EUROPE - New consulting firm Fideas Capital has officially launched, with clients having entrusted €300m in assets.
Fideas is already operational. In July IPE reported that it was involved in a manager search at France’s CRPN, the €3.4bn pension fund for flight personnel, which resulted in losses for Morgan Fleming Asset Management, UBS Global Asset Management and Baring Asset Management.
Fideas is a multi-manager selection venture between Luxembourg-based Quilvest and Pierre Filippi.
The five-strong firm says it “intervenes downstream from the asset allocation decision process, acting as an independent ‘buy-side’ fund research analyst team”.
It added it operates between traditional multi-manager platforms and pension fund consultants.
“The company continues to reinforce its team, having gained the confidence of its first clients, who have already entrusted €300m in assets,” it added.
Multi-management pioneer Filippi co-founded Palmarès in 1991. Quilvest operates in both private equity and the wealth/asset management area.
Fideas also provides centralised purchasing - “a service that is completely transparent and fully independent of all fund companies”.