Ellipsis AM, an asset management company of the Kepler Cheuvreux Group, announces that it has reached €11.6 billion in assets under management[1], starting at €2.2 billion when it joined the Group, more than four years ago.

This milestone reflects the accelerating growth of Ellipsis AM, driven by the strengthening of its historical areas of expertise, the diversification of its offering and the synergies developed with Kepler Cheuvreux’s various activities. Ellipsis AM is now structured around three complementary divisions: Convertibles & Credit, Alternative & Risk Mitigation Strategies and Solution Funds.

Four years of growth and innovation

In 2024, Ellipsis AM has strengthened its positioning in convertible bonds and credit, with the acquisition of the convertible bond management business of Edmond de Rothschild Asset Management.

More recently, the company has continued to develop its alternative and hedging strategies, notably with Ellipsis Optimal Solutions – Alternative Hedging, while expanding its absolute return offering with a new fund, Ellipsis Global Credit Opportunities.

Historically focused on institutional clients, Ellipsis AM has significantly diversified its investor base in recent years. In synergy with the Group, it also serves Tier 1 corporates through the Solution Funds division, as well as wealth managers across Europe, including private banks and family offices.

Sébastien CARON, CEO & CIO of Ellipsis AM, declares: “Innovation and agility are at the heart of our strategy. We continuously develop new investment solutions to address client needs and evolving market conditions. Our success is a collective achievement, driven by the expertise and commitment of our teams.“

Frédéric MÉRON, Group CEO of Kepler Cheuvreux, adds: “The success of Ellipsis AM illustrates the Group’s ability to support the development of specialist firms by giving them access to its international distribution network, its areas of expertise, notably its research, and its support functions. The synergies developed within Kepler Cheuvreux have enabled Ellipsis AM to accelerate its growth while preserving its independence and its DNA.”

[1] As of 30/09/2026. The assets under management presented comprise two components: on the one hand, Ellipsis AM’s assets under management and, on the other, the notional value of client assets hedged under overlay strategies. This notional value does not correspond to assets held by or entrusted to Ellipsis AM for management: the management carried out in this respect covers only a portion of this notional amount, determined according to the characteristics of each mandate.