Citywire AA-rated manager and fund selector favourite Eric Bendahan is moving his entire boutique operation to Paris.
The move will see Eleva Capital formally relocate from London along with the majority of its 15-strong staff over the course of June and July, it is understood.
Bendahan formed Eleva Capital in September 2014 after parting company with Syz Asset Management, where he had worked for almost nine years overseeing its flagship European equity funds. Prior to that he had been at AXA IM.
According to a source familiar with the matter, the decision to move the firm is driven by a willingness to capitalise on better growth potential in the French market over the mid-to-long-term.
It is also understood that once the transition is complete, Eleva Capital will look to launch a third Europe-focused equity fund but one dedicated to the eurozone equity market.