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Argenta and Degroof Petercam Asset Management set up joint venture Arvestar
8 November 2018
Argenta and Degroof Petercam Asset Management set up joint venture ARVESTAR
Argenta and Degroof Petercam Asset Management (DPAM) continue their collaboration through the establishment of the management company Arvestar Asset Management (Arvestar).
Arvestar’s share capital is held by Argenta Asset Management and DPAM to the tune of 74.99 % and 25.01 % respectively.
Argenta has entrusted the management of its pension saving funds to DPAM since 1999. These funds are very successful, both commercially and in terms of performance. This is demonstrated by their collective assets under management, which amounted to EUR 1.611 billion as at 31 October 2018. Currently, 182,494 Argenta clients are building up their complementary pension capital through these pension saving funds.
In addition, DPAM is also managing two UCITS funds on behalf of Argenta, with assets under management of EUR 1.150 billion as at 31 October 2018.
In view of further growth, the setting up of this joint venture is a logical next strategic step for three reasons: firstly, the substantial assets in these funds, secondly their name and distribution links with Argenta, and thirdly DPAM’s invaluable management input. In this connection, DPAM will continue to handle the financial management of these funds on a day-to-day basis.
For the full press release, we refer to the pdf below.