iM Global Partner has announced the forthcoming acquisition of a 20% interest in Zadig Asset Management.
Zadig Asset Management will be the sixth Partner to join the multi-boutique platform, and the first that manages European equities. As it is the case with the other strategic Partners, Zadig Asset Management will continue to run its operations independently and manage its portfolios using the same active and concentrated stock picking approach developed by its founders since the 1990s, prior to its founding.
The acquisition is subject to applicable regulatory requirements, including the approval of the Luxembourg regulator, the Commission de Surveillance du Secteur Financier.
Laurent Saglio, founder and partner at Zadig Asset Management said: "We are thrilled by this partnership with iM Global Partner. We will pursue our growth path by extending our range of products with the addition of new talents. This expansion will be true to our investment philosophy: active and concentrated stock picking to generate alpha in all market conditions. For this, iM Global Partner is an excellent partner, bringing distribution, business support and a sophisticated appreciation of the investment management industry. This is what we need to keep growing for the benefit of all Zadig's historical stakeholders to whom we remain exceptionally grateful for their support."
Philippe Couvrecelle, founder and CEO of iM Global Partner, added: "Zadig Asset Management is a high conviction asset manager with an outstanding long-term track record. We are convinced that our investment in Zadig Asset Management will offer clients worldwide unique access to one of the best performing European equity fund manager."