Stamina European equity FoF to merge with LFDE flagship fund

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Stamina European equity FoF to merge with LFDE flagship fund

Paris-based asset managers Stamina AM as well as AltaRocca AM have joined La Financière de l’Echiquier on 30 April 2018, following the deal completed by LFDE with Primonial.

In this merger context, LFDE seeks to streamline its fund range. A first step will be the absorption of the Echiquier Stamina Europe fund, a fund of funds invested in European equity managers, by the Echiquier Major fund, invested in European large cap growth stocks, on 23 May 2018, according to a note seen by InvestmentEurope.

The FoF, co-managed by Clément Inbona and Alexis Bienvenu, was worth €51.1m in assets under management  and was already invested at 10.6% in Echiquier Major as of end April 2018. At least 30.1% of the Echiquier Stamina Europe fund were allocated to LFDE strategies at that time.

The management of the Echiquier Major fund, which is part of the flagships strategies of LFDE, had been reshuffled at the end of last year. The fund had been handed over to Adrien Bommelaer and Matthieu Détroyat.

The Echiquier Major fund had AUM of €724.5m as of 14 May 2018.