Xavier Nicolas

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.