Banque Privée Quilvest, the wealth management group originating from a family office based in Argentina, has launched Quilvest Alternative I...

Banque Privée Quilvest, the wealth management group originating from a family office based in Argentina, has launched Quilvest Alternative Investment, a hedge fund operation. Quilvest Alternative Investment, which received formal authorisation from the French regulator, the Financial Markets Authority on March 7, will consist of a long only portfolio run by four people. These are, Erwan Guillerm, chief operating officer; Ameur Kaffel, who between 1997 and 2005 was in charge of multi-strategy investments at fund management firm Ofivalmo; Markella Pamukoglu, head of marketing and sales; and Nicolas Braun, who is responsible for risk management. Markella Pamukoglu told WealthBriefing: “This newly created operation will create funds of hedge funds. These are being seeded by the bank which is run from the family office of Bumberg. The money was made originally from brewing Quilmes beer in Argentina.” “As of the beginning of June we will be working with a shortlist of allocations with a focus on long only and emerging markets,” she added. Last September Banque Privée Quilvest joined forces with Pierre Filippi, a pioneer of multi-management in France, to launch Fideas Capital, a specialist multi-manager service for institutional investors. The group's wealth management business consists of the Paris bank with $1.5 billion in assets under management for more than 2,000 mostly European, high net worth clients, and Société Internationale de Finance, a licensed securities dealer and broker established in Zurich, with $3.5 billion of client assets. The group also has a Paris-based service, Quilvest MEA, serving a small number of high net worth individuals and families in the Middle East and Africa. Ms Pamukoglu said the firm currently has €6 billion ($7.3 billion) in alternative assets.