Olivier Wargny

Operates hotels

Manufactures bread and fresh pastry

HOGEP is an active investor with a bias towards value investing. The firm manages portfolios invested in equity and fixed-income with a focus on European and French securities. They have no market cap restrictions but primarily select blue-chips and large-cap companies. The firm combines both top-down and bottom-up strategies. They base asset allocation on fundamental macroeconomic research and stockpicking on fundamental microeconomic analysis. HOGEP aims to identify companies with market leading positions, strong financial results and good growth potential as well as companies undergoing structural transformations. As a fixed-income investor the firm selects investment-grade securities, primarily government bonds from the Euro-zone.