BNP Paribas AM partners with fintech firm on quant fund

Algorithmic_tradingBNP Paribas Asset Management (BNPP AM) has supported the launch of an absolute return fund created by a Paris-based fintech firm, Napoleon Capital.

The Napoleon World Equities AR Dynamix Fund is based on a “unique systematic index” that is part of an index family called ‘Dynamix’, calculated by Napoleon Capital.

It is one of the first funds resulting from quantitative specialist Napoleon Capital’s partnership with BNPP AM. The fund will contribute to BNP Paribas’ quant offering.

Underlying the index are strategies that are combined using statistics and artificial intelligence, with asset allocation optimised and updated quarterly.

Strategies rely on research from Napoleon Capital and a network of quantitative finance specialists. The fund invests in the largest companies in Japan, the UK and Eurozone. It also invests in major US tech companies, while targeting a maximum volatility of 10%.

Stéphane Ifrah, chief executive of Napoleon Capital, said: “This fund represents the culmination of several years of development by Napoleon Capital, and the successful launch of a new form of product. We remain focused on quantitative management and are very pleased to have the support of a major player such as BNP Paribas Asset Management.” 

*This article was corrected from an earlier edition to clarify that the fund is launched by Napoleon Capital with BNP Paribas Asset Management’s support.

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