Candriam acquires Rothschild's alternative multi-asset business

Rothschild & Co Asset Management Europe has agreed to transfer its alternative multi-asset management business to Candriam, which will take on France and Luxembourg-domiciled institutional funds with a total of €350m of assets under management.

Subject to regulatory approval, the partnership agreement will see Rothschild's alternative investment funds-of-funds and a microfinance fund transferred to Candriam to manage. Candriam has been offering...