After starting in fundamental financial analysis for investors, working with Professor Bertrand Jacquillat at the firm Associés en Finance, I was recruited as an investor by the Allianz group. I soon realised that the constraints involved with this type of structure were not compatible with my own vision of investment. By way of contrast, at Clartan Associés I found a client oriented basic management culture and a continuous searching for product excellence. What is more, I also found that there is a real entrepreneurial spirit at the company, which is still being nurtured, and a company culture where the development of the company and the person go hand in hand.
Training: ESCP Europe / Diplom-Kaufmann (Technische Universität Berlin) / Training centre of the SFAF (French Society of Financial Analysts)
Languages: French, English, German
Having started my career with audit and consultancy group PwC, I moved into financial analysis with a well-known private bank in Geneva. I then moved into the world of investment banking in London at a Swiss equity broker, first as an analyst and then as Head of Sales. Having gained experience with a similar company, providing pan-European coverage, in London, I joined Clartan Associés in 2016 in order to strengthen the team at the Swiss subsidiary. Alongside my main professional activity, I teach company valuation at the University of Lausanne, as Course Leader in a Masters programme at HEC Lausanne.
The professionalism of the management team, the collegiate approach to the investment process and its human values all allow Clartan Associés to set itself apart as an investment manager.
Training: Masters in finance HEC Lausanne, CFA Charterholder, US Certified Public Accountant
Languages: French, German, English
I joined the ranks of Clartan Associés as an analyst in 2015 following a spell as an intern and my graduation in finance from Sciences Po Paris. My role in the firm is to assist the manager’s team in the scrutiny, valuation and monitoring of the companies that constitute our investment universe. More a craft than a science, valuation obeys principles rather than laws and as is a field of personal fulfillment, an endless quest for perfection. At Clartan Associés I appreciate the investment philosophy combining value investing with team work that limits individual bias. Furthermore, the firm applies rigor and discipline in its decision-making which augurs well for the future and motivates me to take part in its further growth.
Training : IEP de Paris
Languages : French, English, Bulgarian
The sub-fund is SRI-labelled.
Stock selection:
Sectoral
Weapons, tobacco, pornography, GMOs, coal, nuclear, gambling, non-conventional fossil fuels
Behavioural
Major controversies relating to the environment, society, governance, business ethics or products.
ESG & carbon criteria
Best ESG & carbon ratings (scopes 1 to 3 and climate strategy)
Positive impact
Sustainable energy, low-emission travel, sustainable water management, sustainable construction, natural capital, pollution control, circular economy, health, education and sustainable finance.
Voting at AGMs
Systematic use of voting rights at general meetings of shareholders in accordance with Ethos’ guidelines
Dialogue
Engagement in dialogue with management bodies (transparency, influence on specific ESG themes, etc.)
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Number of units
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95,749 |
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Sub-fund net assets
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€34,230,165 |
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ISIN Code
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LU2225829204 |
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Dividend policy
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Capitalisation |
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Custodian
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Banque de Luxembourg |
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Valuation
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Daily |
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Administrator
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EFA |
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Advisable holding period
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Over 5 years |
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UCITS creation date
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18/09/2020 |
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Management fees and other administrative or operating costs
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2,23%, of which 1,80 % management fee |
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Entry fee
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3 % (maximum - Not earned by Clartan Associés) |
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Exit fee
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Nil |
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Performance fee
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Nil |