Wed, Jul 27, 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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New