About us

Revel Asset Management SAS is an independent boutique asset management firm investing in mid and large cap European equities. Founded in June 2018 by Youssef Benhaddouch and partners, it is based in Paris and regulated by the French AMF.



Revel Asset Management offers presently a long UCITS Fund to investors:

  • Revel Concentrated Equity Europe Fund (formerly named the Verrazzano Concentrated Equity Europe Fund) aims to deliver long-term capital growth by investing in the shares of European companies (including the UK).

    The strategy adopts an unconstrained pragmatic stock picking approach based on fundamental financial analysis and a concentrated approach with thematic, sector, country diversification.


With office in Paris, our team draws on a skilled, experienced and ambitious pool of talent.  Investment team members are based in both locations with non-investment functions such as Middle, Back Office and IT based in the Paris office.

Youssef Benhaddouch Revel Asset Management
Youssef Benhaddouch
Chief Investment Officer

Prior to founding Revel AM in June 2018, Youssef was working at Verrazzano Capital since September 2016 as a portfolio manager and a member of the Executive Committee.  Prior to that, he ran the MLK European Fund (a concentrated long only fund investing in European equities launched in October 2015) which was transferred onto the Verrazzano platform in December 2016.

Youssef spent most of his career at French broker Exane BNP Paribas.  He joined Exane in 1998 as a UK clients European Equities sales, was promoted in 2000 as Head of Hedge Fund sales and in 2005 as the Head of UK clients sales, and in 2008 as the head of UK and US clients sales for Exane BNP Paribas (the European cash equity JV between Exane and BNP Paribas set up in 2003). He became a Partner of Exane in 2001 and was a member of the Executive Committee of the Equities Division. Prior to that, Youssef worked at a Big Six audit firm and entered the brokerage business in 1996 as an analyst covering French midcap stocks. Youssef graduated from ESSEC Business School in Paris in 1993.

Youssef Benhaddouch Revel Asset Management
Hervé Ragagnon
Portfolio Manager

Prior to joining Revel AM in June 2018 as a partner, Hervé has spent most of his career at Exane. He was among the founding partners of the brokerage firm Exane in 1990 in Paris and led for 10 years its European equities sales team. In 2001, he played a key role in the creation of Exane Asset Management and managed the Gulliver fund (1.1Bn eur AUMs), a ucits Long/Short (L/S) European equities fund for nearly 10 years. Hervé then managed  the Pleiade funds at Exane AM, a large feeder fund investing in sector L/S funds. Hervé graduated from ESCP Business School in Paris in 1983.

Youssef Benhaddouch Revel Asset Management
Alexis Crochet
Head of Operations

Prior to joining Revel AM, Alexis was deputy head of Operations at Verrazzano Capital in charge of the Middle Office operations (daily reconciliations, NAV reviews, and also involved in the operational on-boarding of different funds). Before that, Alexis was Head of Operations at Sixtina, the Natixis Managed Fund Platform (2007-12). Spending time in both the London and Paris offices, Alexis oversaw daily operations (NAV calculations and cash reconciliation) on several types of strategies. He was also responsible for the on-boarding of new funds and the development of middle office tools.

Before Sixtina, Alexis worked for Natixis’ Counterparty Risk Middle Office (2006-7) as an Analyst, where he was  responsible for the oversight of credit limits, overdrafts and the development of control tools. He began his career at Crédit du Nord in 2004, as a Sales Assistant in the Employees Savings Scheme. Alexis holds a Master degree in Finance from Université de Cergy-Pontoise (2007).

Youssef Benhaddouch Revel Asset Management
Julien Fraslin
Head of IT and Middle Office

Prior to joining Revel Asset Manager, Julien was head of IT at Verrazzano Capital for 7 years. Before Verrazzano Capital, Julien was a Systems Administrator and IT Consultant at Sophis Engineering where he implemented trading client’s solutions and various projects (installation and configuration of risk parameters, integration server, websphere, VaR, order book). He provided guidelines for designing scalable and high performance architectures based on R&D recommendations and client feedback.

Youssef Benhaddouch Revel Asset Management
Florence Janin
Office Manager

Prior to joining Revel Asset Management as an Office Manager, Florence worked as the Office Manager for Verrazzano Capital from 2013 to 2018. She was responsible for all HR, administrative matters, travel organizing, providers relations and contracts managing, accountancy and general support for the staff. Prior to Verrazzano, Florence worked for Air France from 2004 to 2013 as an executive assistant for the Airbus Flight Operations division. She graduated from the Sorbonne in 1992 with a Master’s degree in International Business.


Revel Asset Management

72 rue Pierre Charron

75008 Paris, France

Main line : +33 1 88 32 73 60

Fax line   : +33 1 88 32 76 79

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Authorized and regulated by the Autorité des Marchés Financiers since the 17/07/2018 (GP-18000012)