H2O Asset Management has launched an emerging markets-focused fund for recent recruit Thomas Delabre, Citywire Global has learned.
The former Amundi man joined the London-based fund house to little fanfare in October 2014.
The group, which is overseen by Citywire AAA-rated manager Bruno Crastes (pictured), formally launched the H2O Mutliemerging Debt fund for French investors at the end of January.
It invests in sovereign and corporate emerging market debt, as well as in G10 currencies. The fund aims to outperform its composite index by 2.5% per year.
Delabre was previously highlighted by Citywire Global as one of the best risk-adjusted emerging market debt managers back in September 2011.
This was for his performance on the Amundi Funds Global Emerging Local Currency fund, which was subsequently taken on by Sergei Strigo. Another previous manager on this fund was Loïc Cadiou, who joined H2O AM from Amundi in 2010.