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Diego Fluxa By Benedicte Gravrand, Opalesque Geneva:

Paris-based fund of funds manager Rothschild & Cie Gestion is undergoing a face-lift; part of its plan is to acquire a fund management company in the near future, and to seek partnership with a managed account provider, Opalesque can reveal exclusively.

Diego Fluxa, head of alternative investments at Rothschild & Cie Gestion, the asset management arm of the Rothschild Group in Paris, France, announced this during the latest Opalesque Roundtable. The France Roundtable took place in Paris last month and was sponsored by Lyxor Asset Management and Eurex.

Rothschild is one of the world’s largest independent financial advisory groups, employing 3,000 people in 42 countries around the world. The group, started investing in hedge funds some 30 years ago, and initially served HNWIs. It is now working more with institutions, and, like may fund of hedge funds (FoHF) houses, it is currently reviewing its business model to adapt to the changing landscape.

"Rothschild & Cie Gestion's new business model is not totally fixed, we are still discussing the details," Fluxa said at the Roundtable. "I believe you can say that we started out with the basic observation that, to a certain extent, the classic fund of funds business model is broken, at least … in continental Europe. So is the single manager busi......................

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