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A year and a half following its creation, Acropole Asset Management announces its AUM are at €640m ($936m) as at 31 January 2008, not far from the end-of-year projection of €800m, reported Newsmanagers.com two days ago. It is true that there is a general renewed interest in convertible bonds, and, said managing director Mr. Jacques Joakimides, the firm does not lack liquidity.
Acropole currently offers 4 convertible bond funds; two directional funds and two hedge funds (one of which was launched last month). The firm is now ready to launch another one at the end of this semester; a fund which will invest in Asian (including ) convertible bonds. The idea is to take advantage of that ever growing pool and also to satisfy investors’ demand. Acropole already manages Asian convertible bonds within its global funds but a specialist manager will join the team soon and run the new fund.
Up until now, Acropole funds have been mainly sold to French institutional investors. But the firm wishes to expand and diversify its client pool, in segments and geographically. Mr. Marc Auchabie has recently joined Acropole, rejoining the firm’s founders whom he had met in 2000 at Fortis Investments. He will target multi-managers, private banks, CGPI platforms. On the international level, Acropole will launch a range of OPCVM (body of collective investments in equities: ...................... To view our full article Click here
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