Posted on Jan. 19, 2021, 2:44 p.m.
The president of Comgest, Arnaud Cosserat, and the 150 employee shareholders of the French boutique can rub their hands. This independent house specializing in equities posted a new record of outstandings at the end of December, with 39 billion in assets, against 33 billion a year earlier. The group has certainly benefited from 1.3 billion euros in fundraising, but above all from the rebound of world stock markets after the historic crash of spring. Seven of its strategies exceed one billion euros in assets, starting with European large caps with Comgest Growth Europe (4.2 billion euros) and Comgest Renaissance Europe (3.6 billion). A specialty of the house, Japan funds were the best performers last year, with a net asset value up more than 30%, higher than that of their benchmark, unlike emerging funds which underperformed their benchmark by 1% on average.