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.”