Key Takeaways
- • Varenne Capital Partners, a Paris-based investment firm founded in 2003, reported net inflows exceeding $1 billion in 2021 and assets under management of $4.3 billion as of December 31, 2021, according to a Business Wire press release.
- • The flagship Value Active Fund returned +38.2% over the 12 months ending December 31, 2021, and +14.4% annualized since its October 1, 2007 inception.
- • The firm promoted Bo Huang to Head of International Business to lead marketing and business development across Asia, Europe and the US, and hired Jonathan Monat to support growth in North America.
- • Varenne Capital's team now stands at 37 members, including 15 investment professionals, and the firm plans to open a US office in 2022.
Summary
Varenne Capital Partners ("Varenne Capital"), an independent investment firm based in Paris, France, achieved net inflows in excess of $1 billion from investors in 2021 amid strong fund performance, according to a Business Wire press release dated January 10, 2022. Assets under management reached $4.3 billion at year-end December 31, 2021.
The firm expanded its 37-member team by promoting Bo Huang to Head of International Business, where he will lead marketing and business development in Asia, Europe and the US. It also hired Jonathan Monat to support growth in North American markets. Company President Giuseppe Perrone said the firm continues to attract top talent, noting that the team represents eight nationalities and that the new appointments complement an investment team of 15 professionals.
Varenne Capital was founded in 2003 by three veteran investors, Giuseppe Perrone, Marco Sormani and David Mellul. Its hedge fund strategy combines four investment frameworks: Long Equity, Short Equity, Merger Arbitrage and Tail Risk Hedging. The firm states that it applies private equity-style due diligence to fundamental analysis of public equities and generates its research internally through expert networks rather than broker research.
The flagship Value Active Fund delivered an annualized return of +14.4% since its October 1, 2007 inception and +38.2% during the 12 months ending December 31, 2021. The release notes that the 2021 figures include the December month-end performance estimate for the B-USD share class and that past performance does not guarantee future results.
Following asset-raising success primarily in European countries, the firm is expanding into other markets. In 2020 it launched a master-feeder and Delaware vehicle for US investors in the Value Active Fund, and it plans to open a US office in 2022.
The firm expanded its 37-member team by promoting Bo Huang to Head of International Business, where he will lead marketing and business development in Asia, Europe and the US. It also hired Jonathan Monat to support growth in North American markets. Company President Giuseppe Perrone said the firm continues to attract top talent, noting that the team represents eight nationalities and that the new appointments complement an investment team of 15 professionals.
Varenne Capital was founded in 2003 by three veteran investors, Giuseppe Perrone, Marco Sormani and David Mellul. Its hedge fund strategy combines four investment frameworks: Long Equity, Short Equity, Merger Arbitrage and Tail Risk Hedging. The firm states that it applies private equity-style due diligence to fundamental analysis of public equities and generates its research internally through expert networks rather than broker research.
The flagship Value Active Fund delivered an annualized return of +14.4% since its October 1, 2007 inception and +38.2% during the 12 months ending December 31, 2021. The release notes that the 2021 figures include the December month-end performance estimate for the B-USD share class and that past performance does not guarantee future results.
Following asset-raising success primarily in European countries, the firm is expanding into other markets. In 2020 it launched a master-feeder and Delaware vehicle for US investors in the Value Active Fund, and it plans to open a US office in 2022.
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