Choose Dorval AM

« Bringing meaning
to your investment » 

Jean-François Baralon

Chief Executive Officer

Stéphane Furet

Deputy Chief Executive Officer in charge of equity portfolio management

Louis Bert

Deputy Chief Executive Officer in charge of flexible portfolio management

Making investment choices requires in-depth analysis of and extensive insight into the economic context and the financial markets to take the right direction and stay on track.

Dorval Asset Management’s approach combines macroeconomic analysis, microeconomic assessment, considerations of valuations and market momentum. Our macroeconomists consistently monitor the latest events as they analyze the economic cycle and set the foundations for our asset allocation, singling out investment themes tailored to the environment. They support portfolio managers-analysts as they seek out strong-performing companies, while this entire process is then rounded out by an analysis of sector trends in tandem with consideration of valuations and technical analysis, thus determining our convictions to build our stock-picking process and develop our portfolio construction.

Solid and ongoing investment processes based on a conviction-driven, active portfolio management approach.

 

Making investment choices also means looking to the world of the future and supporting the development of meaningful, responsible and sustainable solutions.

Our conviction-led approach involves investing in the real economy – not stock-market indices – as we support and back companies as they grow, while ensuring that all stakeholders can play their part, particularly staff and suppliers. In so doing, Dorval Asset Management takes on board social challenges and sustainable development issues right across every stage in the management process.

Dorval Asset Management is a responsible investor, as we hold ourselves to the highest standards with both our clients and the companies we invest as part of our broader fiduciary duty, making your investment meaningful.

 

Investing with confidence with Dorval Asset Management at your side

Dorval Asset Management is a subsidiary of Natixis Investment Managers, and houses a 26-strong team of investment management professionals: we offer our clients the expertise and flexibility of an entrepreneurial-driven business, combined with the solid grounding of a leading global name.

Our product and service range has also been designed with a wealth preservation focus in mind:

  • Our Dorval Convictions range skillfully steers exposure to risky assets;
  • The Dorval Manageurs range offers full and clear exposure to French and European equities;
  • Our international equities range with Dorval Global Convictions addresses today’s dwindling bond yields;
  • Lastly, a team of five experts devoted to wealth management and private banking supports our clients and meets their requirements.

Dorval Asset Management is also accredited as a Great Place to Work and Best Workplace For Women, as we place corporate social responsibility at the very heart of our business, all in the best interests of our clients. 

 

Our prizes and awards

History and key figures

A one-of-a-kind story

First established in 1993, Dorval Asset Management is a renowned management company specialising in flexible strategies and European equities. We focus particularly on long-term performance. Our team of portfolio managers decodes the underlying trends and adapts its investment processes in order to navigate stock market cycles with confidence while preserving the capital invested.

Key dates in our history:

  • 1993: Founding of Dorval Finance

    Dorval Finance was initially a management company specialising in wealth management for individual investors.

  • 2004: Stéphane Furet joins Dorval Finance as Chief Executive Officer

    The goal was to develop the basics of an original, conviction-based management approach based on listening and seeking performance over the long term. Dorval Finance developed an asset management business and launched a range of funds designed to preserve and grow capital.

  • 2007: Arrival of Louis Bert, a pioneer in flexible management

    Louis Bert introduced the concept of flexible management at Dorval Finance with his conviction that, in today's financial world, a flexible approach is needed to provide high-quality wealth management.

  • 2008: Dorval Finance weathers huge stock market crash

    Keyword: "weather the crisis". The Dorval Convictions fund made full use of its flexibility during this period, with the level of equity investments fluctuating between 3% at the time of the Lehman collapse and 73% during the year. This wealth management approach made it possible to limit capital losses when the markets were falling steeply, in order to be in a better position to bounce back when the markets recovered in 2009.
    Also in 2009, Sophie Chauvellier brought her flexible international abilities to the team.

  • 2011: On the lookout for new talents and unique expertise

    Dorval Finance hired economist Gustavo Horenstein, a true strategist in the financial markets and specialist in asset allocation, and tasked Eric Frenois with developing the wealth management offer.

  • 2013: Dorval Finance boosts analytical capabilities

    Aware that a conviction-based management approach requires lucid and informed observation of economic and stock market cycles, Hervé Guez joined Mathilde Guillemot and Julien Goujon as financial analyst.

  • 2014: Natixis Asset Management and Dorval Finance reinforce strategic partnership

    After six years of fruitful collaboration, Natixis Asset Management increased its stake in Dorval Finance's capital from 25% to 50.1% on 9 September 2014. Aiming to increase assets under management from 500 million to 1 billion by 2017, Dorval Finance could then utilise Natixis Global Asset Management's global distribution platform and BPCE Group's French networks.

  •  

    2016: Dorval Finance becomes Dorval Asset Management

    As Dorval AM speeds up its global deployment, the Dorval Convictions and Dorval Manageurs Europe funds are referenced for marketing in various European countries. Our organisation strives for continual growth in order to offer peace of mind to our clients. A history of people and promises kept. Our values – agility, vision, lucidity and transparency – make up our DNA and help us better understand the world's complexity.

  • 2017: Creation of a wealth management department, in addition to the discretionary investment management

     

  • May 2017: Launch of the fund Dorval Manageurs Smid Cap Euro

     

  • September 2017: The fund Dorval Flexible Monde becomes Dorval Global Convictions

     

  • December 2017: The assets under management reach 2.5 billion euros

     

  • Dorval AM recorded in 2017 a net inflow of 1.3 billion euros, such that the assets under management reached 2.5 billion euros on 31 December.

     

  • January 2018: The fund Dorval Flexible Emergents becomes Dorval Emerging Market Convictions

     

  • June 2018: The assets under management reach 3 billion euros.

     

  • June 2018: Launch of Dorval Global Convictions Patrimoine and Dorval Manageurs Euro Funds

     

  • February 2019: Dorval AM signed the Montreal Carbon Pledge Initiative and the Carbon Disclosure Project (CDP).

    In order to identify the most advanced companies engaged for the climate, and also to publish carbon reports of the European funds.

  • March 2020: Natixis Investment Managers increased its stake and now owns 88.7% of Dorval AM’s capital

     

11 experts committed and dedicated to the success of your investments

272 years of cumulative experience on our CVs to get the best out of the market

700 business contacts each year

50 / 50 gender mix with a unique approach

A committed team

Dorval AM: a history of people and promises kept

Dorval Asset Management's success is based on the hard work of a team of 26 highly qualified and skilled individuals supporting Louis Bert and Stéphane Furet, the strong duo of director-managers, and Jean-François Baralon, CEO. Our diverse and dynamic team embodies Dorval AM's essential values while cultivating a strong and lasting relationship with its clients.

Team member bios:

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Senior Management

Jean-François Baralon

Jean-François Baralon

Chief Executive Officer

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Stéphane Furet

Stéphane Furet

Deputy Chief Executive Officer and Co-Chief Investment Officer

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Louis Bert

Louis Bert

Deputy Chief Executive Officer and Co-Chief Investment Officer

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Collective Investment

Stéphane Furet

Stéphane Furet

Deputy Chief Executive Officer and Co-Chief Investment Officer

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Louis Bert

Louis Bert

Deputy Chief Executive Officer and Co-Chief Investment Officer

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Mathilde Guillemot-Costes

Mathilde Guillemot-Costes

Portfolio manager – financial analyst

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Julien Goujon

Julien Goujon

Portfolio manager – Financial analyst

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François-Xavier Chauchat

François-Xavier Chauchat

Member of the Investment Committee, economist and strategist.

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Sophie Chauvellier

Sophie Chauvellier

Portfolio Manager, Economic Research and Asset Allocation

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Gustavo Horenstein

Gustavo Horenstein

Portfolio Manager, Economic Research and Asset Allocation

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Hervé Guez

Hervé Guez

Financial and non-financial analyst

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Laurent Trules

Laurent Trules

Financial and non-financial analyst

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Tristan Fava

Tristan Fava

Financial and non-financial analyst

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Wealth Management

Corinne Amar

Corinne Amar

Wealth Management director

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Eric Frenois

Eric Frenois

Director of Wealth Management

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Louis Abreu

Louis Abreu

Head of Multi-Asset Selection Fund and product specialist - Wealth Management department

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Rachel Decaux-Hardouin

Rachel Decaux-Hardouin

Portfolio management assistant and Human Resources assistant

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Pierre Chapellière

Pierre Chapellière

Assistant portfolio manager – Wealth management

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Marketing & Customer Service

Gaëlle Guilloux

Gaëlle Guilloux

Head of Strategic & Digital Marketing, Communications & Events

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Audrey Courly

Audrey Courly

Marketing and digital assistant

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Louis Abreu

Louis Abreu

Head of Multi-Asset Selection Fund and product specialist - Wealth Management department

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Denis Laval

Denis Laval

Client service and product specialist

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General Secretariat

Joëlle Hennequin

Joëlle Hennequin

Chief Operating & Human Resources Officer

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Nicolas Riverain

Nicolas Riverain

Senior Middle Office and Database Manager

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Amel Sadaoui

Amel Sadaoui

Senior Middle Office and Database Manager

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Mélinda Casquero

Mélinda Casquero

Accounting assistant

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Rachel Decaux-Hardouin

Rachel Decaux-Hardouin

Portfolio management assistant and Human Resources assistant

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Sami Hamida

Sami Hamida

Information technology officer

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Risk, Compliance & Internal Control

Leïla Berkani

Leïla Berkani

Chief Compliance Officer

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Marie-Christine Cheiron

Marie-Christine Cheiron

Compliance and Internal Control Manager

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The flexible management club

Want to share your ideas and discuss flexible management? 

With recognised experience in flexible management, we have launched a "Flexible Management Club" on LinkedIn

This discussion forum enables different market players to share their ideas and views on flexible asset management, and discuss with one another. Asset allocation, Investment, Stock Picking… Whatever subject is addressed, we will use this group to try to provide investors with an overall vision of and pragmatic approach to flexible management.

Please don't hesitate to join our group and add to our discussions.

TEAM DORVAL AM, a team of mountain bike
DH and Trial

 

Dorval Asset Management and mountain biking, a story of commitment.

 

Dorval Asset Management’s history in high-performance mountain biking began in 2013 as the ROC VTT OZ EN OISANS club looked for a sponsor for a few racers (Trial and DownHill) of the club which boasted an impressive track record. Dorval AM believed then in the future of this discipline which was in full development and launched its project of international Team.

Dorval AM has today the ambition to increase its presence in the circuit and has composed its own elite Team in the areas of downhill mountain biking and trials mountain biking.

The winner of trials mountain bike racing must get over natural or artificial obstacles in a zone and a particular time frame without using any other support than the tires. It is awe-inspiring!

As to the downhill mountain biking, the goal is to descend the slope within the shortest time possible. The winner must demonstrate commitment, agility and possess a finely-honed sense of steering to face the different natural obstacles encountered during the downhill ride. It is as awe-inspiring!

 

Driven by shared values of commitment, of vision, agility, and clear-sightedness, TEAM Dorval AM has hoisted itself to the highest levels of mountain biking in the two disciplines and confirms its position as one of the best DownHill (DH) teams worldwide.  

In 2019, the Dorval AM Pro Racing Team won prestigious titles and achieved performances that match up to its ambition: a twofold success as European Champion in both DownHill and Trial disciplines and the individual title as Trial World Champion for German racer Dominik Oswald.

In 2020, the DORVAL AM - Pro Racing Team is experiencing its best year since its creation.
The DORVAL AM - Pro Racing Team VTT DH finished in 1st place overall in the Coupe de France.

The Team won three French championship titles for Manon Basseville (his 6th) and Noah Cardonah (his 1st) in Trial, and Benoit Coulanges (his 3rd) in DH.

Mariana Salazar wins the title of DH champion of El Salvador.

Finally, all our pilots have been selected to represent their national selection at the World Championships. Camille Balanche is crowned DH Elite Women MTB World Champion (Switzerland) and Monika Hrastnik takes 3rd place (Slovenia). In the Elite men category for the French team, Benoit Coulanges is ranked 12th in the World Championship, and Baptiste Pierron 14th.

 

Mountain biking brings unique moments of sharing and performance! Dorval AM by organizing many events internally, allows its collaborators and clients to accompany the racers during major competitions or to attend special events with the TEAM Dorval AM. It’s an occasion to share the experience with all the members of the team and to go behind the scenes as we watch them prepare for competition.

Louis Bert, Deputy Chief Executive Officer said « We are motivated by the strong potential of the sportsmen and women we accompany daily. Dorval AM has a unique human relationship with the team by accompanying and encouraging the members on all their trips. This mountain bike team VTT Dorval AM has everything to succeed: ambition, desire, and talent! »

Dorval AM believes in the future of mountain biking, and through this innovating partnership, the investment management company continues to invest as it has always done with its investment funds: providing its team of young champions with all the necessary means for success.

 

Support our racers and follow them on the social networks!

  Team Dorval AM (Youtube)

  Team Dorval AM Trial (Instagram)

  Team Dorval AM DownHill (Instagram)

  Team Dorval AM Trial (Facebook)

  Team Dorval AM DownHill (Facebook)

 

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