What guides us
We are all far more passionate for enterprises than for the stock market. Long-term investment creates collective wealth, both for companies themselves and for their shareholders. To us, long-term investment also offers an opportunity to multiply contacts with companies and their market environment, and better understand the way they work.
We are a financial services company, not a bunch of magicians who can make your savings grow behind closed doors. Investors must have the ability to measure their risk: our clients have a right to know. Know who we are investing in (our monthly Newsletter), why we are investing (our Focus on Companies), know about our mistakes and the lessons learned (our annual Performance Report). This is the way we work as a team: disclosing our research, our successes and our failures creates a duty of prudence, discipline and modesty. Asset management is an exciting pursuit, because it is an ongoing learning process, but can only be done properly by using the right tools. Transparency is our tool.
A team, tools: Investing – even on the stock market – is not a divinatory art; it is the result of a sound methodology fueled by data and teamwork. Historically, data has been scarce and collecting them has been time consuming. Our activity has long remained artisanal and uncertain. The multiplication of data has made their sorting and prioritization crucial. This is why we have invested heavily in the latest technological tools. This makes our investment process more reliable, and allows team members to focus on what the machine can’t do: make a decision.
We are long-term investors in the share capital of companies, and are therefore looking for investors who are equally patient and do not make decisions based on the market’s twitching. Our compensation must be consistent with our partnership-based approach: TRANSPARENT and ALIGNED WITH THE INTERESTS OF OUR INVESTORS. This is why neither of our funds charges transaction fees, and we were the first Paris asset management firm to apply the High-Water Mark principle to our funds.
And we eat the soup that we sell : the team has invested in the funds , and our small savings represent over 2% of the assets we manage! In addition, from 2018, our Company Savings Plan will be mainly invested in house funds, and , variable remuneration will be partially paid in fund units.