FRANCE – Credit Lyonnais Asset Management (CLAM) is buying a majority interest of 80% in SYSTEIA Capital Management, an alternative asset management company recently set up by Jean –Louis Juchault and David Obert.
The remaining stock will be held by the two founders, institutional investors and employees via a stock option plan.
Focusing on managing, marketing and structuring alternative funds the company is looking to line-up a staff of around forty by the end of the year.
Juchault and Obert were both formerly managers at Barep Asset Management before founding SYSTEIA.
The company will offer alternative funds to institutional investors in Europe, Japan, the US and the Middle East and initial investment from the Credit Lyonnais Group will be in the order of e250m.
The move follows CLAM’s recent team-ups with other companies, such as Hamilton Lane Advisors, located in Philadelphia - in the area of private equity and with Paris based ABF Capital Management for quantitative management.