Mon, Dec 22, 2014
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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und