Rothschild AM Europe transfers alternative management business to CANDRIAM
July 6, 2020

CANDRIAM and Rothschild & Co Asset Management Europe have signed an agreement to transfer Rothschild & Co Asset Management Europe's alternative multi-asset management business to CANDRIAM. The transaction concerns open-ended funds domiciled in France and Luxembourg and dedicated institutional funds, representing total assets under management of almost EUR 350 million.

Under a partnership agreement between Rothschild & Co Asset Management Europe and CANDRIAM, the alternative investment funds of funds and a microfinance fund will be transferred to CANDRIAM, which will become the asset management company for these funds, subject to obtaining the required approvals, notably from the AMF and the CSSF market regulators. Under the terms of the agreement, the Rothschild & Co Asset Management Europe alternative multi-asset management teams will be transferred to CANDRIAM.

CANDRIAM Deputy CIO Fabrice Cuchet states: "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 reinforce its value proposition and enter a new development phase in the alternative investment space, which should prove particularly appealing to investors in the current environment."

Rothschild & Co Asset Management Europe Managing Partner Pierre Baudard adds: "We are pleased to be partnering with a leading player in alternative multi-management. This agreement will enable our clients to continue to benefit from expertise and know-how to support their investments in this asset class over the long term."





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CANDRIAM and Rothschild & Co Asset Management Europe have signed an agreement to transfer Rothschild & Co Asset Management Europe's alternative multi-asset management business to CANDRIAM. The transaction concerns open-ended funds domiciled in France and Luxembourg and dedicated institutional funds, representing total assets under management of almost EUR 350 million.

Under a partnership agreement between Rothschild & Co Asset Management Europe and CANDRIAM, the alternative investment funds of funds and a microfinance fund will be transferred to CANDRIAM, which will become the asset management company for these funds, subject to obtaining the required approvals, notably from the AMF and the CSSF market regulators. Under the terms of the agreement, the Rothschild & Co Asset Management Europe alternative multi-asset management teams will be transferred to CANDRIAM.

CANDRIAM Deputy CIO Fabrice Cuchet states: "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 reinforce its value proposition and enter a new development phase in the alternative investment space, which should prove particularly appealing to investors in the current environment."

Rothschild & Co Asset Management Europe Managing Partner Pierre Baudard adds: "We are pleased to be partnering with a leading player in alternative multi-management. This agreement will enable our clients to continue to benefit from expertise and know-how to support their investments in this asset class over the long term."



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