Paris-based boutique DNCA Investments has launched the DNCA Invest Venasquo fund on 28 December 2016.
The firm’s absolute return team composed of Cyril Freu, Mathieu Picard, Pierre Pincemaille and Boris Bourdet will manage the fund, which is a compartment of Luxembourg Sicav DNCA Invest.
The DNCA Invest Venasquo seeks to outperform the composite Index: 50% Eurostoxx 50 Net Return + 50% EONIA and targets an average annual volatility around 10% in a normal market environment.
It invests primarily in European stocks (EEA, Switzerland) and has a net equity exposure which can vary from 0 to + 100% of the assets under management.
Also the fund can be invested up to 10% in stocks of other regions than the EEA and Switzerland and its fixed income exposure can evolve from 0% to 100% of its net assets in adverse market conditions
and from 0% to 25% in case of normal market conditions.
Equities with a market cap below €150m could form up to 5% of the fund’s net assets.
The fund is currently registered in France and Luxembourg. As of 25 January 2017, AUM of the DNCA Invest Venasquo fund were €23m.