Experienced asset managers join forces to launch investment firm focusing on maximizing Return On Capital Employed.
Timothée Malphettes, Michael Niedzielski and Matthieu Bordeaux-Groult have partnered to launch ROCE Capital, a Paris-based fundamental long-only investment fund fo- cusing principally on European-listed equities.
The firm will be led by CEO Matthieu Bordeaux-Groult, a former equity sales and Partner at Exane BNP Paribas. As Chief Executive Bordeaux-Groult will oversee the develop- ment and operations of ROCE Capital.
When asked about the name of the new firm, Bor- deaux-Groult said they chose ROCE Capital in reference to the Return On Capital Employed financial metric, a ratio that, according to him, is ‘too often overlooked by inves- tors’. Naturally, the ROCE ratio will be used as a key indica- tor when screening for investments.