31/08/2010
Prigest seeks closer ties with institutional investors
The independent management firm Prigest, led by Christian Cambier, a figure in the collective management industry, which has EUR700m in assets under management but which is nearly exclusively aimed at private clients, is planning to accelerate its development by turning to institutional investor clients. To do this, it will be making a number of changes. Firstly, the management team, which as of the end of 2009, only included three managers, will be enlarged to manage a range of five funds. Matthieu Rolin, a former manager from Olympia Capital Management, joined the firm in May 2010. Major investments have also been made this month in portfolio and risk monitoring. “The structure of the whole thing is largely in place,” says Cécile Imbert, “but make no mistake: though we are industrialising risk management, asset management itself will continue to be based on pure stock-picking.” Management will be conducted in a more collegial manner. Opening the funds to other investors will not change the nature of the long-only management approach which has been the secret to the management firm’s success. The management firm is also adapting to profit from irrational movements on the markets, by adopting positions at advantageous times in order to make gains.
