progressively dilute the performance it expects.
As of end of November 2016, top 5 positions of the fund included Spie, Guerbet, MGI Coutier, Wavestone and Fountaine Pajot. Industries, technology and consumer goods were the three first sectors of the Portzamparc PME fund in terms of allocation.
Portzamparc Gestion has been established in 1997 and is part of Portzamparc Société de Bourse.