Candriam launches equity market neutral fund

Candriam has launched a new alternative return equity market neutral fund.

As an equity market neutral fund, the investment process relies on strategies taking long and short positions on worldwide equity indices and their constituents while keeping a net equity exposure of less than 25%.

The fund is registered for sale in Luxembourg, France, Italy and the UK. It is intended for professional investors only.

“[The fund] is the result of years of hard work for the team, it is also a very exciting challenge and we will stay fully committed in order for Candriam Equity Market Neutral to be a success,” said  Emmanuel Terraz, deputy CIO Alternative Investments at Candriam and lead fund manager.

Candriam has been developing expertise in equity market neutral strategies since 1997.

The firm had €94bn of AUM as at end March 2016 and is owned by New York Life Investment Management.

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