The Zadig team

The market is right in the long term but inefficient in the short term, leaving room active management. Day-to-day, our team demonstrates that building a risk-controlled concentrated portfolio of best ideas based on in-depth fundamental analysis of companies yields long term superior returns.


Laurent Saglio is a founding Partner of Zadig since 2005 and co-responsible for the European Equity research and the Memnon European and Memnon Market Neutral strategies. He also managed the Zadig Fund, a European Equity Long Short fund from 2005 to 2016. Previously, he was a founder and managing director of Voltaire Asset Management, managing the Voltaire Fund, a Long Short equity fund. Prior to starting Voltaire, he worked as a European equity analyst covering French equities as well as various sectors (media, services, etc.). He is a member of SFAF and graduated from HEC business school in 1985.

Vincent Bourgeois is a partner of Zadig co-responsible for the European Equity research and the Memnon European and Memnon Market Neutral strategies since 2011. Before joining Zadig, he was co-Manager of the HSBC European Alpha Fund. Before HSBC, he was Senior Research Analyst at Bessent Capital (London) and Lazard Frères Gestion (Paris). He graduated from HEC International Business School, Paris in 1989.

Pierre Philippon, CFA is a founding Partner of Zadig in charge of Business development. Previously, he was a Risk Manager and Research Analyst at Voltaire Asset Management. Prior to joining Voltaire, he was an analyst with Morgan Stanley in London, managing risk on a Convertible Bonds proprietary trading desk. He graduated from Ecole Centrale Paris in 2002.

Research and Strategies

Stathis Kaparis joined Zadig in 2022. He is co-responsible for Memnon Opportunities. Prior to joining Zadig he was a startup partner at Westray Capital since 2014. Previously he was a partner at Theorema since 2008. He has been working in the fundamental equity buy-side space since 2006, after having spent 3 years at Ford Motor Company. He is a Chartered Financial Analyst and holds a PhD in Finance from Imperial College London. He received his MSc from Cranfield University in 2003.

Vincent Steenman joined Zadig in 2020 to launch and manage the Memnon Opportunities strategy. He is now a Partner and Co Portfolio Manager of Memnon European. Prior to joining Zadig, he worked as a Portfolio Manager and Research Analyst at Sata Capital and Carmignac Gestion. Previously he was a Research Analyst and Partner at Zadig between 2007 and 2012. He graduated from Ecole Polytechnique and HEC in Paris in 2004.

View the European Opportunities Strategy

Francesco Rustici joined Zadig in 2020. He is co-responsible for the Memnon Opportunities strategy. Prior to joining Zadig European equity’s Team, he was a Managing Director and Deputy Portfolio Manager at Chilton Investment Co, which he joined in 2011. Previously he worked in equity research roles at Theorema, since 2004, and in the asset management businesses of Citigroup and the Zurich Group, starting in 1996. He graduated from the Università Cattolica in Milan in 1996.

View the Memnon Opportunties Strategy

Investment and Operations

David Pawelkowski joined Zadig in 2010 and is in charge of operations and compliance. He was previously a Fund Coordinator at CapitalatWork Foyer Group S.A., and Director for CapitalatWork Umbrella Fund from 2007 to 2010. Prior to joining CapitalatWork, he was Client Relationship Manager at Banque Privée Edmond de Rothschild Europe for institutional clients from 2005 to 2007, and before that he was the auditor and compliance consultant at PricewaterhouseCoopers Luxembourg from 2001 to 2005. He graduated in Applied Finance from Ecole d’Administration des Affaires, Université de Liège.

Guillaume Krier joined Zadig in 2011. He is in charge of the daily monitoring of the risks and exposures as well as reporting. Prior to joining Zadig, he was a Collateral Monitoring Officer at RBC Investor Services Bank. He graduated from ESLSCA (Paris) and ISEN (Lille).

Anup Dodia joined Zadig as a trader in 2011. Prior to Zadig he worked at Equinet Bank AG in Germany as a trader on the sell side for 3 years. He graduated from the University of London in Accounting and Management in 2007.

Benoît Grouvel joined Zadig in 2009. He started his career in Operations and moved to Front Office in 2011. He graduated in Accounting and Finance from Macquarie University, Sydney, Australia.

Aurélie Coos is working as Head of Operations at Zadig since 2010. Prior to joining Zadig, she worked at Ing Luxembourg for 10 years.

Finance and Research Coordination

Mahboob Ali joined Zadig in 2009 and is in charge of Finance, HR and Compliance. Prior to joining Zadig he worked with Ernst & Young Ford Rhodes in audit and tax. He graduated in Applied Accounting from Anglia Ruskin University, England.

Amy Powell has been Office Manager and Research Coordinator at Zadig since 2011 and had over 25 years’ experience. Prior to joining Zadig, Amy started out at GAM UK, and began her career as a PA in 1996 to two fund managers before moving over to the client side, where she remained for 14 years.