French UCITS M&A Fund Marks Birthday With $80M AUM

Nov 29 2010 | 10:15am ET

The Lutetia Patrimoine Fund, a Paris-based UCITS absolute-return fund specializing in merger arbitrage marked its first birthday with a 26-fold increase in assets under management, which now stand at about $80 million.

A first offering from independent asset manager Lutetia Capital, the weekly dealing Patrimoine Fund was launched Nov, 27, 2009, with $3 million.

Lutetia Capital co-founder Fabrice Seiman said: “We launched the Lutetia Patrimoine Fund with the goal of democratizing hedge fund strategies, using a strategy that is rare among UCITS funds. We have shown not only that our strategy can work, but that it can excel in delivering consistent, risk-adjusted returns to investors—within UCITS guidelines for transparency and liquidity. As we always say, slow and steady wins the race. With the M&A cycle continuing to accelerate, we see great things for this fund.”

The Lutetia Patrimoine Fund is available through its custodian, BNP Paribas.
 


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of