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Bertrand Gibeau Benedicte Gravrand, Opalesque Geneva:
Rothschild buys Héritage A.M.
Here is an instance of two fund of funds houses getting it together. Rothschild & Cie Gestion, the asset management arm of the Rothschild Group in France, finalised last week its acquisition of Héritage Asset Management with Héritage’s founder and main stakeholder Laurent Levenq.
According to NextFinance.net, Paris-based Héritage runs independent portfolios and is registered with the Autorité de Marchés Financiers (AMF), the French regulator. Founded in 2003, it currently manages a total of €65m ($86m) in three OPCVM (portfolio of investment securities) of alternative funds, two ARIA III (domestic) funds, and one mandate.
Levenq’s LinkedIn profile says that Heritage Asset Management has established a significant reputation in the management of funds of alternative funds registered in France and elsewhere.
Rothschild & Cie Gestion offers investment management services covering the full range of European assets as well as balanced funds, and manages funds of funds (equities, thematic, fixed income, balanced, hedge funds).
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