wealth management

Our design expertise delivers
efficient risk management
through smart dynamic asset
allocation to leading asset
managers and institutional

With more than 2 B€ under advisory

1st B2B ROBO-ADVISOR in europe

Discover RAFA


Active Asset Allocation is an investment solution designer providing institutional investors, pension funds and asset managers with state-of-the-art asset allocation techniques based on risk management. By actively managing downside risk, Active Asset Allocation puts into practice a responsible approach to preserve the financial resources managed over the long term. It also provides them with an additional, unexploited source of alpha.

  • DrawDown Control

    Using assets of their choice, our solution enables investors to maximise performance while limiting the maximum drawdown to their pre-defined level.

  • Lifestyle Strategies

    Our unique model makes retirement savings a risk-controlled investment. It helps members to progressively lock-in their capital gains with a downside risk protection. The asset allocation is no more deterministic.

  • Funding Ratio Control

    Our solution helps pension funds achieve full funding as quickly as possible. It locks-in the funding ratio progresses, and minimizes the sponsor's required contributions.

  • Digital Platform

    We chose to work hand in hand with banking groups and insurers to allow financial advisors to get a leg up dealing with increasingly changing and important requests by their French investors.

Our Approach

Risk Channelling Analysis

We do not promote funds, but rather advise you on how to make the best use of the assets you select. Our dynamic asset allocation models take into account complex issues, such as drawdown control, life styling or funding ratio improvement. We integrate your risk, allocation and regulatory constraints.

Crash-Testing Design

We design customized asset allocation models and stress-test them on a large number of simulated market scenarios. We do not rely on hypotheses and avoid data mining.

Dynamic Performance Locking

We protect a progressive level of wealth. Asset allocation is revised monthly and your portfolio is monitored on a daily basis, using our digital platform.

Research & Innovation

We upgrade our models on an on-going basis thanks to our internal research.

Discover RAFA

Discover RAFA

Our partners

Our Executive Team

Adina Grigoriu

Adina has an actuarial degree and more than 18 years experience in different finance fields, quantitative modelling being one of them. Asset allocation specialist, she started her career as a derivatives trader. She then joined BNP Paribas AM where she was head of ALM. She joined in 2007 a spinoff of the EDHEC-Risk Institute to develop the Dynamic Core Satellite approach. During her career, Adina advised numerous asset managers and institutional clients on designing and managing multi-asset portfolios, including hedge funds.

Thomas Mathivet

Thomas has a Master's degree in Asset Management from IAE Gustave Eiffel and a Master's degree in Finance from Paris-Sorbonne University. He joined Active Asset Allocation from BNP Paribas Asset Management where he was a diversified portfolio manager for institutional clients. He brings his dynamism, client-relationship, efficiency, versatility and a culture of excellence to AAA.

Jacques-Yves Merelle

Jacques-Yves has completed a MSc in Financial Markets at EDHEC Business School, with a specialty in trading, execution and securities markets. He implements and develops risk management models, using his analytical and programming skills. Previously intern at BNP Paribas WM in the Fixed Income Advisory, he developed a strong knowledge in market mechanisms.

Contact Us


    We bring a personal and effective approach to every project we work on.

    Our main office is located at 2 Rue Guiglia, 06000 Nice, France. We are also present in Paris (18 Rue de Londres, 75009) and Luxembourg.

    Active Asset Allocation is registered in France with the ANACOFI-CIF (N° E008967) and the ORIAS (N° 13000765).

    Phone: 04 93 18 02 97