ABC ARBITRAGE
On 22 July 2014, ABC arbitrage Asset Management was approved by the French securities regulator, Autorité des Marchés Financiers (AMF), to act as an Alternative Investment Fund Manager (AIFM).
Created in late 2003, ABC arbitrage Asset Management is a wholly-owned subsidiary of ABC arbitrage that is authorised under AMF license GP-04000067 delivered on 28 December 2004 to manage qualified investment funds under management mandates and to market and manage investment funds incorporated outside France. The new license will not have any impact on the company's previously authorised programme of activity, which will now be carried out in accordance with Directive 2011/61/EU.
The investment objective of the funds, which deploy arbitrage trading strategies already successfully developed by the ABC arbitrage Group, is to deliver returns which are independent of any market movements. Today, the company offers a diversified catalogue of seven investment funds under the umbrella of ABCA Funds Ireland Plc and intended for qualified investors. Assets under management totalled €256 million at 1 July 2014.
Dominique Ceolin, Chairman of the ABC arbitrage Group, congratulates his teams for obtaining the authorisation. "Already recognized by investors for the quality of its processes, ABC arbitrage has now seen its ability to adapt to new European regulations confirmed by this approval, which offers our asset management company a new competitive strength. I am convinced that this license is a significant stepping stone in the construction of our Ambition 2016 program."
Contacts: http://www.abc-arbitrage.com/
Communication: Julien Aumont: +33 (0)1 53 00 55 00 /actionnaires@abc-arbitrage.com
PR: VS E-MEDIA - Valérie Sabineu: +33 (0)6 61 61 76 73 / v.sabineu@gmail.com
|
distributed by
|
