ELLIPSIS AM exceeds THE €10BN ASSETS UNDER MANAGEMENT MILESTONE, 4 YEARS AFTER JOINING THE KEPLER CHEUVREUX GROUP 

Paris, 10 November 2026

Ellipsis AM, an asset management company of the Kepler Cheuvreux Group, announces that it has reached €11.6 billion in assets under management^[1], starting at €2.2 billion when it joined the Group, more than four years ago.

This milestone reflects the accelerating growth of Ellipsis AM, driven by the strengthening of its historical areas of expertise, the diversification of its offering and the synergies developed with Kepler Cheuvreux’s various activities. Ellipsis AM is now structured around three complementary divisions: Convertibles & Credit, Alternative & Risk Mitigation Strategies and Solution Funds.

Four years of growth and innovation

In 2024, Ellipsis AM has strengthened its positioning in convertible bonds and credit, with the acquisition of the convertible bond management business of Edmond de Rothschild Asset Management.

More recently, the company has continued to develop its alternative and hedging strategies, notably with Ellipsis Optimal Solutions – Alternative Hedging, while expanding its absolute return offering with a new fund, Ellipsis Global Credit Opportunities.

Historically focused on institutional clients, Ellipsis AM has significantly diversified its investor base in recent years. In synergy with the Group, it also serves Tier 1 corporates through the Solution Funds division, as well as wealth managers across Europe, including private banks and family offices.

Sébastien CARON, CEO & CIO of Ellipsis AM, declares:
“Innovation and agility are at the heart of our strategy. We continuously develop new investment solutions to address client needs and evolving market conditions. Our success is a collective achievement, driven by the expertise and commitment of our teams.”

Frédéric MÉRON, Group CEO of Kepler Cheuvreux, adds:
“The success of Ellipsis AM illustrates the Group’s ability to support the development of specialist firms by giving them access to its international distribution network, its areas of expertise, notably its research, and its support functions. The synergies developed within Kepler Cheuvreux have enabled Ellipsis AM to accelerate its growth while preserving its independence and its DNA.”

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IMPORTANT INFORMATION

This marketing document is intended solely for information purposes and does not constitute investment advice on financial products. Owing to its simplified nature, the information contained in this document may be incomplete. It may be subjective and is subject to change without notice. All data has been prepared in good faith on the basis of market information. Where any of this information comes from external sources, its accuracy cannot be guaranteed.

The investment relates to the subscription of units in a collective investment undertaking and not to the underlying assets. UCIs do not offer any capital guarantee.

The offer of UCI units may be restricted or prohibited by law in certain jurisdictions. Before any offer is made, it should be verified in which countries the UCI(s) referred to in this document are registered for marketing. The UCI may not be subscribed for or held by a Non-Eligible Person or a Non-Eligible Intermediary (see the “Target subscribers” section of the prospectus).

This document may not be reproduced in any form whatsoever or passed on to any person other than the addressee without the prior written consent of Ellipsis AM.

Additional information for Switzerland:

The country of origin of the funds mentioned is France. In Switzerland, the representative is Acolin Fund Services AG, Maintower, Thurgauerstrasse 36/38, 8050 Zürich, and the paying agent is Banque Cantonale de Genève, 17 quai de l’Ile, CH-1204 Genève. The prospectus, the key investor information documents, the fund rules or articles of association, and the annual and semi-annual reports may be obtained free of charge from the representative.

Additional information for Canada:

Ellipsis AM is not registered as a dealer in any jurisdiction of Canada and is marketing the fund to you in reliance on an exemption from the dealer registration requirement under NI 31-103. Ellipsis AM’s head office and principal place of business are located in France. It may be difficult to enforce legal rights against Ellipsis AM because all or a substantial portion of its assets may be situated outside Canada. The name and address of the agent for service of process for Ellipsis AM in each Canadian jurisdiction in which it relies on the exemption are as follows:

(1) Alberta: Borden Ladner Gervais LLP (Attention: Jon Doll), Centennial Place, East Tower, 1900, 520 - 3rd Avenue SW, Calgary, Alberta T2P 0R3

(2) British Columbia: Borden Ladner Gervais LLP (Attention: Michael T. Waters), 1200 Waterfront Centre, 200 Burrard Street, P.O. Box 48600, Vancouver, B.C. V7X 1T

(3) Manitoba: MLT Aikins LLP (Attention: W. Douglas Stewart), 30th Floor - 360 Main Street, Commodity Exchange Tower, Winnipeg, Manitoba R3C 4G1

(4) Newfoundland and Labrador: Stewart McKelvey (Attention: Tauna Staniland, K.C.), Cabot Place, 100 New Gower St., PO Box 5038, Stn. C, St. John’s, Newfoundland A1C 5V3

(5) Nova Scotia: Stewart McKelvey, Queen’s Marque, 600 – 1741 Lower Water Street, Halifax, Nova Scotia B3J 0J2

(6) Ontario: Borden Ladner Gervais LLP (Attention: Matthew P. Williams), Bay Adelaide Centre, East Tower, 22 Adelaide Street West, Toronto, Ontario M5H 4E3

(7) Quebec: Borden Ladner Gervais LLP (Attention: Neil Hazan), 1000 rue de La Gauchetière Ouest, Suite 900, Montréal, Québec H3B 5H4

(8) Saskatchewan: McDougall Gauley LLP (Attention: Michael W. Milani), 1500 – 1881 Scarth Street, Regina, Saskatchewan S4P 4K9