Paris – December 18, 2024
iM Global Partner (iMGP) has announced the launch of a new Eurozone equities fund, iMGP Euro Select Fund, to be managed by its Partner Zadig Asset Management (Zadig), a European equity specialist. This multi-cap fund will focus on Eurozone companies and is planned to be a “one stop shop” for clients who wish to gain access to the best ideas of Zadig Asset Management.
It will be co-managed by seasoned portfolio managers Francesco Rustici (mid and small caps) and Régis Bégué (large caps).
Francesco Rustici is lead manager of the Memnon Opportunities Fund and brings over 28 years of experience to the fund. Régis Bégué is currently Partner of Zadig Asset Management and the co-manager of the Memnon European Equity Fund and has more than 29 years of experience. He joined Zadig in April 2024 after a successful career at Lazard Frères Gestion where he was Managing Director and responsible for running €10bn in client assets (in 2023) of which €6 bn was in European equities.
The Zadig team believes in truly active management and focuses on high-conviction investments and opportunistic stock picking with a style-neutral approach. The fund will be built on a valuation-driven, bottom-up process and will have balanced exposure to cyclical, growth, defensive and financial themes, investing in those companies offering, what the Zadig team believes to be, are among the best risk/return profile.
The fund has a multi-cap, blend style and has a high focus on alpha generation. The current portfolio holds 40 stocks (and can go up to a maximum of 50). It will maintain a minimum of 50% exposure to large caps and a maximum of 50% exposure to mid caps with a significant focus on liquidity.
The fund will be SFDR1 Article 8 and, for French investors, it will comply with the PEA (Plan d’Epargne en Actions) rules. Local registration for retail distribution is currently ongoing.
Francesco Rustici said: “The fund is designed to capitalize on the growth and opportunities that we are seeing in the mid-cap space while also retaining the stability of exposure to larger companies.”
Régis Bégué added: “We are proud to launch this carefully curated portfolio, composed of companies that we believe are the most able to generate value in the future. Our goal is to deliver sustainable performance while managing risk responsibly.”
Julien Froger, Managing Director – Head of Europe, iM Global Partner said: “This new fund provides an opportunity for investors seeking the best ideas of Zadig Asset Management in one solution. Both managers have many years of experience (28 and 29 years respectively) and are known for their quality stock picking skills.”
About iM Global Partner
iM Global Partner is an asset manager with a difference. We are a dynamic network of specialist boutique investment managers, delivering best-in-class solutions, across asset classes, to our discerning Institutional and Professional Investors across the globe. We are proud to call these businesses our Partners and they are the essence of what iM Global Partner stands for: uncovering what we believe to be the best, the very best investment talent. We had around USD $45 billion assets under management as of end September 2024.
For more information, visit imgp.com or follow us on LinkedIn.
About Zadig Asset Management
Zadig Asset Management is a leading European investment firm that applies rigorous valuation and governance criteria to active, concentrated equity investing. It runs UCITS funds and managed accounts for institutional investors seeking high-conviction investment ideas to deliver performance. As of end September 2024, the firm managed US$1.32 billion for institutional investors, private banks and family office clients in Europe and the US. For more information, visit https://www.zadigfunds.com
Media Contact
1SFDR Article 8 funds promote/integrate environmental and/or social characteristics and incorporate good governance practices into their investment strategy. More information on sustainability-related characteristics and/or objectives can be found here : https://www.imgp.com/en/sustainability.
Disclaimer
This is a marketing communication. It is not a binding contractual document or an information document required by law. The information contained in this document does not constitute an offer or recommendation to buy or sell units of the fund and is not sufficient to make an investment decision. Please refer to the fund’s prospectus and KID before making any final investment decision. These documents, containing full information on the risks associated with the investment, as well as a summary of investor’s rights, are available in English on www.imgp.com or from the iMGP offices at 5, Allée Scheffer, L-2520 Luxembourg, Grand Duchy of Luxembourg. The investment concerns the acquisition of units or shares in a fund and not in a given underlying asset. Investing puts your capital at risk: investing in equity securities may offer a higher rate of return than other investments. However, the risks associated with investments in equity securities may also be higher because the performance of equity securities depends upon factors that are difficult to predict. Historically, equity securities have provided greater long-term returns and have entailed greater short-term risks than other investment choices. More information on www.imgp.com.