Wed, Aug 10, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

VIA AM1, selected by Emergence2 for its 16th investment

Monday, September 18, 2017
Opalesque Industry Update - Emergence, the incubator and accelerator for entrepreneurial managers in the Paris market, and NewAlpha Asset Management, the SICAV's delegated manager, have announced the selection of VIA AM(1) as the first investment by Emergence's new European equities fund, launched in June 2017 with a target of €300 million, now closed to subscriptions.

Emergence will put €50 million into the fund VIA Smart Equity Europe the biggest investment made by Emergence since its inception in 2012. The VIA Smart Equity fund was launched in March 2016 and targets long-term outperformance of the MSCI Europe, net dividends reinvested, with a similar risk profile.

This injection will take the VIA Smart Equity Europe fund above €150 million of AUM, giving it critical mass to build up its base with international investors, and will add the caché of the Emergence label awarded by the SICAV's Investment Committee composed of France's leading institutional investors.

VIA AM has developed systematic equity and absolute return strategies based on proprietary technology that systematically analyses the economic and accounting data of 3,000 listed companies across the world (including 600 in Europe). The approach yields an exceptionally objective financial analysis and facilitates inter-company comparisons.

This "economic accounting" gives a better analysis of companies' profitability and value before any selection across a very wide universe. Accounting standardisation means VIA AM can limit risks of errors of judgement and free itself from reliance on traditional accounting ratios.

Less than 18 months after its creation, the company now has a range of 4 funds (European, US and global equity and multi-strategy absolute return) with a total of more than €450 million under management.

Thanks to its founders' track record and distribution through Eric Sturdza Group, VIA has attracted interest from investors mainly based in France, Switzerland and Luxembourg who have contributed to the firm's rapid growth.

VIA AM was set up in 2015 in France with the support of Eric Sturdza Group and by its founders Guillaume Dolisi, Laurent Pla and Mauricio Zanini. Guillaume and Laurent have together successfully developed a number of systematic investment strategies at BNP Paribas CIB, having worked respectively as head of Long/Short Equity trading and head of quantitative research at Société Générale Securities. The third partner, Mauricio Zanini set up his own research house after 10 years' experience with Deutsche Bank in accounting restatement.

Like their previous investments with young French investment management firms, the partnership between Emergence, NewAlpha and VIA AM offers investors in the Emergence SICAV a combination of performance by a selected fund and a stake in its expansion through a revenue-sharing mechanism.

VIA AM is the 16th company to be incubated or accelerated by Emergence through its three sub-funds dedicated to equity and absolute return. Since 2012, Emergence has raised and invested €670 million. The selected managers, who are now Emergence partners, have seen AUM grow by 2.4 times following the SICAV's investment. They currently manage around €5.2 billion, 55% of which comes from international investors.

The Emergence initiative helps bolster the reputation of French entrepreneurial managers and boosts the attractiveness of the Paris market as a competitive location for the European asset management industry.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  2. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  3. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  4. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  5. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du