Double fund launch for French boutique

Clay Asset Management has announced the launch of two new funds - an emerging market equities fund and a multi-asset strategy.

The Paris-based company, which was established in late 2011, said it had chosen to set up the funds after it surpassed €125 million in assets under management.

The French firm was set up by private banking and fund management veterans Cyril Bergé, Ludovic de Polignac and Bruno Parizet to focus on high net worth individuals.

Emerging markets equity specialist Guy Rodwell, a former EDRAM manager who left the group in 2010, and research analyst Antoine Blanc joined the firm in 2012.

The Clay Multi-Assets fund will be run by company co-founder Bruno Parizet, who previously worked for Allianz in Paris.

During his tenure with Allianz, Parizet oversaw three strategies, including North American equity fund Destra Amérique , European equity fund Destra Europe and fund of funds Heracles

Meanwhile, the emerging markets-focused Clay New Horizons fund will be run by Rodwell.

Both funds are currently only available to existing high net-worth investors with Clay but the company intends to extend this to independent financial outfits and other family offices.