French boutique Amiral Gestion has reopened to subscriptions its European and small-mid caps fund 15 months after closing it.
The value investment boutique suspended the subscriptions to its Sextant PME fund in June 2017 after the equity strategy reached €250m in assets under management.
Amiral Gestion said it wanted to ensure best conditions for the management of the fund and argued that the management of liquidity in the European small-mid cap universe was a key factor in generating alpha.
“With assets under management standing now at €175m, we retake the opportunity to invest in European small and mid caps”, explains Raphaël Moreau, Sextant PME fund manager.
