Amundi Integrates Goldman Sachs Fund Solutions & Origination
Amundi, the leading European asset manager, announces the full integration of the Luxembourg-domiciled fund platforms of Goldman Sachs Fund Solutions & Origination, an activity of Goldman Sachs Global Markets Division (“GSFSO”).
Amundi Luxembourg S.A., one of Amundi’s four main hubs for fund hosting services meeting UCITS and AIFM directives, thus becomes the “Management Company” of three Luxembourg systematic and alternative management Sicavs with total assets under management on behalf of GSFSO of €2.6 billion. Amundi manages, controls and supervises Luxembourg investment vehicles based on GSFSO’s systematic trading strategies. Amundi also provides a management service as well as the analysis and monitoring of the external managers present on its UCITS platform for alternative funds.
Maryline Mertz, Managing Director of Goldman Sachs said: “We are delighted to have completed the implementation of our partnership with Amundi. This partnership offers strong support for our business.”
“Supporting GSFSO’s platforms demonstrates Amundi’s ability and know-how in managing complex integration processes and has strengthened Amundi’s value proposition in quantitative and alternative multi-management activities. Fund hosting services are fully in line with Amundi’s development strategy, with the ambition for Amundi Luxembourg to become one of the leaders in third-party asset management in the long term,” said Jeanne Duvoux, CEO of Amundi Luxembourg.
Through its Fund Hosting business line, which capitalises on the group’s expertise and tools, Amundi provides its clients with a complete range of hosting solutions across several types of funds and asset classes in Luxembourg, Ireland, France and Austria. These solutions are aimed at investment banks, asset managers and private banks wishing to launch a Luxembourg fund. Amundi manages more than 300 sub-funds under Luxembourg law (UCITS and AIF) representing some 162 billion euros in assets under management, including 12 billion euros for third parties.
Global ETFs had record net inflows of $1.3 trillion in 2021.
The Universities Superannuation Scheme is the UK’s largest private pension scheme.
Buy-side and sell-side firms need to integrate applications to streamline traders' UX.
Passive funds represented nearly all U.S. equity inflows.
President and chief executive officer of State Street Global Advisors will retire in 2022.