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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

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