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April 16, 2019

BNP Paribas invests in quant manager Napoleon Capital

BNP Paribas Capital Partners, part of BNP Paribas Asset Management (BNPP AM), has invested in French asset manager Napoleon Capital.

Financial terms of the deal were not revealed.

The latest deal builds on BNP’s existing relationship with Napoleon, which specialises in the quantitative space.

The two parties have previously joined forces over a dedicated fund worth several dozen million Euros.

Commenting on the funding, Napoleon CEO Stéphane Ifrah said: “Our expertise is focused on generating performance by building optimised solutions, and BNPP AM will enable us to make them investable for our clients, while securing the operational scope.”

Napoleon was also backed by École Polytechnique’s X-Création incubator, as well as other financial professionals.

With the fresh funds, Napoleon aims to speed up its development.

The aim is to establish the firm’s position in algorithmic investment solutions.

BNPP AM head of multi-asset, quantitative and solutions management division Denis Panel said: “Funding Napoleon Capital, a new leader in algorithmic strategies, is part of our ‘quantamental’ approach that combines the best quantitative and fundamental management techniques.”

Earlier this year, BNP Paribas invested in Forge Global, a marketplace for pre-IPO securities.

Under the agreement, the companies will work together to develop and distribute investment products offering exposure to pre-IPO or private innovation companies.

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