05/01/2011
EUR90m in inflows for Dorval Finance in 2010
p { margin-bottom: 0.08in; } The independent management firm Dorval Finance last year earned net inflows of EUR90m, of which slightly over EUR50m were for Dorval Manageurs, whose assets now total EUR167m, the firm announced on 4 January at a press conference. Assets under management now total over EUR350m in management mandates and mutual funds. These assets are evenly divided between institutionals, private bankers and independent financial advisers, who represent one third of assets each. In addition to its distribution partnership with Natixis AM, Dorval Finance is planning to develop its presence internationally, via new partnerships with insurance platforms and release of its mutual funds in Belgium, Italy, Luxembourg and Switzerland. Dorval Finance is, however, not planning to extend its fund range in the near future. In addition to Dorval Manageurs, the range includes Dorval Convictions (EUR128m in assets under management), Dorval Convictions PEA (EUR14m), Dorval Flexible Monde (EUR9m), and Dorval Flexible Emergents (EUR8m). And despite the financial crisis, returns are decent. Dorval Managers has earned returns of 16.4% on one year (compared with -3.3% for the CAC 40) and 38.4% since its inception in 2005 (compared with -6.1%). Dorval Convictions earned gains of 1.1% last year (compared with -5.8% for the EuroStoxx50), and 8.7% since its creation in 2007 (compared with a loss of 36.5% for its benchmark index.
