Paris, Île-de-France, France
25-year-experienced investment professional in financial markets, including 25 years as a Portfolio Manager (Socially Responsible Investment (ESG), Multi-Asset, Managed Futures, Equities, Long-only, Long/Short Equity). Head of ESG at Turgot AM (implemented the SRI process). Portfolio manager of Turgot Absolute Return since March 2nd, 2020, a Systematic Macro portfolio with a mid to long-term time horizon, no leverage and some judgemental in management process. Q1 over 3 years (since lauch) in Bloomberg's "Dynamic Allocation" category; very weak volatility and drawdowns. Nominee at the Citywire Paris Awards 2019, category Best Fund Manager over 3 years, Equity Europe. Top quartile performances within the European Equities category on 1y, 3y and 5y, Morningstar. Multi-asset expertise : Equities, Convertible bonds, General and Sector Indices, Emerging Markets, Currencies, Commodities; Quantitative / Fundamental approaches; Long-only funds (SRI; Special situations) / Alternative funds (CTA; L/S Equity). Strong interest in ESG matters (13 years) "Learning never exhausts the mind" (Leonardo Da Vinci)
Turgot Absolute Return, Portfolio Manager (ISIN: FR0010917674) since 02/03/20. Net perf: +3.39% in March 2020; +2.6% during S1'22. YTD performance (as at 15/11/2022): -2.73% with core strategy up by 4.28% YTD (The UCITS regulation demands huge bond holdings for a fund of futures, which was obviously harmful). No leverage Prior to this launch, 7.5 years of live-testing with a +82.32% net global performance. 8.75% net annualised return with 4.96% annualised volatility; Sortino ratio: 1.7; Average Win/Average Loss ratio: 2.64x; 76.5% of winning months; Max. drawdown: -3.91% [All stats from 01/01/2013 --> 28/02/2020] Working for 16 years on automated trading systems & building multi-asset L/S strategies with >20 years of backtesting whenever possible. Positions generated by signals were managed in real market conditions with extremely strict risk monitoring. * Traded Markets: Futures contracts (indices, govies, commodities), Equities, FX, Convertible Bonds, Options. Real edge on relative performance trades * Approach: Quant, Technical and Fundamental; Top-down & Bottom-up; Allocation & Selection Developing innovative multi-asset products/strategies aiming to ensure absolute returns with low volatility in different market environments Setting up the ESG / SRI strategy for Turgot Asset Management's funds: quant approach (Best In Class, Best Effort, exclusions), themes, impact investing, engagement
2010 - 2019 * Socially Responsible Investment (SRI): >10-yr focus on Environment, Social and Governance issues. Exclusion, Best-in-class quant approach + qualitative ESG analysis * RI fund and mandate manager, o.w. Employee savings schemes (€3.7bn of assets under management; lead manager on Label Europe Actions, AXA Génération Europe Actions, AXA ISR Europe Actions, AUM: €550m; backup manager on AXA Euro Valeurs Responsables, AWF Eurozone RI and AWF Human Capital, AUM: €900m). Label Europe Actions, AXA ISR Europe Actions and AXA Génération Europe Actions rank Q1 over 1yr, 3yrs and 5yrs in the Morningstar European equities category (2019). * Top-down analysis (sector allocation) using quant proprietary methodology. ~85% win rate for signals * Covering European Consumer (Food, HPC, Retail, Luxury), Media, Transport & Engineering companies for AXA Framlington (large and formerly mid caps) * Analysis of Emerging Markets momentum (quant approach) 2008 - 2010 * Manager of an internal L/S Equity portfolio (European equities) using CFDs, Equity swaps and additional dynamic hedging [AXA IM XP Alpha European Opportunities], Market Neutral, without leverage; good performances vs. peers 2006 - 2010 * Equity portfolio manager focused on event-driven and special situations within a 3-person team. Funds: AXA Europe Opportunités, AWF European Opportunities and AWF II Continental European Opportunities
Management of World/European (Barclays World Equity PEA, Euro Blue Chips) and French (Barclays Actions France) equity funds Buy-side analysis on various sectors: Tech, Media, Support Services, Utilities