Choose Dorval AM

« Bringing value to your values » 

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 24-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 flexibly steers equity exposure in response to market volatility;
  • The Dorval Manageurs range provides a clear and simple investment process to offer exposure to French and European equities;
  • Our international equities range with Dorval Global Convictions addresses today’s dwindling bond yields;
  • Dorval European Climate Initiative offers environmental equity portfolio management to drive companies’ environmental and climate transition 
  • 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.

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    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.

  • September 2019 : Dorval AM has been awarded Great Place to Work® 2019

     

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

     

  • September 2020: Dorval AM has been awarded the Best Workplaces For Women France 2020 accreditation from the Think Tank Act for Equality

     

  • December 2020: Dorval Manageurs Small Cap Euro fund obtains the French government "Relance" accreditation

     

  • December 17th 2020 : Dorval AM achieves SRI accreditation for all its open-ended funds

     

  • December 31, 2021: Dorval Asset Management launches its first environmental fund, Dorval European Climate Initiative

    Dorval Asset Management transforms its longstanding Dorval Manageurs Euro fund into an environmental fund, with a view to stepping up the environmental and climate transition for companies that offer real solutions to address this crucial challenge. The new Dorval European Climate Initiative fund emphasizes the company’s goals with a reference indicator aligned with the Paris Agreement..

14experts committed and dedicated to the success of your investments

333 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 25 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

Portfolio manager – Financial analyst and Responsible Investment Coordinator

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Tristan Fava

Tristan Fava

Portfolio manager – Financial analyst and Responsible Investment Coordinator

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Wealth Management

Corinne Amar

Corinne Amar

Wealth Management director

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Louis Abreu

Louis Abreu

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

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Pierre Chapellière

Pierre Chapellière

Portfolio manager – Wealth management

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Sales & Marketing Development

Philippe Cormon

Philippe Cormon

Head of Sales & Marketing Development

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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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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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Compliance, Internal Control & Risk / IT

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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Kevin Lawson

Kevin Lawson

Internal controller and Compliance officer

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Our Corporate Social Responsibility Roadmap

The 2021-2024 roadmap marks Dorval Asset Management’s first CSR roadmap, and resolutely reiterates the company’s commitment to supporting sustainable development for our business.

Where responsible investment meets fiduciary responsibility

We take a long-term investment approach and as such, we firmly believe that we have a pivotal role to play in directing investment to build a more responsible and sustainable economy. We engage with real economy stakeholders to encourage them to adapt their environmental, social and governance practices to support this transition, acting as a responsible investor as we pledge to meet the highest standards with both our clients and partners, as well as with the companies we invest in.

  • Priority n°1 | Core business: Enhancing our role as a responsible investor

Aligning our own corporate responsibility in our relationships with stakeholders

Our responsible investment approach also naturally applies to the way our company is run, and Dorval Asset Management consistently stives to abide by the principles of loyalty, fairness and transparency with all its stakeholders and in its day-to-day operations, while also curtailing its environmental footprint.

  • Priority n°2 | Social: Committed to our people
  • Priority n°3 | Societal: Taking positive action in our ecosystem

Dorval AM Team – an award-winning Downhill mountain biking team and a thriving training arena for top-tier racers

 

Dorval Asset Management and mountain biking, a story of commitment

Dorval Asset Management’s commitment to high-performance mountain biking kicked off in 2013 when the ROC VTT OZ EN OISANS club was looking for a sponsor for some of its impressively successful Trial and Downhill racers. Dorval AM firmly believed in the future of this fast-growing sport and decided to launch its international team initiative.

Dorval AM is now seeking to bolster its presence on the circuit and has developed its own elite Team in downhill mountain biking, or DH. The aim of this sport is to make it down the tracks in the shortest possible length of time, in a true challenge of commitment and agility that requires expert racing skills to deal with the various natural obstacles encountered during the descent – a truly impressive feat.

 

Spurred on by shared values of commitment, vision, agility, and clarity, the Dorval AM Team has soared to the highest levels of Downhill

In 2019, the Dorval AM Competition Team was awarded UCI Elite team status for the first time and confirmed its position as one of the best training arenas worldwide for the Downhill specialization.

After winning prestigious titles in both 2019 and 2020, the Dorval AM Competition Team enjoyed a vintage year in 2021 as it notched up nine years of this successful partnership.

After winning Elite Team status several times, the DH mountain biking team was ranked second worldwide in the overall team classification, marking a major achievement in the sport.

In the women’s competitions, Camille Balanche, who already enjoyed success in 2020, confirmed her title as Women’s Elite DH World Champion, while Monika Hrastnik carried off the Slovenian DH Women’s Championship title. 

In the men’s competitions, Benoit Coulange confirmed his French championship title for the fourth year in a row and was named Men’s Elite DH World Vice-Champion. Baptiste Pierron enjoyed an impressive start to the season with third position in the World Cup, but after a severe fall, he was forced to sit out the rest of the season. In the junior category, Alix Francoz ended with a solid fourth place in the French DH Championships.

Meanwhile in Trial mountain biking events, the team pulled off some impressive showings: Manon Basseville confirmed her French Women’s Champion title for the seventh year in a row and Noah Cardona – competing to hold onto his French Men’s Trial Champion position – gave it his all in the final where he took third place.

Our Team has therefore confirmed its role as a successful training arena for top-tier racers.

In 2022, the Dorval AM Team has decided to refocus exclusively on Downhill, with Samuel Pierré joining the DH mountain biking team as team manager alongside sports manager Claude Pierré.

 

Mountain biking provides unique opportunities for team support and performance!

Dorval AM organizes a number of in-house events to enable its staff and clients to support racers during major competitions and during privileged events with the Dorval AM Team, offering a unique opportunity to share the team members’ experience, take a look behind the scenes and see how they prepare for competitions.

Louis Bert, Deputy Chief Executive Officer, said “We have every faith in our racers’ vast potential as we continue to support them on a daily basis and have a very unique personal relationship with our team, supporting and encouraging them in all their trips. With their combination of ambition, motivation and talent, our Dorval AM mountain bike team is in pole position to succeed”.

Dorval AM believes in the future of mountain biking and draws on this innovative partnership to pursue its investment in this sport in the way it has always done with its investment funds – offering its team of young champions all the resources they need for success.

 

Support our racers and follow them on the social networks!

  Team Dorval AM (Youtube)

  Team Dorval AM DownHill (Instagram)

  Team Dorval AM DownHill (Facebook)

 

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