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 alternative multi-asset products to institutional investors for more than 20 years. Candriam targets 'multi-decade' opportunity with circular economy fund launch Fabrice Cuchet, deputy CIO at Candriam, said: "We are proud to have been chosen by Rothschild & Co Asset Management Europe to take over its alternative multi-asset management business. This deal will enable Candriam to rei...
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