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Exclusive: PM exits French boutique & drops €1.3bn flagship fund

Exclusive: PM exits French boutique & drops €1.3bn flagship fund

La Financière de l’Echiquier portfolio manager Kevin Guillot has left the French firm after being let go less than six months into his role, Citywire Selector can reveal.

Guillot was hired as co-lead manager of the group’s flagship Aggressor fund in June 2017. 

It is understood that the company removed him from the fund in November 2017, in a move which leaves Guillaume Dalibot as sole manager on the fund.

His exit marks the second portfolio manager departure in a year for the €1.3 billion equity fund, which saw lead manager Damien Lanternier exit the boutique in January 2017.

Guillot joined the Paris-based group from Verrazzano Capital, which is currently undergoing structural changes as the boutique's founder and former Gartmore star Guillaume Rambourg announced his retirement this month.

Guillot spent five years in the London office of the group and was responsible for equity analysis up until his March 2017 departure. Prior to that, he spent a similar length of time at Zadig AM as an equity research analyst.

In June, he was recruited by the French group with a view to working at the heart of upcoming projects, which Citywire Selector understands included the launch of a long/short fund.  

The now-sole lead manager Dalibot joined the French group from Alken AM in October 2016. This had seen Dalibot briefly work alongside contrarian fund manager Lanternier.

However, Lanternier stepped down at the start of last year, relinquishing control of the fund to Dalibot and cutting ties with the French group.

In September 2017 he joined rivals DNCA, to sit within the portfolio management team overseen by veteran Jean-Charles Mériaux.

Over three years to the end of December 2017, the Echiquier Agressor fund returned 23.86% in euro terms. This is while Citywire-assigned benchmark, the FTSE World Europe TR EUR, generated returns of 21.70% over the same timeframe.

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