Boussard & Gavaudan
- Company typePrivate
- Founded2002
- HeadquartersParis, France
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Boussard & Gavaudan does
Boussard & Gavaudan is an independent, Paris-headquartered multi-strategy investment management group founded in 2002 and 100% owned by its founders and partners. The firm operates through three wholly-owned regulated entities: Boussard & Gavaudan Gestion SAS (AMF-authorized in France, GP03008), Boussard & Gavaudan Investment Management LLP (FCA-authorized in the UK, FRN 612226, and SEC-registered), and Boussard & Gavaudan America LLC (SEC-registered, File 801-126465), with offices in Paris, London, and New York and approximately 60 employees.
The firm runs two product lines: the Boussard & Gavaudan Convertible UCITS fund, distributed in Institutional, Clean, and Retail/Institutional share classes across CHF, EUR, GBP, and USD, and a set of alternative investment hedge funds accessible to qualified investors. Investment strategies span convertible bond arbitrage, volatility arbitrage, gamma trading, merger/risk arbitrage, special situations, capital structure arbitrage, systematic trend-following across 2,000+ liquid equities, and an AI-based pattern recognition program built on 1,200 features from 250 financial environment variables. The firm operates market-neutral with a structurally long-convexity profile and emphasizes partner/employee co-investment as an alignment mechanism.
Revenue is generated primarily through management fees and performance fees on the funds. UCITS management fees range from 0.40% (I-EUR, capped until €100M AUM) to 1.60% (R-classes), with no performance fee on the Convertible fund, while hedge fund vehicles typically combine management and performance fees under standard industry terms. Distribution is direct and institutional: investor relations contacts in Paris (François-Xavier Baud), London, and New York manage relationships, with onboarding supported through a private investor portal hosted on DataSite.
Boussard & Gavaudan firmographics
Firmographics- Name
- Boussard & Gavaudan
- Legal name
- Boussard & Gavaudan Gestion SAS
- Website
- https://boussard-gavaudan.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Boussard & Gavaudan industry classification
Industry- Product category
- Alternative Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (52591), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Multi-Asset Absolute Return & Diversified Macro Funds (FSAAAJAH)
- akta.pro secondary industries
- Volatility & Options Macro (FSAHABAG), Cross-Asset Macro Relative Value (RV) (FSAHABAH)
Keywords
Where Boussard & Gavaudan is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices3 records
Markets served
Boussard & Gavaudan business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Management and Performance Fees: Boussard & Gavaudan generates revenue through management fees and performance fees charged on its alternative investment funds and UCITS funds. Fee structures vary by share class, with institutional share classes (e.g., I-EUR) charging 0.40% management fee, clean institutional share classes (e.g., P-EUR) charging 0.80%, and retail/institutional share classes (e.g., R-EUR) charging 1.60%.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Institutional CHF share class (I-CHF) with 0.80% management fee and no performance fee |
| Subscription | Annual | Institutional EUR share class (I-EUR) with 0.40% management fee, available until AUM reaches €100 million |
| Subscription | Annual | Institutional GBP share class (I-GBP) with 0.80% management fee and no performance fee |
| Subscription | Annual | Institutional USD share class (I-USD) with 0.80% management fee and no performance fee |
| Subscription | Annual | Clean CHF share class (P-CHF) with 0.80% management fee and no performance fee |
| Subscription | Annual | Clean EUR share class (P-EUR) with 0.80% management fee and no performance fee |
| Subscription | Annual | Clean GBP share class (P-GBP) with 0.80% management fee and no performance fee |
| Subscription | Annual | Clean USD share class (P-USD) with 0.80% management fee and no performance fee |
| Subscription | Annual | Retail/Institutional CHF share class (R-CHF) with 1.60% management fee and no performance fee |
| Subscription | Annual | Retail/Institutional EUR share class (R-EUR) with 1.60% management fee and no performance fee |
| Subscription | Annual | Retail/Institutional GBP share class (R-GBP) with 1.60% management fee and no performance fee |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Boussard & Gavaudan product offering
Product offeringCore offering
Boussard & Gavaudan is an independent multi-strategy investment management group that manages alternative investment funds and UCITS funds. The firm applies fundamental analysis combined with expertise across financial instruments (equity, credit, volatility) through strategies including convertible bond arbitrage, volatility arbitrage, merger arbitrage, special situations, capital structure arbitrage, systematic trend following, and macro trading. Core offerings include the Boussard & Gavaudan Convertible UCITS fund (with multiple currency share classes) and alternative investment hedge funds accessible to qualified investors.
Product overview
Boussard & Gavaudan is an independent investment management group offering a multi-strategy alternative investment platform. The core product portfolio consists of UCITS funds (Boussard & Gavaudan Convertible Fund with multiple currency share classes) and Hedge Funds. The firm applies a multi-strategy investment approach combining fundamental analysis with expertise across financial instruments, operating across asset classes including equity, credit, and volatility strategies.
Differentiator
Problem solved
Functional benefit
Products and services
- Boussard & Gavaudan Convertible Fund A UCITS fund primarily exposed to European and North American companies through convertible bonds, investing across multiple drivers of convertible bond returns. Available in multiple currency share classes (CHF, EUR, GBP, USD) and share types (Institutional, Clean, Retail/Institutional) with management fees ranging from 0.40% to 1.60% and minimum holdings from €1,000 to €20,000,000.
- Boussard & Gavaudan Hedge Funds Alternative investment hedge funds managed by the group, accessible to qualified investors, offering exposure to special situations, merger arbitrage, volatility strategies, systematic trend following, capital structure arbitrage, and AI-driven trading strategies.
Quantifiable outcome
- 20+ years of successful investment track record
- +2 more outcomes
Companies that use Boussard & Gavaudan
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles1 record
Boussard & Gavaudan technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Boussard & Gavaudan partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- United Nations Principles for Responsible Investment (UN PRI)coreBoussard & Gavaudan is a signatory to the UN PRI, committing to incorporate ESG principles into its investment analysis and decision-making processes, implement exclusion lists for controversial weapons, apply ESG factors in investment research, maintain active engagement and voting policies, and ensure transparency in reporting to investors.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Boussard & Gavaudan competitors and assessment
Company assessmentBroad incumbents
- Man Group: Man Group is a global, publicly-listed multi-strategy alternatives manager combining discretionary and systematic strategies (AHL), with multi-asset reach and UCITS/hedge fund vehicles. Comparable to BG as a multi-strategy alternatives platform with discretionary and quant capabilities, though at much greater scale.
- Lazard Asset Management: Lazard Asset Management is a global asset manager offering multi-asset and alternative strategies including convertible arbitrage. Comparable to BG in offering convertible bond strategies to institutional clients, though at a much larger scale as part of a global investment bank affiliate.
- GAM Holding AG: GAM is a Swiss-listed active asset manager offering multi-asset and alternative strategies including convertible bond funds. Comparable to BG in offering convertible bond and alternative UCITS vehicles to European institutional and retail clients.
Direct peers
- Brevan Howard Asset Management: Brevan Howard is an independent, founder-partner-owned macro and multi-strategy hedge fund manager based in London with global offices. Highly comparable to BG in independent ownership structure, multi-strategy absolute-return approach, and London/European institutional orientation.
- Capula Investment Management: Capula is a London-based, partner-owned multi-strategy hedge fund manager with fixed income relative value, credit, and macro capabilities. Comparable to BG in size, partner-owned structure, and multi-strategy absolute-return focus.
- Egerton Capital Partners: Egerton is a London-based long-short equity and event-driven hedge fund manager. Comparable to BG as a European, partner-owned alternatives boutique with special situations and merger arbitrage orientation.
- BlueCrest Capital Management: BlueCrest is a founder-owned, multi-strategy alternatives manager with discretionary and systematic strategies. Comparable to BG in independent, partner-owned structure and multi-strategy approach across asset classes.
- Rokos Capital Management: Rokos is a London-based macro and multi-strategy hedge fund firm. Comparable to BG in European institutional orientation, multi-asset expertise, and partner-owned structure.
- Caxton Associates: Caxton Associates is a global, multi-strategy macro and discretionary hedge fund firm. Comparable to BG in breadth of strategies (currencies, rates, equities, commodities) and multi-strategy absolute-return positioning.
Emerging players
- CQS (Citadel Quantitative Strategies was unrelated; CQS is the UK credit-focused firm): CQS is a London-based multi-strategy credit-focused asset manager with UCITS vehicles. Comparable to BG as a London-based alternatives manager with multi-strategy credit expertise and UCITS distribution, though more credit-anchored.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Boussard & Gavaudan social profiles
Digital presenceBoussard & Gavaudan compliance and trust
Trust signalCompliance5 records
Boussard & Gavaudan financial estimates
Financial estimateRevenue estimate
Valuation estimate
Boussard & Gavaudan leadership team
Management profileNumber of profiles
Profiles1 record
Boussard & Gavaudan subsidiaries and ownership
Company hierarchySubsidiaries3 records
Boussard & Gavaudan funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Boussard & Gavaudan M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Boussard & Gavaudan
What does Boussard & Gavaudan do?
Boussard & Gavaudan is an independent multi-strategy investment management group that manages alternative investment funds and UCITS funds. The firm applies fundamental analysis combined with expertise across financial instruments (equity, credit, volatility) through strategies including convertible bond arbitrage, volatility arbitrage, merger arbitrage, special situations, capital structure arbitrage, systematic trend following, and macro trading. Core offerings include the Boussard & Gavaudan Convertible UCITS fund (with multiple currency share classes) and alternative investment hedge funds accessible to qualified investors.
Is Boussard & Gavaudan a public or private company?
Boussard & Gavaudan is a private company. It is classified as management employee owned and is currently operating.
When was Boussard & Gavaudan founded?
Boussard & Gavaudan was founded in 2002. It employs 51 to 100 people.
Where is Boussard & Gavaudan based?
Boussard & Gavaudan is headquartered in Paris, France, in the Europe region.
How does Boussard & Gavaudan make money?
One revenue line is on record: management and Performance Fees.
Who are Boussard & Gavaudan's main competitors?
Broad incumbents on record are Man Group, Lazard Asset Management and GAM Holding AG. Direct peers are Brevan Howard Asset Management, Capula Investment Management, Egerton Capital Partners, BlueCrest Capital Management, Rokos Capital Management and Caxton Associates. CQS (Citadel Quantitative Strategies was unrelated; CQS is the UK credit-focused firm) is listed as an emerging player.
Does Boussard & Gavaudan have an API?
No public API is recorded for Boussard & Gavaudan.
What industry is Boussard & Gavaudan in?
Boussard & Gavaudan's product category is Alternative Investment Management. Its primary akta.pro industry code is FSAAAJAH, Multi-Asset Absolute Return & Diversified Macro Funds, with a secondary code of FSAHABAG, Volatility & Options Macro. Its NAICS code is 523940 and its SIC code is 6282.