SYZ Asset Management, the institutional arm of Swiss banking group SYZ & CO, announced on Tuesday the arrival of Michael Clements as Head of European Equities. He will be heading up the London-based team of fund managers and analysts and will manage the OYSTER European Opportunities, OYSTER European Selection and OYSTER Continental European Selection funds. He is joined by Claire Manson, who will be taking over the management of the OYSTER European Mid & Small Cap fund. Both were previously with Franklin Templeton.
With a five-star fund (Morningstar rankings) and an AA in the Citywire ratings, Michael Clements holds a renowned franchise in European equities management. This success has been recognized by a strong influx of assets: the size of the fund he managed at Franklin Templeton increased ten times during his tenure, and the fund announced a 'soft close' for new investors shortly prior to his departure.
After six years with Franklin Templeton, Michael Clements has now been appointed Head of European Equities for SYZ Asset Management. Together with his team of London- and Edinburgh-based analysts and managers, he will be managing flagship funds OYSTER European Opportunities, OYSTER European Selection and OYSTER Continental European Selection. He is taking over the position from Eric Bendahan, who has chosen to follow new career opportunities after nine years spent at SYZ & CO.
Clements's investment style is in line with that of the previous manager. His strategy is characterized by an active management style, with a focus on strong alpha generation based on a bottom-up approach, an absence of style or cap bias and strong convictions.
Claire Manson will be taking over the management of the OYSTER European Mid & Small Cap fund, replacing William Sharp. Manson was part of Michael Clements' management team, having joined Franklin Templeton in 2009. She will be applying the same investment approach to small- and mid-caps.
'Michael Clements is one of those rare investors whose style rests on the management of convictions based on fundamental research. This approach is perfectly in line with our DNA and his results have been recognized by numerous awards', declared Eric SYZ, CEO of SYZ Group and head of SYZ Asset Management. 'Claire Manson and I both found the entrepreneurial model and active management style of SYZ Asset Management particularly appealing', added Clements.