Fund launches & closures

Ex-Hermes manager Ricci's Marinvest builds solid eight-month track record

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Marco Ricci's Marinvest One European Opportunities fund is starting to build a good track record - with eight months of solid performance and a net gain of 5.85% since its launch in June last year.

Ricci co-founded and developed the Hermes European Focus (HEF) portfolio from €150 million into a €2.4 billion fund. He has delivered 16% annual average returns over his 10-year career in fund management.

For the Marinvest vehicle he has teamed up with Bertrand Biragnet, who has 14 years' experience as an equity manager and contributed to the HEF fund.

The pair take a fundamental, bottom-up approach to