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June 21, 2024
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Alternative Investments

Candriam launches alternatives platform | Portfolio Adviser

Multi-asset manager Candriam has launched an alternative investments platform, bringing together its specialist teams under one umbrella.

Under the ‘strategic realignment’, the firm’s absolute return quantitative equity, quantitative multi asset, and multi management teams will combine, bringing together €23bn (£17.8bn) worth of assets.

As part of the move, the firm has appointed deputy head of multi-asset Steeve Brument (pictured) as the new global head of alternatives, while Grégoire Thomas has been named head of equity market neutral.

Meanwhile, Emmanuel Terraz, global head of absolute return and quantitative equity, will depart from the firm after 20 years. Thomas will take up his role of lead fund manager for the Equity Market Neutral and Index Arbitrage strategies, alongside the firm’s existing fund management team.

See also: FCA warning on platform cash rates could prompt profit squeeze

Nicolas Forest, CIO of Candriam, said: “For over two decades, Candriam has been at the forefront of providing innovative absolute return solutions, consistently aiming to deliver risk-adjusted returns through various market cycles.

“We are confident that the appetite for alternative strategies will continue to grow, offering an attractive option for diversification and favourable risk-return profiles.

“The unification of our alternative investments represents an exciting evolution for Candriam, bringing together our deep expertise across different teams and solutions. Our aim is to provide even richer insights and more innovative alternative solutions to our clients.”

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