French boutiques Auris Gestion Privée and Alexandre Finance, specialised in European equities and bonds, have announced their merger, with the aim of becoming an important local player in fund management.
The deal, which has been validated by French regulators, will enlarge both assets managers’ expertises. Together they will manage over €1bn.
Launched in 2008, Alexandre Finance has €135m of assets under management.
The firm’s process aims to pick undervalued securities with limited risk and a rebound potential on mid-term. Alexandre Finance does not use benchmarks.
Founded in 2004, Auris Gestion Privée manages portfolios for private and institutional clients and has €1bn of assets under management.
Auris Gestion Privée said it has plans for further expansion outside France.