French independent financial advisory firm Haussmann Patrimoine has partnered with Rothschild Asset Management for the launch of a flexible and diversified fund of funds, Haussmann Patrimoine Convictions, on 3 April 2018.
The FoF aims to first meet demand from Haussmann Patrimoine’s clients but will also be available to external investors.
Its equity and fixed income exposures may each vary from 20% to 80% of the fund’s net assets through Ucits funds shares (Sicavs, FCPs, trackers,…). The Haussmann Patrimoine Convictions FoF seeks to outperform a composite benchmark – 50% MSCI World TR Net World + 30% JP Morgan GBI EMU DR + 20% EONIA capitalised – over a rolling period of five years.
It will be managed by Thomas Ayache and Mathieu Six, portfolio managers and members of the Rothschild AM’s open architecture long only asset allocation unit led by Marc Terras portrayed in the March 2018 issue of InvestmentEurope.
An investment advisory committee of Haussmann Patrimoine will advise Rothschild AM on the building of the FoF’s asset allocation strategy by issuing recommendations on investments and asset allocation. It will be composed of Emmanuel Narrat, founder and chief executive officer, François Gazier, head of Asset Allocation and Fund Selection, Julien Fleuret, head of Financial Department and William Pichon, head of Financial Engineering Department.
Insurance companies such as Generali Vie and Nortia have already referenced the fund on their platforms.