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Mid-cap equity specialist exits French boutique

Mid-cap equity specialist exits French boutique

Small- and mid-cap equity specialist Armand de Coussergues has left Paris-based investment firm Financière L’Echiquier, Citywire Global has learned.

De Coussergues joined the asset manager in 2003 and had worked across three funds during his tenure.

Following his departure, which happened over the end of the summer, Financière L’Echiquier named Stéphanie Bobtcheff as the new lead manager on de Coussergues’ former funds.

This sees Bobtcheff, who was formerly with Geneva-based asset manager Pascal Investment Advisers, take over the Echiquier Agenor and Echiquier Fund – Echiquier Agenor MidCap funds.

De Coussergues had previously also overseen the Echiquier Excelsior fund, a France-domiciled small- and mid-cap equity fund. This was taken over by Guillaume Puech in July 2013.

The largest of the funds previously overseen by de Coussergues was the €412 million Echiquier Agenor fund, which he ran between February 2007 and September 2014 and is registered for sale in seven European markets.

This fund returned 37% in euro terms over three years to the end of September 2014. This compares to a rise of 88% by the MSCI Europe Small Cap EUR TR over the same period.

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