Clémence Moullot

EDRAM is an active, long-term manager which focuses on consistency and follows a blend of opportunistic, growth and value investment styles. Their investment approach is value-oriented and conviction-based with limited attention paid to specific benchmarks. They select securities based on a bottom-up approach supported by in-house fundamental research. The firm manages portfolios invested in equity and convertible bonds as well as balanced funds. They invest the bulk of their assets in European equity complemented with Asian and emerging market equity as well as marginal investments in US and global stocks. Convertible bonds represent a minor proportion of their portfolio.

ALMGA is a risk-conscious manager which combines active and passive approaches and relies on diversification across asset classes to enhance returns while limiting risks. The Marseille office specializes in equity investments, while fixed-income and multi-manager strategies are managed out of the Paris office. The firm invests a major part of their assets in fixed-income, complemented with near cash, equity and alternative investments, in particular private equity, in which they invest indirectly, through funds covering a wide range of segments (LBO, expansion financing, turnaround, venture capital and co-investments).