11 June 2012
London - 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 whollyowned 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)1. 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."
1 G10 currencies are from the following countries or region: US, Canada, UK, Euro region, Suisse, Sweden, Norway, Japan, Australia and New Zealand.
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Amundi ranks second in Europe and ninth worldwide2 among the players in asset management with €688.7 billion under management3. Located at the heart of the main investment regions in some 30 countries, Amundi offers a comprehensive range of products covering all asset classes and major currencies. Amundi has developed savings solutions to meet the needs of more than 100 million retail customers worldwide and designs innovative, high-performing products for institutional clients which are tailored specifically to their requirements and risk profile. Benefiting from the support of two powerful banking groups, Crédit Agricole and Société Générale, Amundi aims to establish itself as a leading European asset management, recognised for:
Amundi Alternative Investments has 20 years of experience in selecting the highest caliber hedge fund managers, investing and portfolio construction. Today, Amundi AI has a core list of +170 funds in the 10 most representative strategies, including a managed accounts platform (set-up in 2001)1. From customized Hedge Fund Solutions for our Institutional clientele (Mandates, Advisory, Dedicated Funds) to Open-Ended FoFs, or Direct Investments on our platform, we offer solutions for various risk, return, liquidity, transparency and decorrelation requirements.
Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services acting on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie employs more than 14,200 people in 28 countries. At 31 March 2012, Macquarie had assets under management of €254 billion4.
Macquarie Investment Management (MIM) offers securities investment management capabilities across a number of asset classes including fixed interest, currencies, equities, infrastructure securities, private markets, hedge funds and multi-asset allocation solutions. MIM is a division of the Macquarie Funds Group (MFG), Macquarie Group's funds management business. MFG is a full-service asset manager, offering a diverse range of capabilities and products including infrastructure and real asset management, securities investment management and structured access to funds, equity-based products and alternative assets. As at 31 March 2012, MFG had €251 billion in assets under management4.
2 Total net assets. Source IPE «Top 400 asset managers active in the European marketplace» published in June 2011, data as at December 2010
3 Amundi Group figures as at 31 March 2012
4 Figures as at 31 March 2012