BNP Paribas Asset Management is to take a minority stake in Finaltis, a Paris-based independent asset management company focused on alternat...

BNP Paribas Asset Management is to take a minority stake in Finaltis, a Paris-based independent asset management company focused on alternative techniques and invest in its hedge funds. This investment is part of an 18 month old incubation and seeding programme to provide Finaltis with the resources to strengthen its efforts to develop high value, innovative alternative investment approaches. The Finaltis team of 17 staff including nine fund managers has developed a range of products based on techniques including statistical arbitrage, gamma replication, dual structure arbitrage and high frequency trading. Finaltis is aiming to become a key player in the hedge fund market in continental Europe, offering single-strategy and multi-strategy high alpha products to professional investors. The company’s current range includes three French fonds commun de placement, QuantiSelect (quantitative multi-strategy), MoneyMix (enhanced money market multi-strategy) and Finaltis Select (multi-strategy). It also offers three single-strategy funds domiciled in Ireland: AlphaPrime/AlphaPrime Plus, which offers discretionary arbitrage on European equities; AlphaSquare, European equity statistical arbitrage; and AlphaCube, which offers gamma and short-term volatility trading with robust daily returns.