The best European managers have combined convictions and risk management


While the markets are currently showing feverishness following the bank failures in the United States, the year 2022 will be remembered by market professionals as the year in which almost all asset categories (equities, bonds, etc.) fell. simultaneously.

For three years, the markets have been rodeoing! The 2020-2022 period, over which the firm Fundclass studies the performance of funds for the European Funds Trophy, which rewards the best European management companies, includes the pandemic and its consequences. On the stock market, it covers a turbulent year (2020), a good year (2021) and a terrible year (2022).

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The 2022 vintage of this ranking rewards eight French management companies according to the size of their range of funds: SPPI Finance, Gay-Lussac Gestion, Schelcher Prince Gestion, SMA Gestion, Carmignac Gestion, Ecofi Investissements, Groupama Asset Management and Lazard Frères Gestion.

These last two players, as well as Comgest, have also been awarded a Fundclass trophy for the regularity of their performance over time. We therefore find in this list a large part of the winners of the previous year. Varenne Capital Partners, AG2R La Mondiale Asset Management and Pro BTP Finance are nevertheless giving up their chairs, carried away by the turmoil of the markets in 2022.

Among the newcomers, Schelcher Prince Gestion and SPPI Finance, two companies with a common history. The first is a 100% subsidiary of Crédit Mutuel Arkéa. When the mutual group took a stake in the capital in 2011, the private management activity had not been retained.

Some managers of the company, including its CEO and co-founder, Christian Prince, had then created a new shop to take over this activity, called “SPPI Finance”. Which remains relatively confidential today, since it manages 300 million euros in assets, against 8 billion euros for its elder, Schelcher Prince Gestion. “We manage capital from individuals, associations and small institutional investors, and we have also developed a range of five funds”, says Eric Grolier, Managing Director of SPPI Finance. The latest, Belharra Club, is a flexible fund with an international dimension.

A long-term approach

Schelcher Prince Gestion has built its reputation on high yield bonds and convertible bonds, with a clientele of institutional investors, distributors and fund selectors. “Today, we are a global manager, underlines its leader, Adil Amor. We have an activity on unlisted markets, on private corporate debt and infrastructure debt, which weighs 2.3 billion euros. On the capital markets, we have decided to launch an expertise on European equities at the start of the year. »

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