Phileas AM takes over management of Eric Sturdza Investment's flagship Europe equity fund

Lofoten Asset Management stepping back after 11 years

Eric Sturdza Investments has appointed Paris-headquartered boutique Phileas Asset Management to take over the management of its flagship European equity strategy.

The current investment team, Lofoten Asset Management, has stepped down from managing the Strategic Europe Quality Fund after 11 years at the helm since its inception in 2010. Phileas's founders, Ludovic Labal (pictured) and Cyril Bertrand, will be responsible for overseeing its strategy and management as part of the next phase of its "evolution". The fund's current pan-European equity portfolio will be maintained, Eric Sturdza Investments said in a statement. Tellworth UK Select backs 'almost indestructible' retailer Next Phileas's team will follow a fundamental, bottom-up appr...