Candriam plans US and Japan push

Candriam Investors Group says it is to push further into the US and Japanese institutional markets. The Brussels-based firm, which is owned by New York Life Investment Management, said today it had recently opened a New York office and will also enter the Japanese institutional market by the end of the year. Naïm Abou-Jaoudé, chief executive of Candriam, said the firm’s growth comes despite a challenging global market environment. He said Candriam is developing its distribution capabilities in new markets such as Switzerland, Italy, Germany and the UK. Candriam reports assets under management (AUM) growth of €2.5 billion in the first half of the year. As of June 30, the firm’s AuM stood at  €96.6 billion, up from €94.1 billion at the end of last year. The bulk of the growth was driven by net inflows of €2.3 billion, with emerging market, high yield bonds and total return strategies attracting most of the new money. In February 2014, Candriam rebranded, changing its name from Dexia Asset Management. Since then, its AuM has increased by 45% (€30 billion). ©2016 funds europe

Sponsored Profiles

SPONSORED FEATURE: Investing for income

May 17, 2017

Portfolio Manager Thomas Kruse examines the findings from Pioneer Investments’ survey on income investing and outlines ways of achieving a target income.

SPONSORED ARTICLE: A radical solution to KYC concerns

May 17, 2017

The 1MDB affair shows that lax know-your-customer and due-diligence procedures are a major risk, says Paolo Brignardello, head of product management and marketing, Fundsquare. New solutions are...

SPONSORED FEATURE: AIFMD - What does Brexit mean?

Apr 18, 2017

An open discussion between funds industry experts and initiated by SGG Luxembourg took place in London to examine  the implications of Brexit for UK fund managers marketing to the EU.

SPONSORED FEATURE: Luxembourg fund reporting – CRS vs FATCA

Apr 18, 2017

Luxembourg funds need clear procedures for CRS compliance, writes Andrew Knight, Partner at M Partners, a member of the Maitland network of law firms.

Executive Interviews

INTERVIEW: Finding managers that can (and do)

Apr 18, 2017

Fabrice Kremer, a fund selector at Banque de Luxembourg Investments, has berated fundamental managers for failing to beat indices, but he remains committed to active funds. He speaks to Nick...

JERSEY INTERVIEW: ‘A steady sort of place’

Mar 21, 2017

The chief executive of Jersey Finance is keen to portray the island as a stable, trustworthy jurisdiction. He talks to George Mitton.

Roundtables

MARKETING & BRANDING ROUNDTABLE: It’s about aspiration

May 17, 2017

With such an intangible product, it can be hard for asset managers to communicate what they do. Having personality and connecting with customer aspirations may be the key, our branding roundtable hears.

ROUNDTABLE: The issue is perception

Mar 21, 2017

Our panel discuss tax transparency, the elegance of private placement and why Jersey could do more to promote itself. Chaired by Tom Cowsill in Saint Helier.