Industry Updates

Olympia Capital is taking over the management of fund of hedge funds of Sal. Oppenheim France

Tuesday, August 31, 2010

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Opalesque Industry Update – Olympia Capital is taking over the management of the fund of hedge funds of Sal. Oppenheim France (Deutsche Bank group)

Olympia Capital Management is taking over the financial management of the fund of hedge funds of Sal. Oppenheim France and notably the Altipro mutual fund range governed by French law. This operation was approved by the AMF on August 23, 2010.

For Laurent Dupeyron, Chief Executive Officer of the Olympia Group, “this merger will contribute to the Group’s development strategy and broaden our French regulated fund offering at a time when it is clear that our customers are seeking improved transparency and supervision. We are also proud to have been chosen as the fund manager the most suitable to manage the funds in the customers' best interest. We will continue to explore these types of consolidation opportunities when they arise.”

(press release)

Olympia Capital Management
Founded in 1989, Olympia Capital Management is an independent fund of hedge funds manager with $2.2 billion under management as of June 30, 2010. Olympia Capital Management has an international presence, with 60 people in Paris, New York, London and Zurich including an investment team composed of 15 professionals with more than 8 years of experience on average. In addition to its flagship fund, Olympia Star I with a 19 year track record, Olympia offers investors a large range of alternative multi manager funds: both multi-strategy and thematic, as well as customized and sub-advisory portfolios. paulinefaucherand@olympiagroup.com.

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