La Française AM Seeds Asset Manager Swell AM

Jan 10 2012 | 12:52pm ET

La Française AM (formerly UFG-LFP group), a French asset manager with over €30 billion AUM, will stake two of its former employees in their new venture: Swell AM, a boutique asset manager.

The new venture will be headed by Olivier Ramé, the former head of alternative investments at La Française des Placements (which became part of La Française AM in July 2009) and Jean-Philippe Collin, a former portfolio manager at La Française des Placements.

Ramé and Collin have received US$115 million in seed funding from La Française AM for their new enterprise which will manage two global macro UCITS IV funds. La Française AM will take a 25% stake in the new firm and allow it to use the IT, middle and back-office infrastructure of its asset management arm.

Ramé will serve as president of Swell AM, focusing on business development and risk management while Collin becomes chief investment officer.

Said Ramé in a statement, “Thanks to our backgrounds, values and skills, Swell AM will construct and promote innovative products that combine unbiased analysis, independent investment process, market reactivity and risk management discipline. Our goal will remain to offer attractive risk-reward returns with no structural correlation to financial markets.”

Xavier Lépine, chairman of La Française AM's board of directors, told Investment Europe: "Swell AM's venture focusing on tactical asset allocation is pertinent for us, and more importantly we have seen the quality of Ramé and Collin's work over the course of several years. This is why we agreed to work with them on this project by proposing a partnership deal.”

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