Lombard Odier Investment Managers has taken on a global equity strategy from Credit Suisse, as part of a deal between the two firms.
Assets from the €236 million Credit Suisse (Lux) Global Prestige Equity fund will be invested in the LO Funds - Global Prestige strategy, which will be launched on 26 June 2018. The strategy will invests in luxury products and services offered by premium brands.
Citywire A-rated Juan Mendoza will join Lombard Odier from Credit Suisse to manage the new fund. He will be assisted by Ingrid Nouhaud, an analyst in the high conviction equity team at Lombard Odier.
Mendoza will continue to run the fund as he has done since 2009 at Credit Suisse. The Global Prestige fund will run a concentrated equity portfolio of between 30 and 40 companies.
Head of equities at Lombard Odier IM, Didier Rabattu, said: ‘The investment philosophy is in line with our Discounted Excess Economic Return approach. The Global Prestige fund is an ideal complement to our already well-established expertise in the field of thematic investments, covering the brand, luxury and consumer sectors.’