French boutique Anaxis Asset Management has reshaped the line-up on its flagship European equity fund following the departure of Benoit Ducatillon, Citywire Selector has learned.
Ducatillon ended his three-year stint with the Paris-based group at the end of April and relinquished his role on its flagship European equity fund, AAM European Equities fund.
His exit sees co-manager Pierre Giai-Levra step into the hot seat as lead on the France-domiciled fund, while founding partner Jean-Julien Goettmann has also been added in a management capacity.
It was not revealed whether Ducatillon, who joined Anaxis AM from Comgest in 2013, intends to stay within the asset management industry.
Anaxis AM has focused primarily on fixed income in recent months, which includes a spate of target-maturity bond fund launches designed to capture shorter-term appetite for yield-generating funds.
The Ucits-compliant AAM European Equity fund – which is registered for sale in Spain, Switzerland and Italy – returned 22.1% in euro terms over the three years to the end of April 2017. Its Citywire-assigned benchmark, the FTSE World Europe TR EUR, rose 22.5% over the same timeframe.