What has become of French boutiques?
French third-party-management: accompanying the "French boutiques" boom
The creation of a portfolio management company status in 1989, followed by the Financial Activity Modernization Act in 1996 recognized third-party management as a distinct business line. Building on this legitimacy and the growing professionalization of the risk diversification and asset allocation processes underlying savings and investment solutions, French third-party management has become a flagship of the French financial industry, alongside banking and insurance. In fact, with €4.0 trillion in assets under management, the French AM segment holds the top spot in continental Europe, with an annualized growth rate exceeding 5 percent since the low point of 2008.
Performance magazine issue 25, January 2018
Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.