Pascal Heurtault

Provides investment fund and financial services

Abeille is an active, global asset manager with integrated expertise across all major asset classes. Their investment process is bottom-up, based on fundamental financial analysis and valuation, and informed by top-down macro-economic research. The stock selection process focuses on favorable industry sectors and uses a dividend discount model. Determinant criteria include return on assets, price-to-book ratio and a low historical price-to-earnings ratio. The firm invests with conviction for the long-term and manages risks with discipline and rigor.

Cybèle AM is an active, benchmark-insensitive investor who manages portfolios that diversified across industry sectors and invested globally in equity, fixed-income, money-market instruments and derivatives with the bulk of investments in Eurozone securities. They are a flexible management specialist with no market cap restrictions which focuses on mid- to large-cap companies with a long-term outlook. The firm combines top-down sector allocation based on macroeconomic analysis and bottom-up stock picking based on fundamental research, which focuses on quantitative and qualitative factors.