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.

Alicia Villegas
Alicia Villegas speaks Spanish and Italian and is Iberia Correspondent for InvestmentEurope. She was shortlisted for the Rising Star Award at the British Media Awards 2017 and Writer of the Year at the PPA Independent Publisher Awards 2016. Previously, she worked for almost three years at the seafood business website Undercurrent News as a market reporter. In Spain, she also worked for more than five years for several media outlets.

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