Bringing you live news and features since 2006 

Amundi Alternative Investments obtains AIFM authorisation


Amundi Alternative Investments SAS (Amundi AI) has obtained AIFM authorisation from the French securities regulator (Autorité des Marchés Financiers) for all of its investment solutions.

The AIFM directive, transposed by the EU member states on 22 July, regulates alternative fund managers for the first time as part of a dedicated framework.
Amundi AI says the development will enable it to offer institutional and private wealth clients access to alternative funds within a harmonised European regulatory framework.
In addition to the UCITS format, the AIFM directive has created a new label with an international scope that combines:
–        Performance driver: with investment limits that are less restrictive than for UCITS, notably in terms of asset eligibility, liquidity, and portfolio concentration.
–        Regulatory framework: secure with mandatory use of an independent custodian and valuation agent, separating the risk and investment functions, quarterly reporting to the regulator, and enhanced investor information.
Concretely, funds managed within the scope of the AIFM directive will enable managers to fully express their convictions and implement investment strategies that are difficult or even impossible to reproduce under a UCITS format.
In an environment of rising interest rates and jittery markets, institutional investors, notably in Europe and Asia, are on the lookout for alternative funds. However, they demand a well-controlled environment that protects their interests and guarantees fair treatment of shareholders. As was the case with other industry players, Amundi AI funds were domiciled offshore until 2009. Since then, all business activities have been transferred to Europe: the managed accounts platform is Irish, all the underlying funds in which the funds of funds invest, all the funds of funds and the management company are domiciled and regulated in Europe. International investors will from now on be able to choose new investment solutions based on the successful UCITS format, while being better suited to their requirements and to building long-term savings.
For Amundi AI, obtaining the AIFM licence is the culmination of a strategy adopted by Amundi in 2010 with the aim of redomiciling in Europe (France, Ireland and Luxembourg) its alternative offering at all levels: 10 funds of funds and 21 managed accounts, including the biggest international names in the alternative industry.
The AIFM licence is the first step on the way to obtaining the passports for the entire range by the end of the first quarter of 2014.
Laurent Guillet, chief executive officer at Amundi AI, says: “These passports will enable us to market our alternative funds in other EU member states without having to navigate through the constraints of the private placement regime. With the AIFM, Amundi can offer institutional investors secure alternative solutions in addition to benchmarked management while giving European investors access to new absolute return strategies which are essential to build long-term savings in a regulated environment.”

Latest News

The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..
Amundi has reduced its management fees across a wide selection of its ETF range. The firm writes that this move..
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD66,675, marking a 4.3..
Amundi’s ETF Market Flows Analysis for May finds that global ETF inflows were EUR105.1 billion with US-domiciled equity funds accounting..

Related Articles

CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by