Shareholders

we intend to continue our efforts by focusing all our expertise on opening up all possible strategic options to counter this permanently unfavorable environment. I am confident in our ability to strengthen the tandem of "attractive performance" and "capital protection" for our clients.

Dominique Ceolin, CEO of ABC arbitrage
  • 1995-2000

  • 2001-2005

  • 2006-2009

  • 2010-2016

  • 2017-2019

1995/1996: The beginning

At the beginning, ABC arbitrage focused its development on selling its expertise as a consultancy to institutional investors, thus ensuring an initial flow of recurrent revenues to build up its capital base. ABC arbitrage generated profits as of its first fiscal year.

1997/2000: Validation of the industrial business model

As of 1997, ABC arbitrage began to invest its own assets in different markets in Europe and in the US.  Beginning with the 1999 fiscal year, investment of its own assets generated the majority of its operating earnings. On February, 1999, ABC arbitrage was listed on the “Marché Libre”, Euronext Paris.

2001/2003 : Years of consolidation

In 2001, ABC arbitrage reinforced its organization to optimize performance. To that end, it created a corporate governance structure in March 2001 to oversee operations in the interest of its shareholders.

On February 13, 2003, ABC arbitrage successfully transferred its assets to the “Second Marché”, Euronext Paris, compartment B.

2001/2003 : Lauch of third party asset management services

During this period, the group demonstrated the relevance of its organization and the flexibility and quality of its approach, capable of responding to all market developments and of facing increased competition. This generated request from outside investors, interested in benefiting from its expertise and proven track record, enabling ABC arbitrage to develop a major project for third party asset management services.

To this end, the group set up ABC arbitrage Asset Management, approved by the Autorité des Marchés Financiers (AMF – French stock market authority), thus allowing the company to commercialize its know-how and manage assets for outside investors.

2006/2007 : Horizon 2010

ABC arbitrage implemented its “Horizon 2010” project in 2006. Through this program, ABC arbitrage has implemented a high incentive mechanism to foster a true convergence of interests between shareholders and staff, to undertake forwardlooking projects and ensure the company’s sustained growth and development.

In 2007, ABC arbitrage Asset Management extended its offer for third party asset management, by creating its first Irish-based alternative investment fund, open to qualified investors.

2008/2009 : Market recognition

In 2008 and 2009, ABC arbitrage group generated record profits. ABC arbitrage surpassed its “Horizon 2010” goals one year ahead of schedule, with cumulated net earnings of €106 million in 2006 to 2009.

 

2010/2013 : New Horizon

Having moved into new offices at 18 rue du 4 Septembre (in the heart of the Paris in the financial district), the group now has state-of-the-art facilities to enable it to boost performance and, in particular to launch new third-party investment funds and to launch its “Horizon 2015” program.

2014/2016 : Ambition 2016

In 2013, faced with this radical change in the markets, ABC arbitrage laid the foundations for a new growth plan, “Ambition 2016”. There are four main pillars to the plan: recruitment,  geographical expansion, innovation and asset management. This plan is particularly illustrated by the opening of Quartys in Dublin, the opening of ABC arbitrage Asset Management Asia in Singapore, and the acquisition of AIFM approval for ABC arbitrage Asset Management.

 

2017/2019 : Step Up 2019

The “Step Up 2019” program is focused on pursuing the development of low-volatility strategies and IT and R & D investments on the Group’s historical strategies in order to better cope with the market environment that has emerged since 2012. In the long term, investments must be able to develop the group’s management capabilities and improve the stability of results in a majority of market contexts.