La Financière de l'Echiquier - LFDE
Our purpose: Committing our energy and our clients' capital as pioneers in building a responsible world for tomorrow.
Our approach
LFDE manages a range of funds primarily invested in equities and bonds. Our management approach, based on an in-depth knowledge of companies, allows us to overcome market movements.
Key figures as of 31/12/2025
Breakdown of AuM by type of clients:
Breakdown of AuM by type of funds:
Values to share
The Echiquier spirit is based on meeting two requirements: a service that is both high quality and local. Every day, we strive to offer you a range of products and solutions tailored to your needs and a personalised service.
Olivier de Berranger
CEO of LFDE
What you can expect from us in concrete terms:
Sharing of value added
Our managers have built our funds’ performance by paying close attention to the “value of things” for more than 30 years. This is how they create the value that we share year after year.
Sharing of interests
The alignment of interests between clients and fund managers is at the heart of La Financière de l'Echiquier's concerns and is guaranteed in particular by the indexation of fund managers' remuneration to the performance of the funds and that of LFDE.
Sharing of know-how
Information is regularly provided in a transparent manner. More than 80 annual events provide further opportunities to share in-depth expertise with our clients and partners.
The Groupe LBP AM Foundation
Created nearly 20 years ago to structure LFDE’s philanthropic approach by redistributing part of the management fees of certain funds, the Foundation, which became the LBP AM Group Foundation in 2024, continues its activities in the fields of education, social inclusion and mental health.
Our awards
Grands Prix de la Finance 2026 de H24 Finance
LFDE has once again won multiple awards, winning four prices, including two first places: in the Fonds IA & Blockchain category for Echiquier Artificial Intelligence, and in the Diversifiés Prudent Euro category for Echiquier ARTY SRI.
Responsible Investment Brand Index (RIBI) 2025
The 2025 edition of the Responsible Investment Brand Index (RIBI) ranking confirms LFDE's pioneering status for the fifth time. LFDE ranks 25th among the world's best in the boutique category – AUM below €20 billion.
Premio Alto Rendimento by Il Sole 24 ORE 2025
LFDE has been recognised in Italy with the title of Best Foreign Manager – ESG, awarded by Premio Alto Rendimento by Il Sole 24 ORE.
Prix Palmarès des Fournisseurs 2025
LFDE ranked third in the SRI Management Company category.
Grands prix des Sicav – Mieux Vivre Votre Argent 2024
LBP AM ISR Actions Small Cap Euro (C & D share classes), whose management is delegated to LFDE, has been awarded the Excellence label. The Tocqueville Euro Equity ISR fund was awarded the Performance**.
* This label represents the highest distinction awarded to funds ranking in the top decile of their category for over five years (Performance criterion) and in the top half of their category every year for five years (Consistency criterion).
** This label rewards funds ranked in the top decile of their category over five years.
Trophées du Revenu 2024 des meilleurs fonds
Echiquier World Equity Growth was awarded a gold trophy in the ‘Best international equity fund over 10 years’ category at the Trophées du Revenu 2024 awards. Tocqueville Value Euro also won a Gold Trophy in the category of Best European Equity Fund over 3 years in the 2025 edition.
High alpha generation over the long term
LFDE/Tocqueville : 6 consecutive years in the Top 5 of the Alpha League Table.
LFDE member of the LBP AM group
The strategic alignment with LBP AM — a long-standing player in asset management and the third-party management company within France’s large public financial entity — has provided La Financière de l’Échiquier (LFDE) with a strong foundation to accelerate its growth trajectory. This momentum gained further strength in 2024 with the integration of Tocqueville Finance, doubling both the size of LFDE’s investment teams and its assets under management. Backed by a new long-term shareholder structure and enhanced resources in innovation and business development, LFDE is now fully equipped to expand its reach and deepen its expertise. LFDE remains focused on its mission combining agility and entrepreneurial spirit to deliver sustainable performance and serve its clients.
