By Daniel Lanyon on Tuesday 27 September 2016
The asset manager has unveiled big ambitions for the alternatives space to meet a growing demand for alternative credit as well as other illiquid markets.
Amundi is launching a single platform bringing together its capabilities in real and alternative assets in order to become one of the leading alternative asset managers in Europe.
Non-traditional investments have soared in popularity in recent years as markets solidify a sustained period of low growth and low interest rates as well as precariously priced bond and equity markets.
This has led rise to a huge growth in alternative assets such as marketplace lending and other forms of alternative credit as well as private equity and infrastructure. Decent yields and low correlation to traditional assets as well as a illiquidity premium are key drivers of the increased attractiveness of various parts of the alternative spectrum.
More than 38 per cent of institutional investors envisage reallocating part of their portfolio to private debt, 44 per cent to infrastructure, and 51 per cent to private equity, according to a recent report by PWC.
Amundi has integrated its offerings in the nascent alternatives space into one integrated business, bringing together 200 investment professionals in origination, structuring and management, responsible for more than €34bn in assets under management.
The firm is aiming to double its funds under management in real and alternative assets by 2020.
Pedro Antonio Arias, Amundi’s global head of real and alternative assets, said: “We have been meticulously building our capabilities over recent years by attracting skilled teams from diverse backgrounds.