{"id":58410,"date":"2016-11-23T02:18:20","date_gmt":"2016-11-23T01:18:20","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/im-square-passes-a-new-milestone-in-its-development\/"},"modified":"2016-11-23T02:18:20","modified_gmt":"2016-11-23T01:18:20","slug":"im-square-passes-a-new-milestone-in-its-development","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/im-square-passes-a-new-milestone-in-its-development\/","title":{"rendered":"IM Square passes a new milestone in its development"},"content":{"rendered":"<p>iM Square, the only European investment and development platform<br \/>\ndedicated to asset management, has acquired a substantial minority equity stake in Dolan McEniry Capital Management (\u201c<em>Dolan McEniry Capital<\/em>\u201d), an independent US investment firm based in Chicago and specializing in investment grade and high yield U.S. corporate bonds. Founded in Chicago in 1997 by Daniel Dolan, the company has been owned fully and equally by Daniel Dolan and Roger McEniry. This transaction provided an opportunity for other key managers of the firm to become equity owners for the<br \/>\nfirst time. Dolan McEniry currently manages $5.8 billion through five strategies. \u201c<em>Core plus<\/em>\u201d is the oldest strategy with a track record of close to 20 years. Other strategies, including recently introduced high yield<br \/>\nand short duration products, have also delivered strong performances since their launch. All incorporate the firm\u2019s fundamentals driven, value-oriented approach to investing.<\/p>\n<p>This second investment in the United States for iM Square adds a complementary strategy to its portfolio<br \/>\nafter it acquired a 20% stake in Polen Capital, a highly-performing asset management firm specialising in<br \/>\nUS and Global growth equities, at the beginning of the year.<\/p>\n<p>At the same time, iM Square is undertaking its first European investment by taking over the French fund<br \/>\nmanagement firm Montmartre AM, subject to approval by the French Regulator. iM Square will rename<br \/>\nthe firm iM Global Partner Europe, in order to transform it into its platform for commercial development<br \/>\nacross all of Europe. This strategic decision has been supported by the evolution in the regulatory<br \/>\nframework announced by the AFG and AMF to strengthen the position of Paris as a financial hub. In this<br \/>\nrespect, iM Square plans to:<\/p>\n<ul>\n<li> Reinforce the team on the ground and develop the technical resources of the asset management<br \/>\nfirm<\/li>\n<li> Develop the existing range of short-term fixed-income products<\/li>\n<li> Launch French-domiciled funds, the management of which will be delegated to iM Square\u2019s<br \/>\npartners.<\/li>\n<\/ul>\n<p>These two investments illustrate a new impetus in the expansion of iM Square, which was created in<br \/>\nLondon in June 2015 by Philippe Couvrecelle and its founding shareholders: Amundi (the leading name in<br \/>\nEuropean asset management), Eurazeo (one of the top listed investment companies in Europe) and<br \/>\nDassault Group \/ La Maison (an investment group in which the Dassault Group is the main shareholder).<br \/>\niM Square is aiming to invest \u20ac250 million across 5 to 10 investments over the next 3 years. These will<br \/>\nmainly be in the US, but the firm is also looking out for growing European and Asian entrepreneurial<br \/>\ninvestment firms which are already mature, profitable and well-established in their local markets.<\/p>\n<p>The year 2017 could see a fourth international shareholder enter iM Square\u2019s capital structure in order to<br \/>\nsupport the development projects of the platform, which will pick up momentum in the coming months.<\/p>\n<p>On the subject of the Dolan McEniry investment, Philippe Couvrecelle, Chairman of iM Square,<br \/>\ncomments: <em>\u00ab Dolan McEniry has enjoyed an excellent track record since its creation with strategies<br \/>\nresisting particularly well in difficult market environments. We are looking for partners who are<br \/>\ncomplementary in their expertise, with the aim of providing to our clients, a range of strategies that are<br \/>\nable to withstand sluggish economies and markets as well as a potentially long period of low fixed income<br \/>\nyields. \u00bb<\/em><\/p>\n<p>On the topic of Montmartre AM, Philippe Couvrecelle adds: <em>\u00ab This acquisition will allow us to build the<br \/>\nfoundations of our commercial platform in Europe. The team will be reinforced by the recruitment of both<br \/>\na sales director and a risk director. \u00bb<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>iM Square invests in one the most successful fixed-income management firms in the US, Dolan McEniry Capital Management. iM Square begins the construction of a European distribution network<\/p>\n","protected":false},"author":20,"featured_media":58408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1651,2094,2007],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/58410"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=58410"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/58410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/58408"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=58410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=58410"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=58410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}