From Komfie Manalo, Opalesque Asia:|
La Française AM, which helps asset management entrepreneurs get off the ground, is spinning off part of its alternative business by taking a minority stake in Swell Asset Management, a newly formed asset management company created by Ramé Collin, the company said in the statement on Tuesday.
La Française AM is a European multi-specialist asset management firm with offices in Paris, Luxembourg, Italy and Spain.
Olivier Ramé and his partner Jean-Philippe Collin will be based in Paris, France.
“It is with great pleasure and enthusiasm that I announce today the launch of Swell Asset Management thanks to the support of our former employer La Française AM,” Ramé said. “Swell AM will be regulated by the AMF (i.e. the French Market Authority) and will deploy a GTAA - Global Tactical Asset Allocation – strategy through two UCITS IV funds.” Prior to creating Swell AM, Ramé was the CIO of Alternative Strategies at LFP (a subsidiary of La Française AM) while Collin headed the GTAA strategies within Olivier’s team.
Patrick Rivière, CEO of La Française AM said, “By providing them with significant initial capital alongside with the ability to use LFP’s operational infrastructure, we again demonstrate our ability to seed talented managers.”