Three Paris-based boutiques Amaïka AM, Cedrus AM and 360Hixance AM have unveiled plans to merge.
The new entity called Sanso Investment Solutions and will manage over €600m of assets. It will tally 16 employees including seven fund managers.
Sanso Investment Solutions will target private wealth managers and institutional clients through a fund range that will include sustainable themes but also through mandate management and tailored products.
The merger aims to make the new entity a key player in the field of socially responsible investing (SRI).
Sanso Investment Solutions will be led by David Kalfon, chairman and founder of Amaïka AM, and Benoit Magnier, chairman of Cedrus AM.