The full article on gulfdailynews January

Even if the announcement of the creation of H2O Asset Management took place in full summer torpor, the new has not gone unnoticed. Natixis Asset Management is part and will be the majority shareholder. The founders, Bruno Crastes, forty-five years, and Vincent Chailley, thirty-eight years, are two former managers stars of Credit Agricole Asset Management. However, the choice of domicile company in London required a certain reserve, at least as long as the Financial Services Authority (FSA) did not give his approval.

It is now made since Christmas. Beautiful gift for the initiators of this project! Now, they will be able to capitalize on their English history which starts at the end of the 1990s. At the time, Bruno Crastes part in London with four other managers, including Vincent Chailley, install in the London of Credit Agricole Asset Management subsidiary, international rate management team and mount products VaR (value at risk"). The range of absolute performance Fund is an unprecedented success and managed stocks go up to almost 50 billion euros in June 2007, up to what the financial crisis of 2008 undermines this policy.

Liquidity risk

"The products very well crossed the crisis, if one analyzes the performance on a suitable horizon, i.e. between January 2008 and December 2009, two inseparable years, due to the dislocation of markets after the bankruptcy of Lehman Brothers", defends Bruno Crastes. The Manager, who left the full create Amundi group, April 4, 2010, for this entrepreneurial project, drew lessons from the crisis of 2008. "She has unveiled a new risk: liquidity risk, a risk very evil apprehended by conventional statistical models, hence the choice of the H2O AM name for Corporation, book.". Without good management of liquidity, it can be long-term performance. "Carrier of the project were chosen to make the management"global macro","This means that managers operate on all the markets that seem interesting at a time with a level of risk and liquidity defined ".

"Natural" domiciliation

The full range of H2O Asset Management products is currently being accredited by the AMF. If the star Manager for him a history of performance of twenty years, he has with his partner Vincent Chailley, who co-manages the VaR products from the origin, history of joint collaboration in thirteen years. Because of this, he had a "seed money" (seed capital) comfortable on the part of the shareholders and institutional French and foreign. According to our sources, it would be 100 million euros, a figure that the company does not wish to comment on. She hopes quickly reach EUR 1 billion. With one goal: "We think put a ceiling around 20 billion euros of total outstanding," he added. As required by the FSA, they put their own money in society and in their management.

The choice of London for domiciliation made naturally. "It is a choice we made 12 years ago, because London is a key to our business," says Bruno Crastes. The partnership with Natixis Asset Management, it is more thoughtful. It indeed gives him a capital-intensive, commercial and logistics base. "Of Natixis Global fact affiliates, we benefit from its international distribution network, describes it. Our model was not that of an isolated store. "The customer is in fact quite large:" French and international, institutional and private banks. "

The full article on gulfdailynews January. frlesechos. FR