10/12/2010
Rothschild & Cie Gestion sets itself ambitious objectives
In a meeting with Newsmanagers, Jean-Louis Laurens, managing partner, and Arnaud Perrier, director of development at Rotschild & Cie Gestion, discuss the plans which the management firm has for the near future, especially on the emerging markets. “We now have a fund of funds on these markets,” says Laurens, “but it must be admitted that it does not represent the management of our own firm.” The firm, aware of its late arrival on the market, is looking for an originality to set itself apart. The idea is to form partnerships with “local” management firms in some emerging markets, in order to profit from the high savings capacities in several countries, and their successes as exporters. Local managers will identify opportunities via a selection of shares, and Paris will handle the geographical and asset allocation. The project is at an advanced stage, insofar as discussions have already taken place with several emerging countries.As additions to the fund product range, the firm is also looking at alternative multi-management – but not necessarily in France, nor on the European continent, but most likely on the US market.Laurens also discusses the recent sale of the Sélection R platform, and explains that the sale was part of a natural “refocusing” of the asset management firm on the advising and management professions. “Operating the platform costs capital and a lot of administrative energy to manage,” he says. In addition, the platform, based on completely open architecture, was not a high-performance way to sell the house funds.” The situation will develop more favourably in the future. It will allow Rotschild & Cie Gestion to increase assets from EUR22bn currently, to EUR30bn by the end of 2014, according to the objective set by the directors of the firm.
