Mon, Aug 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Amundi and Macquarie expand investment management relationship

Monday, June 11, 2012
Opalesque Industry Update - Macquarie Investment Management (MIM) today announced that Amundi, through Amundi Alternative Investments’ Managed Account Platform, has awarded an €80 million mandate to MIM’s Fixed Income and Currency team to trade G101 currencies actively.

For the past 20 years, Amundi, the second largest asset manager in Europe, has been a market leader in Hedge Fund investments for the benefit of its external clients and for its proprietary funds. Its sustained investment in staff and systems throughout this period is a demonstration of its commitment to this business and the resilience and innovation required to manage alternative assets through bull and bear market conditions. Its wholly-owned subsidiary, Amundi Alternative Investments, manages nearly €8 billion, including €1.7 billion on its Managed Account Platform, with 100 employees worldwide (Paris, New York, London, Tokyo. Amundi Alternative Investments designs and structures European and regulated Multi-Manager Products and Solutions within a “AIFM-ready” framework in Ireland.

MIM has been managing fixed interest and currency portfolios for over 40 years and has a team of over 100 investment professionals located in Sydney, Philadelphia and London. With over €120 billion in fixed income and currency assets under management, MIM provides, on a global scale, a wide range of investment solutions from true index product offerings to absolute return strategies.

Alistair Morrison, Head of European Distribution for MIM, said: “We are delighted that Amundi, one of Europe’s largest and most reputable asset managers, has chosen to expand its relationship with us. Fixed Income and Currency is a great strength for MIM with investment strategies that have not only been resilient through the recent market downturns but also added value to our clients’ portfolios. Given Amundi’s deep and thorough due diligence processes, this expanding relationship is an endorsement of the strength of our team.”

Laurent Guillet, Chief Executive Officer for Amundi AI / Franck Dargent, Deputy Chief Executive Officer for Amundi AI, said: “As we continue to build a focus list of high quality absolute return solutions, we are thrilled to add MIM’s Short Term Currency Alpha (STCA) strategy to our line-up of core investments. With this discretionary active currency G10 product, MIM’s Fixed Income and Currency division has shown again a demonstrable ability for delivering outstanding risk adjusted returns to its clients. MIM’s commitment to give us privileged access to its STCA strategy is a testament of Amundi’s reputation as a stable and valued investment partner.”

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new