CIAM is one of the few funds in Europe focusing on Event Driven, Merger Arbitrage as well as Activism. The fund came to prominence after its successful activist campaign with French vacation resorts company Club Med, where CIAM ended up making 30% for investors.
In this Opalesque.TV BACKSTAGE video, Anne-Sophie speaks about the rise of activist investing in Europe, and about the fundamental differences between corporate activism in Europe and the U.S. She also gives a positive outlook for mergers & acquisitions and event driven strategies, as M&A in Europe is up 60% so far in 2014 versus last year.
CIAM: Activist Investing In Europe On Promising Start
Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More
Paris-based CIAM stands for Charity Investment Asset Management. Every year, CIAM channels 25% of its performance fees to the CIAM For Kids endowment fund. The goal is to give donations to associations involved in Childhood care (Health and Education) in Europe and the rest of the world. Anne-Sophie d’Andlau, CIAM’s Co-founder & Managing Partner, and CIO & Co-Founder Catherine Berjal have known each other for 10 years before co-founding CIAM in 2009.
Anne-Sophie d’Andlau, CIAM’s Co-founder and Managing Partner, acquired a solid corporate finance experience at PricewaterhouseCoopers, first within the audit and due diligence departments from 1995 to 2000 (in NY from 1998 to 2000), and then within the M&A department from 2000 to 2001. She further moved to the French asset management company Systeia Capital Management where she was appointed head of Research for the Event Driven strategies in 2001 before becoming fund manager as the head of the Event Driven portfolios in 2003. Anne-Sophie kept that position until 2008.