Luxembourg-based asset manager BLI – Banque de Luxembourg Investments has appointed Jérémie Fastnacht as the lead manager of BL-Equities Dividend, effective today.
BLI’s managing director Guy Wagner, who was the main fund manager since inception ten years ago, remains its co-manager.
Fastnacht joined Banque de Luxembourg as an analyst and equity portfolio manager in September 2014, having started his career as an equity fund manager at BCEE Asset Management.
“This is a conscious decision: Jérémie joined the team 18 months ago, and during this period, he was able to manage the fund portfolio and familiarise himself with our investment philosophy,” commented Guy Wagner.
“The fund’s objective stays the same, namely selecting quality stocks at reasonable priced and dividend yields that lie above the equity markets. Jérémie will of course bring his own individual touch to the management of the fund,” Wagner added.