Lombard Odier Investment Managers teams up with Credit Suisse Asset Management

media releases

Lombard Odier Investment Managers teams up with Credit Suisse Asset Management

  • Credit Suisse (Lux) Global Prestige Equity Fund to transfer to Lombard Odier IM
  • Top-ranked portfolio manager Juan Mendoza to run Lombard Odier IM’s new Global Prestige fund

Lombard Odier Investment Managers (“Lombard Odier IM”) has agreed with Credit Suisse Asset Management the transfer to Lombard Odier IM of a high-conviction global equity strategy investing in companies offering luxury or prestige products and services with premium brands.

An agreement between the two firms will see Lombard Odier IM launch LO Funds – Global Prestige (“Global Prestige”) on 26th June 2018. The EUR 236m Credit Suisse (Lux) Global Prestige Equity Fund will subsequently transfer into this fund. Juan Mendoza will join Lombard Odier IM as Senior Portfolio Manager to run the fund, with effect from 26th June.

Following his appointment at Lombard Odier IM, Juan Mendoza will run Global Prestige with the same investment objective, policy, and approach taken at Credit Suisse Asset Management since 2009. Juan will be supported by Ingrid Nouhaud, Analyst in Lombard Odier IM’s High Conviction Equity team.

Didier Rabattu, Head of Equities at Lombard Odier IM, said: “We are delighted to add the Global Prestige strategy to our high conviction equity offering. The strategy is well aligned with our Discounted Excess Economic Return (DEER) investment philosophy. Global Prestige is a strong complement to our well-established expertise in thematic investing, which includes capabilities in the brand, luxury and consumer-related sectors. Juan is a top-ranked portfolio manager with a strong track record in running the investment strategy behind Global Prestige during his tenure at Credit Suisse Asset Management.”

Michel Degen, Head of Credit Suisse Asset Management Switzerland and EMEA, added: “Our industry is continuously evolving. Partnering with other firms is crucial if we are to meet the needs of clients and thrive as an industry. We are pleased to join forces with Lombard Odier IM to achieve this fund merger.”

Global Prestige will be invested in a concentrated portfolio of 30 to 40 stocks of companies with the ability to generate sustainable excess economic returns with strong market positions, high pricing power and promising growth prospects. The fund will aim to deliver maximum capital appreciation by offering investors the opportunity to benefit from structural long-term growth trends such as emerging consumers, millennials spending and other consumer-related trends. 

Important Information

This document has been prepared by Lombard Odier Funds (Europe) S.A. and is issued by Lombard Odier Asset Management (Europe) Limited, authorised and regulated by the Financial Conduct Authority (the “FCA”), and entered on the FCA register with registration number 515393.
This material is provided for information purposes only and does not constitute an offer or a recommendation to purchase or sell any security or service. It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful. This material does not contain personalized recommendations or advice and is not intended to substitute any professional advice on investment in financial products. Before entering into any transaction, an investor should consider carefully the suitability of a transaction to his/her particular circumstances and, where necessary, obtain independent professional advice in respect of risks, as well as any legal, regulatory, credit, tax, and accounting consequences. Past performance is no guarantee of current or future returns. This material is the property of LOIM and is addressed to its recipient exclusively for their personal use. It may not be reproduced (in whole or in part), transmitted, modified, or used for any other purpose without the prior written permission of LOIM. This material contains the opinions of LOIM, as at the date of issue.