Papy Bakayoko

Papy joined the company in 2007. He holds a bachelor degree in econometrics from the Université des Sciences et Technologie de Lille, a DESS – International Financial Analysis from Ecole Supérieure des Affaires de Lille, as well as a Master in Science – Financial Engineering, from HEC Montreal.  His expertise in financial and econometric mathematics is put to work in the identification, analysis and validation of investment opportunities for the Amethyst Arbitrage Fund.  Holder of the CFA title since 2011, his expertise covers convertible securities & merger/acquisition arbitrage, as well as other equity quant strategies.  Before joining the firm, Papy worked as credit analyst for the Banque of France.



Even though the period was marked by an unusual combination of upward trends, on both the equity and bond markets, and by a remarkable about-face by the U.S. Federal Reserve (the Fed), the Amethyst Fund performed well at the start of the year. The Fund’s three segments were able to seize opportunities and deliver attractive […]


In the fourth quarter, the economic and political news was marked by a synchronized global economic upsurge, rapidly expanding corporate profits, the adoption of a sweeping tax reform bill in the U.S. and somewhat eased geopolitical tensions.


A multitude of risk factors have unsettled the markets during the first six months of the year.


Fortunately, the North American economy continues the expansionary momentum en-joyed over the last 5 years. Despite some ambiguous data, the improving economic conditions are palpable. We do not see any signs of a pending recession, therefore North American equity markets should do well. The risks perceived by investors are related primarily to three concerns.


Q3 2014 allowed some financial terms, absent from our lexicon for several years to resurface. Indeed, despite globalization which has been accelerating for decades, many economists and investors are now once again arguing in favor of the “decoupling” of economies to the benefit of the US and UK and to the detriment of Europe and […]