Sébastien Lemonnier has left French boutique firm Mansartis, Citywire Selector has learned.
The manager had overseen the Mansartis Europe fund, which is aimed at France-based investors, since January 2014. Lemonnier took over the fund from Philippe Chauviré, who had managed it since January 1999.
A spokesperson for the company confirmed Lemonnier’s departure and said that the firm had not decided who would take over responsibility for Lemonnier’s fund, which has around €25 million in assets under management.
Lemonnier joined Mansartis in 2014 from Tocqueville Finance, where he had worked since 2003. He started as a financial analyst at the firm and also managed the Tocqueville Value Europe fund from 2006 onwards.
Over three years to the end of March 2017 the Mansartis Europe fund lost 20.14% in US dollar terms. This compares to a fall of 2.76% by its Citywire –assigned benchmark the FTSE World Europe TR over the same time frame.