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Pictet AM adds small-cap manager amid hiring spree

Pictet AM adds small-cap manager amid hiring spree

Pictet Asset Management has bolstered its small-cap equities team with a new hire, the Geneva-based asset management firm has announced.

The company has announced the appointment of small-cap specialist, Cyril Benier, as a senior investment manager. Benier who will work alongside Alain Caffort, who is lead manager on the Pictet-Small Cap Europe fund having joined the Geneva-based group in 2012.

The small-cap hire comes almost immediately after Pictet announced a triple manager hire for its thematic equites team on January 14.

Commenting on the new addition to the small-cap team, Richard Heelis, Pictet’s equity CIO, said: ‘We are pleased to welcome Cyril who has established an impressive track record managing European small cap portfolios for over a decade.’

Prior to his new role, Benier worked at AXA Investment Managers, where he served in various roles with a particular focus on European and global small-caps since 2008.

As reported by Citywire Selector in September 2015, Benier had stepped in to take over the AXA WF Framlington Europe Microcap funds alongside Antoine de Crépy, which he had managed at launch, following Citywire AAA-rated Sébastien Lagarde's departure.

Prior to his time with AXA IM, Benier also previously worked at Natixis in Paris where he served as head of European small-cap equities.

The Pictet-Small Cap-Europe fund returned 68.8% in euro terms over the three years to the end of December 2015. This compares to a rise of 77.3% by its Citywire-assigned benchmark, the MSCI Europe Small Cap TR EUR, over the same timeframe.

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