iM Global Partner Invests In Zadig Asset Management
iM Global Partner, an investment and development platform which acquires minority strategic investments in asset management companies, is to take a 20% interest in Zadig Asset Management, a European equities specialist with $1.8bn in assets and 15 employees based in London and Luxembourg. The investment will be iM Global Partner's first that manages European equities.
Laurent Saglio, Founder and Partner at Zadig Asset Management said: “We are thrilled by this partnership with iM Global Partner. We will pursue our growth path by extending our range of products with the addition of new talents. This expansion will be true to our investment philosophy: active and concentrated stock picking to generate alpha in all market conditions. For this, iM Global Partner is an excellent partner, bringing distribution, business support and a sophisticated appreciation of the investment management industry. This is what we need to keep growing for the benefit of all Zadig’s historical stakeholders to whom we remain exceptionally grateful for their support.”
Philippe Couvrecelle, founder and CEO of iM Global Partner, added: “Zadig Asset Management is a high conviction asset manager with an outstanding long-term track record. We are convinced that our investment in Zadig Asset Management will offer clients worldwide unique access to one of the best performing European equity fund manager.”
Zadig will continue to run its operations independently and manage its portfolios using the same active and concentrated stock picking approach developed by its founders since the 1990s (prior to its founding). Under supervision of Pierre Philippon, Zadig’s third partner, Zadig Asset Management grew its UCITS and institutional assets by 40% annually over the past five years. 90% of the firm’s AUM is managed for institutional investors.
The acquisition is subject to applicable regulatory requirements, including the approval of the Luxembourg regulator, the Commission de Surveillance du Secteur Financier.
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