Eric Sturdza drops UK boutique for French ESG strategy citywireselector.comEric Sturdza drops UK boutique for French ESG strategy citywireselector.comEric Sturdza drops UK boutique for French ESG strategy citywireselector.com
Impact Investing Forum 2023
London. May 04-05, 2023.
Eric Sturdza Investments selected Phileas Asset Management, Paris, as an investment advisor for its Strategic Europe Quality fund.
Phileas, a boutique firm that specializes in European equities, was founded in 2010 by Cyril Bertrand and Ludovic Labal, Citywire +rated managers.
Starting in November 2021, Labal and Bertrand are responsible for the investment strategy and management at the Strategic Europe Quality Fund.
The fund is currently managed and managed by Lofoten Asset Management’s investment team, headed by Willem Vinke. He will be retiring from the strategy after 11 year.
Andrew Fish, Eric Sturdza Investments managing Director, stated: “Their appointment marks a evolution in our flagship European Equity Strategy’s positioning within market, retaining strategy and approach to investing while integrating a robust, forward-looking approach ESG across their investments process.
“We would like to take this opportunity and thank Willem Vinke, his team at Lofoten, for their dedication and commitment over the past 11 year.
Phileas AM launched Phileas Equity Europe, its long-only equity strategy Phileas AM in 2015. It returned 35.7% in euros over the three years to September. Over the same period, Citywire’s Europe Blend sector returned an average of 21.8%.
Sturdza’s Strategic Europe Quality Fund returned 19.5% in the same time frame, compared to an average 41.9% for Citywire’s Equity-Europe Growth sector.
Phileas will continue to manage the fund’s existing pan-European equity portfolio. He will also implement a fundamental, bottom up investment approach across a portfolio that includes 30-40 stocks.
Labal stated that “Investors are changing” and that he looked forward to integrating his robust ESG approach into the fund while maintaining the strong returns that the Strategic Europe Quality fund has delivered over the years.
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