Although it is much easier to start up in other countries,
groups of French entrepreneurs are setting up their investment
boutiques and trying to win the hearts and minds of investors
despite the recent slumps in the market and regulatory
It was US President George Bush who was credited
quite wrongly, as it turned out with saying that
the problem with the French is that they have no word for
Try telling that to people like Rémy Pierre and the
other former members of the Ixis equity-linked department who
established the 100% independently-owned Anakena Finance in May
2006. Five months later, Anakena launched its first hedge fund
the Cayman-registered multi-strategy Maximus Fund, which
returned 3.57% between the start of October 2006 and the end of
the year, and a further 10.44% in 2007.
Unfortunately, much of that stellar...