Nemours Capital Management, a portfolio management company entrepreneurial, announced today that it has successfully operated a change of control and team leader as well as a capital increase. All of these changes have been validated by the AMF at the beginning of the month of June.
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Following the change of management structure, the leadership team now consists of David Benayoun, Dan Karsenty and Benjamin Tolub.
Dan Karsenty is appointed Director-General. David Benayoun, founder of the company, remain as Chairman. Benjamin Tolub is the managing Director. The three members of the leadership team form the first circle of the shareholders of the company with more than 85% of the capital. David Benayoun became the majority.
In parallel, Nemours Capital Management announces the entry in its capital of three other shareholders, including two european companies of investment advice. The capital increase, successfully completed in the beginning of the month, will allow Nemours to have additional resources to develop its strategy and ensure its growth.
This change in structure is accompanied by the launch of a new offering : the fund managed by the company changes strategy and team management. The UCITS-compliant funds renamed Nemours Market Neutral Strategies has for objective the preservation of capital and the generation of absolute performance, regardless of the direction of the markets. The investment universe is composed of listed companies are experiencing major changes such as a TAKEOVER, a merger, a restructuring, etc., The first engine performance is the arbitrage of mergers and acquisitions, special situations (the other major events affecting the life of the business) are the second engine. This pocket of special situations is now handled with a purely market-neutral.
All of these changes received the support of institutional investors, existing of Nemours Capital Management.
The management team :
David Benayoun is part of the founding team of Nemours Capital Management in 2014 and is the president. He is the manager of the fund Nemours Market Neutral Strategies. Previously, he worked as a manager in Event Driven, for his own account at Lehman Brothers and HSBC and investment funds at BlueCrest Capital.
David is a graduate of the ENSAE and the Columbia University (New York).
Dan Karsenty has over ten years of experience in the credit markets. Dan has been a trader for JPMorgan bank, responsible for the activity of trading of structured credit to the team of NY. Most recently, Dan was a portfolio manager at Eiffel Investment Group. Dan will support David in the management of the fund Nemours Market Neutral Strategies.
Dan is a graduate of Supélec and Columbia University (New York).
Benjamin Tolub has developed an expertise analyst, Long/Short investment fund at Millennium Capital and analyst manager in company management at Sycomore Asset Management. Benjamin will be used in support of David in the management of the fund Nemours Market Neutral Strategies.
Benjamin is a graduate of the university paris Dauphine and Brandeis University (Massachusetts).
About Nemours Capital : www.nemourscapital.com
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