Amundi and TOBAM sign partnership

Amundi and TOBAM today announced the signature of a strategic partnership. This partnership includes:
-    A distribution agreement under which Amundi, with its wide-reaching international distribution capabilities, will make TOBAM’s Anti-Benchmark strategies available to its clients.
-    The acquisition of a 17.5% minority equity stake by Amundi in TOBAM, acquired from TOBAM’s employees and from CalPERS. Following this transaction, TOBAM’s capital is held by Amundi and CalPERS with the majority remaining in the hands of TOBAM’s President, Yves Choueifaty, and employees.
Yves Perrier, Managing Director of Amundi, commented: “This agreement forms part of Amundi’s policy of offering its clients the best expertises. To complement our in-house asset management teams, Amundi offers product ranges that stem from targeted partnerships. By proposing TOBAM’s Anti-Benchmark strategy, Amundi, which currently manages 92 billion euros  in equities, is strengthening its range of ‘Next Generation’ investment solutions.”
Yves Choueifaty, President of TOBAM declared: “Our agreement with Amundi will improve the accessibility of our products to a broad clientele on a global level, in particular in Europe, Asia and the Middle East, where Amundi’s network and technical expertise are well established.”