Candriam merges teams to create alternatives platform as absolute return boss exits

Steeve Brument to lead the division

Candriam has merged several specialist teams to create a "unified" alternative investments platform, with Steeve Brument promoted to lead the division as global head of alternatives.

The Candriam alternative investments platform, which manages €23bn in assets, will bring together the absolute return quantitative equity, quantitative multi-asset and multi-management teams to "optimise synergies".  The Luxembourg-headquartered asset manager will also be increasing its ESG integration efforts within alternative investments and intends to launch ESG-focused absolute return solutions. Candriam promotes head of fixed income to CIO After 20 years at the firm, Emmanuel Terraz, global head of absolute return and quantitative equity, will be leaving to "to embark on a ne...