Strong start for new Paris-based Lutetia's market-neutral M&A and events strategy


A new Paris-based merger arbitrage and event-driven operation called Lutetia Capital has got off to a very promising start with its debut market-neutral M&A-focused fund.

Jean-François Comte and Fabrice Seiman

Launched in November, the Lutetia Patrimoine fund is up by over 5% so far - recording eight positive months out of nine, with a loss of just 0.38% in May, and racking up a Sharpe ratio of over 3 that puts it at the very top of its peer group since inception.

AMF-authorised Lutetia - named after the old Roman name for Paris