BOUSSARD & GAVAUDAN GESTION SAS

BOUSSARD & GAVAUDAN GESTION SAS

BOUSSARD & GAVAUDAN GESTION SAS is a French asset manager registered with the Autorité des Marchés Financiers (AMF). The firm was founded by Pierre Boussard and Arnaud Gavaudan, both experienced practitioners in convertible bond arbitrage and volatility trading. It manages the Boussard & Gavaudan Gestion fund range, which includes the Boussard & Gavaudan Absolute Return Europe Fund and the Boussard & Gavaudan Strategy fund. The firm's strategy focuses on convertible bond arbitrage, volatility arbitrage, and event-driven strategies across European and global markets. It uses quantitative models to identify mispricings in convertible bonds, options, and other derivatives. Known for its disciplined risk management, the firm typically targets absolute returns with low correlation to broad equity markets. Portfolio holdings are not publicly disclosed in detail, but the firm has historically invested in convertible bonds of European corporates. Team size and AUM are not publicly disclosed. The firm operates from Paris, France, with no known additional offices. In 2023, the Boussard & Gavaudan Absolute Return Europe Fund was reported to have net asset value of approximately €400 million (per public filings, 2023). The firm may also manage separate accounts for institutional clients. A structural differentiator is the firm's specialization in convertible bond arbitrage — a niche strategy requiring deep quantitative and legal expertise. As an AMF-regulated entity, it maintains transparency and reporting standards typical of French asset managers. The partnership structure, with founders still involved, preserves alignment with fund investors.