The Geneva-based asset manager Unigestion and the French financial services provider Kepler Cheuvreux have agreed a strategic partnership in asset management for institutional clients.
The newly founded joint venture «Kepler Cheuvreux Unigestion Equities» will specialize in quantitative strategies for equities, as detailed in a press release on Friday. The aim is to combine innovation and complementary expertise, particularly in the areas of research and portfolio construction. The partnership will also benefit from Kepler Cheuvreux's commercial strength, it added.
The cooperation envisages several steps. In the first phase, Unigestion will transfer over €3 billion of assets under management in the form of mandates and investment funds, while integrating its entire equity team into Kepler Cheuvreux's operational infrastructure.
Accelerating Development
In the second phase, the two partners intend to create a new jointly owned entity alongside the management team to accelerate the development of this business, in particular through external growth initiatives.
The joint venture will combine fundamental and quantitative research approaches and optimize portfolio management while diversifying and expanding investment strategies. Kepler Cheuvreux will contribute its sales force of more than 130 professionals and a network of 1’300 institutional clients in Europe, the United States and the Middle East.
