A conviction based management approach

DNCA is an asset management company founded in 2000 by three wealth management specialists on behalf of private and institutional clients

Over the years, founders have built a skilled and experienced management team to develop a range of simple, understandable and performing funds around 4 areas of expertise : European equities (“long only” and “absolute return”), Diversified management, Convertibles bonds and Eurozone bonds.

We offer a comprehensive range of products composed of 25 mutual funds French and Luxembourg domiciled (FCP and SICAV) organized in four areas of expertise: Fixed Income, Absolute Return, Diversified, Equities and managed with a team of 22 portfolio managers.

Our investment decisions are the result of an in depth fundamental analysis of companies. Before investing, our fund managers make a global analysis of each position in order to select bonds and / or equities with superior risk-adjusted performance. Our wealth management approach led us to adopt a systematically cautious bias.

Executive committee

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Eric Franc

Eric Franc started his career at Invesco France in 1992 as head of distribution before joining the AXA group in 1995, first as AXA Investment Managers’ head of distribution for Western Europe and then as AXA Wealth Management CEO from 2002 to 2009.

He became CEO of Banque Privée 1818 in November 2009 and Chairman of Natixis Bank (Luxembourg). He is member of the Natixis Executive Committee as head of the private banking business line.

He joined DNCA Finance on 1 September 2014 as Chief Executive Officer.

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Jean-Charles Mériaux, Fund manager and CIO

Jean-Charles Mériaux is a graduate of HEC Paris School of Management.

After starting his career at Crédit Foncier de France, he joined Oddo & Cie in 1987. In 1994, he joined LCF Edmond Rothschild Asset Management, where he became a member of the Executive Board and Head of French and European Equities Management. He launched and managed funds Tricolore performance and Saint-Honoré Convertibles.

He joined DNCA Finance as an associate manager in October 2002. He became CEO of DNCA Finance between October 2005 to August 2014 and President between September 2014 and June 2015.

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Cyril Freu, Absolute Return manager and Deputy CIO


Cyril Freu is a qualified member of the French financial analysts’ association (SFAF) and also holds a postgraduate degree in Finance from Sciences-Po Paris and a master’s degree from Paris IX Dauphine University.

In 1998, he began his career as a sell-side financial analyst, firstly at CPR Finance then at IXIS Securities. In 2005, he was elected best financial analyst across all sectors (Agefi Extel Focus France survey). In 2006, he moved to the proprietary management team at IXIS CIB, which became Natixis, managing a diversified portfolio covering fundamental valuation strategies. Cyril joined DNCA Finance in 2009 to set up and manage the Absolute return fund range.

He became Deputy CIO of DNCA Finance in 2014.

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Grégoire Scheiff, Associate director

Grégoire Scheiff holds a postgraduate specialist diploma in Management.

He started his career as a fund manager at Oddo & Cie In 1989, became member of Oddo Asset Management’s executive board and then head of equities management. He launched and managed Oddo Avenir (French small cap) and Oddo Generation ( French entrepreneurial companies).

He joined DNCA Finance as an associate director in January 2003.

Highlights