Working draft — do not publish before the AMF authorisation is granted

Asset management

An allocation that is built, not picked from a catalogue

Everything begins with an audit: your situation, your objectives, your horizon, your real tolerance for risk. Only then does an allocation follow.

01

Asset classes

I

Digital assets

The most volatile and most widely misunderstood segment of contemporary allocation. We are not looking for a quick gain here, but for measured exposure to a financial infrastructure still being built. Exposure stays bounded and concentrated on assets liquid enough to exit a position without the market moving against you.

II

International equities

Replicating an index means owning the companies you understand and the ones you do not, in equal measure. We prefer a small number of defensible positions in developed markets, held over time. A conviction can be justified; an index weighting cannot.

III

Precious metals

Gold produces nothing, and that is precisely its function. It acts as a counterweight when real rates fall, when a currency weakens, or when correlations between assets tighten at the worst possible moment. A position held for stability, not for performance.

IV

Commodities

Energy and industrial materials respond to real cycles — production, inventory levels, supply pressure — more than to market expectations. They offer a diversification equities cannot provide, provided their own rhythm is respected and they are not mistaken for a directional bet.

02

The mandate

  • AccessWe publish no rigid threshold. But a properly built mandate — full audit, bespoke allocation, individual follow-up — only makes sense above a certain level of assets, in the region of €200,000. Below that, fixed costs weigh too heavily on the outcome for the exercise to genuinely serve the person entrusting it. Since the number of mandates is deliberately capped, every file is reviewed before being accepted; the amount is discussed at the first meeting.
  • FeesAn audit fee, a management fee on assets, and a performance fee based on the portfolio's actual progression. That last point aligns our interests with yours: we are paid on performance only when there is performance. Exact rates are set out in the agreement and disclosed before any commitment, with no hidden entry or exit charges.
  • Follow-upThree formal reviews a year: the allocation, the positions, and any drift from the mandate. Each produces a written record of the decisions taken and the reasoning behind them. Between those meetings you are notified of any significant reallocation, and can reach us at any time. Three substantial conversations are worth more than twelve automated statements nobody reads.
  • Custodiancustodian institution to be specified

Regulatory disclosures — to be completed before publication

Portfolio management company authorised by the Autorité des marchés financiers under number no. GP-…, dated date of the decision.

Professional indemnity insurance: insurer and policy number. Competent ombudsman: to be designated. Complaints: address and procedure.

Investments carry a risk of capital loss. Past performance is no guide to future performance. Nothing on this site constitutes a personal recommendation.