Athymis Gestion

What Athymis Gestion does

Athymis Gestion is a privately held French portfolio management company (Société Anonyme) founded in February 2008 and headquartered at 10 Rue Notre Dame de Lorette in Paris. The firm operates under AMF Agrément Général GP 08000035 and ORIAS registration 15005566, and is a UNPRI signatory since 2018. Athymis Gestion's core activity is the management of six mutual funds (OPCVM) spanning two product lines: four thematic equity funds — Athymis Millennial, Athymis Trendsetters Europe (PEA-eligible), Athymis Better Life, and Athymis Industrie 4.0 — and two fund-of-funds allocation products — Athymis Global and Athymis Patrimoine — plus a dedicated fund (Spiridon). The firm supplements these with ADVANCED by Athymis, a multi-management life-insurance contract hosted on SPIRICA's platform.

The investment process rests on proprietary qualitative frameworks: Athymis ESG Master, a stakeholder-based ESG scoring tool used across equity funds, plus multi-criteria qualitative filters (six criteria for Trendsetters Europe, nine for Millennial) that score issuers on dimensions such as rule-making capacity, HR attractiveness, societal engagement, valuation, and momentum. These methodologies are applied by a 9-person team led by President Stéphane Toullieux (majority owner since May 2015, previously Directeur Général at Financière de l'Echiquier), with portfolio managers Guillaume Gandrille and analyst Valentin Bordeau, supported by commercial and compliance functions.

Revenue is generated through annual management fees ranging from 1.20% to 2.40% TTC depending on the share class, plus retrocessions on the ADVANCED life-insurance contract (up to 1.2% advisor remuneration, 0.6% other fees). Distribution is split between independent wealth management advisors (CGPI), PEA and assurance-vie wrappers, institutional mandates, and banking networks (BNP Paribas Securities Services as depositary, UBS as private wealth partner). No AUM, revenue, or fundraising data is publicly disclosed.

Name

Athymis Gestion

Legal name

Athymis Gestion

Website

https://athymis.fr

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Athymis Gestion is a privately held Paris-based French asset manager running six mutual funds across thematic equity (Millennial, Trendsetters Europe, Better Life, Industrie 4.0) and fund-of-funds allocation (Global, Patrimoine), distributed via CGPI advisors, life-insurance wrappers, and institutional mandates.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Finance and Insurance (52), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)

akta.pro secondary industries

Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC), Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI), Retirement & Distribution Planning RIAs (401(k)/IRA/Pension Rollovers) (FSAAACAE)

Keywords

• Asset management
• Thematic equity funds
• Fund of funds
• Wealth management advisory
• ESG investing

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Management fees on mutual funds: Athymis Gestion manages 6 mutual funds (OPCVM) generating revenue through annual management fees. Fee rates vary by fund: Patrimoine at 1.40%, Global at 2.40%, Trendsetters Europe Part P at 2.00% and Part I at 1.40%, Millennial Part P at 2.00% and Part I at 1.2%
2. Life insurance contract ADVANCED: First multi-management life insurance contract with fixed remuneration. Advisor receives up to 1.2% annually on assets invested in unit-linked accounts, with additional 0.6% in other fees

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Athymis Gestion is a French asset management company that designs, manages, and distributes a range of mutual funds (OPCVM) including thematic equity funds (Millennial, Trendsetters Europe, Better Life, Industrie 4.0) and diversified fund-of-funds allocation products (Global, Patrimoine), plus a dedicated fund (Spiridon). The firm also operates ADVANCED by Athymis, a multi-management life insurance contract with fixed advisor remuneration hosted on the Spirica platform. Products are distributed primarily to independent wealth management advisors (CGPI), private banks, and institutional clients via banking and insurance networks, with revenue generated through recurring annual management fees and life insurance advisory fees.

Product overview

Athymis Gestion is a French asset management company offering 8 mutual funds (FCP) spanning thematic equity funds and fund-of-funds allocation products. The thematic funds include Athymis Millennial (Millennial consumption trends), Athymis Trendsetters Europe (PEA-eligible European trend-setters), Athymis Better Life (sustainable development/Better World), and Athymis Industrie 4.0 (Fourth Industrial Revolution). The allocation range includes Athymis Global (dynamic international diversified fund of funds), Athymis Patrimoine (conservative diversified fund of funds), and Spiridon (dedicated diversified fund). The product suite is complemented by ADVANCED by Athymis, an innovative life insurance (assurance-vie) contract with fixed-fee multi-management, hosted on the Spirica platform, accessible through wealth management advisors.

Differentiator

Problem solved

Functional benefit

Brands

• ADVANCED by Athymis: The first multi-management life insurance contract with fixed remuneration, designed for wealth management advisors. Hosted on the Spirica platform (2nd largest life insurer in France).
• Athymis ESG Master
• Athymis at Glance

Products and services

• Athymis Millennial An international equity fund that selects companies best positioned to address Millennial generation trends and new millennium themes, focusing on social networks, high technology, education, financial services, health and fitness, while excluding tobacco. Targeted at investors seeking thematic international equity exposure via PEA or life insurance wrappers.
• Athymis Trendsetters Europe A PEA-eligible European equity fund investing in trend-setting companies that benefit from durable societal shifts in demography, environment, and digitization, including decarbonization, alternative energy, health, nutrition, and urbanization, screened through 6 proprietary qualitative criteria (Rule maker, Rule breaker, RH Attractivity, Societal engagement, Valuation, Momentum). Targeted at French investors seeking European thematic equity exposure via PEA.
• Athymis Better Life An international equity fund investing in companies that contribute to building a better world by addressing sustainable development themes such as health, security, energy transition, and circular economy. Uses Athymis's proprietary ESG scoring methodology to evaluate stakeholder treatment (employees, suppliers, clients, shareholders, environment, society) relative to benchmark. Targeted at ESG-aware investors.
• Athymis Industrie 4.0 An international equity fund focused on the Fourth Industrial Revolution, investing in companies involved in automation, data exchange, cloud, cyber-physical systems, robotics, Big Data, artificial intelligence, and the Internet of Things. Selection uses a proprietary filter combining 4 qualitative criteria with 2 quantitative criteria (valuation and momentum). Targeted at thematic tech/industrial investors.
• Athymis Global An international dynamic diversified fund of funds investing up to 90% in French and European coordinated OPCVM funds, with a benchmark of 60% MSCI World All Countries EUR dividends reinvested plus 40% €STR Capitalized. Managed by Arnaud Chesnay with active asset allocation between fixed income and equities. Annual management fee 2.40% TTC maximum. Targeted at investors seeking diversified international allocation.
• Athymis Patrimoine A diversified fund of funds with maximum 35% equity exposure, designed to significantly outperform euro-denominated funds, with collective management and dynamic asset class allocation across OPCVM products, fixed income, and convertibles. Annual management fee 1.40% TTC maximum. Targeted at conservative diversified savings.
• Spiridon A dedicated diversified fund of funds with maximum 50% equity exposure and dynamic asset allocation between fixed income and equities, using historical performance and volatility analysis to select target OPCVM products. Annual management fee 1.80% TTC maximum. Targeted at institutional/dedicated mandate clients.
• ADVANCED by Athymis The first multi-management life insurance contract with fixed remuneration for wealth management advisors, allowing advisors to set their own remuneration up to 1.2% per year on unit-linked assets under management, with 0.6% in other fees. Favors institutional fund shares and ETFs to avoid double billing. Hosted on the Spirica platform and distributed via independent wealth management advisors, private banks, and online brokers.

Quantifiable outcome

• Athymis Better Life 2025 performance: +12.12%
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• BNP Paribas Securities ServicescoreChannel Partner/ Reseller/ DistributorBPSS is the depositary for the entire Athymis fund range. It handles settlement-delivery of all transactions executed by Athymis and investor orders on products. Present in 32 countries covering 100+ markets with 7,000 employees, BPSS is the leading securities services provider in Europe and 5th globally with €4,641 billion in assets under custody.
• BNP Paribas Financial ServicescoreTechnology or IntegrationBPFS, an entity of BPSS, values Athymis portfolios on a daily basis. It values 6,329 funds representing total assets of €771 billion.
• 99 AdvisorycoreImplementation/ SI/ Consulting Partner99 Advisory assists Athymis with risk control, ethics, compliance, internal control, and AMF directive monitoring. Founded in 2009 with 200 employees and over 300 clients.
• Fund ChannelcoreChannel Partner/ Reseller/ DistributorFund Channel platform manages retrocessions for Athymis - calculating, collecting, and transferring amounts due by asset management companies to Athymis funds. A subsidiary of Crédit Agricole created in 2005, Fund Channel serves 160 management companies and 60 institutionals representing 13,530 funds.
• SPIRICAcoreChannel Partner/ Reseller/ DistributorSPIRICA is the 2nd largest life insurer in France hosting the innovative ADVANCED by Athymis life insurance contract created in 2016. A 100% subsidiary of Crédit Agricole Assurances, it specializes in innovative and tailored life insurance solutions distributed through independent wealth management advisors, private banks, and online brokers.
• UBSminorChannel Partner/ Reseller/ DistributorUBS has been Athymis Gestion's private wealth management partner for many years. UBS is a financial institution serving private, institutional, and commercial clients worldwide, operating in major financial centers with agency network covering more than 50 countries.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Ofi Invest: One of France's largest independent asset managers with broad multi-asset and thematic fund ranges, distributed through banking networks (Crédit Agricole affiliated), CGPIs and life insurance. Overlaps Athymis across asset allocation, thematic equity and Spirica/Fund Channel-style distribution but at much greater scale.
• Lazard Frères Gestion: French arm of Lazard's asset management business offering active equity and multi-asset strategies to institutional and retail wealth clients in France, including via life insurance wrappers. Overlaps Athymis in active long-only equity and French wealth distribution at significantly larger AUM scale.
• Federal Finance Gestion: French asset management subsidiary of Crédit Mutuel Arkéa (now integrating with Arkéa Investment Services) offering thematic, SRI and asset allocation funds distributed across banking networks. Overlaps Athymis on French retail thematic and SRI fund distribution via partner banks.
• Rothschild & Co Asset Management: French and European asset manager offering thematic/concept equity funds (R-co thematic ranges) and discretionary management for private wealth clients. Comparable to Athymis in thematic equity capabilities and French private wealth positioning, but with substantially broader institutional and international reach.

Direct peers

• Mandarine Gestion: Independent Paris-based asset manager offering thematic equity funds (Mandarine Unique, Future of Finance, etc.) and multi-asset products, distributed through French CGPIs and life insurance contracts. Closely comparable to Athymis on thematic/sustainable equity focus, scale (small-mid boutique) and French retail wealth distribution.
• Ecofi Investissements: French SRI/ESG-focused asset management subsidiary of Crédit Mutuel Arkéa offering thematic and conviction equity funds for retail and institutional clients. Directly comparable to Athymis on the ESG-led thematic equity angle, French retail distribution and similar boutique scale.
• DNCA Finance: Independent French asset manager with a strong track record in conviction equity and asset allocation funds distributed through CGPIs and life insurance wrappers (especially via Spirica and others). Highly comparable to Athymis given shared CGPI/Spirica-style distribution, ESG integration and multi-asset offerings.
• Sycomore Asset Management: Independent French asset manager specializing in sustainable and responsible investment, offering thematic and conviction equity funds (e.g. Sycomore Happy @ Work, Ecumenicals) distributed via CGPIs and life insurance. Directly comparable to Athymis on the ESG/thematic equity proposition and French independent AM positioning.
• La Financière Responsable (LFR): Paris-based independent asset manager focused on responsible investment, offering SRI-labelled funds distributed via CGPIs. Athymis gérant associé Guillaume Gandrille worked there, and the firm is closely comparable on ESG-thematic retail distribution in France.
• Financière de l'Echiquier: Independent French asset manager offering thematic and conviction-driven equity and fund-of-fund strategies to retail and institutional clients. Highly comparable to Athymis in product mix (thematic/conviction funds, multi-management), French CGPI distribution focus and founder-led culture; Athymis President Stéphane Toullieux spent 13 years there as Directeur Général.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Athymis
• LinkedInlinkedin.com/company/athymis-gestion

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Athymis Gestion