OFI AM & Candriam merge for risk arbitrage strategies
Candriam is strengthening its absolute performance investment management team with the recruitment of Fabienne Cretin and Stéphane Dieudonné, managers of the OFI Risk Arb Absolu fund, who have joined the Candriam teams early September.
Both appointments are being organised under a partnership between OFI AM and Candriam enabling the OFI Risk Arb Absolu fund to continue being managed in the form of a feeder fund. The OFI Risk Arb Absolu fund will therefore be invested in the Candriam Risk Arbitrage fund managed by Fabienne Cretin and Stéphane Dieudonné at Candriam, under the same investment philosophy implemented since the fund was launched.
Candriam is strengthening its capacity in absolute performance funds managed on behalf of institutional investors, which it has been developing over the past 20 years. This move will provide the company with sufficient critical mass in risk arbitrage strategies to attract new investors.