Amundi Alternative Investments: AIFMD to create tailwind for hedge funds, making them more respectable for European investors

Paris-based Amundi Alternative Investments is the alternative branch of Amundi, the second largest asset manager in Europe with $ 852 Billion in AuM. Founded in 1992, the firm has 100 employees worldwide and manages nearly $12 Billion in alternative investments, including a managed account platform, for institutional clients (public authority and pension funds).

Already in 2010 Amundi Alternative Investments launched an onshore, Ireland-based platform to be ready for the arrival of AIFM in 2013. This managed account platform which allows institutions to invest directly into hedge funds.

Amundi experiences a strong demand for onshore-regulated hedge funds, also from Asia, to the extent that Bermuda-based offshore funds were moved to the Ireland platform.

Hear from Deputy CEO Franck Dargent in this Opalesque BACKSTAGE video:

− Why AIFM will be a success, making hedge funds more respectable for European investors
− Why UCITS funds may be challenged to deliver absolute returns
− What does the IMF’s Global Financial Stability Report (April 2012, “No asset can be viewed as truly safe”) mean for alternative investments?
− What are Asian investors looking for?
− The need for tail-hedge products

Franck Dargent is Deputy Chief Executive Officer and Head of Business Development at Amundi Alternative Investment. Before joining Amundi AI Group in January 2008, Franck Dargent has held various positions in Crédit Agricole group. In 2006, he was named a Senior Advisor of the Sales team of Crédit Agricole Corporate & Investment Bank (formerly Calyon) covering French Regional Banks. There he developed the model Portfolio automation and the reporting system for exotic products. In 2002, he joined Crédit Agricole Indosuez Securities (Japan) as Head of Financial Institutions Sales. He organized the merger of the Crédit Agricole Indosuez and Crédit Lyonnais sales teams to form Calyon Securities Japan.

From 1999 to 2002, he was a Senior Fixed Income Sales Manager at Crédit Agricole Indosuez Securiries (Japan) in Tokyo. Mr. Dargent previously worked at Banque Indosuez in various capacities from 1991 to 1999, ranging from Market Risk Management to Interest Rates Sales & Trading in Paris and Tokyo. He began his career at Andersen Consulting in 1988, before moving to the middle office of Société Générale North Pacific Branch from 1989 to 1990. In 2005, he launched his foundation (foundation Rainbow Bridge) supporting sustainable development projects in favor of women and children in catastrophe striken area. Mr. Dargent is a graduate of HEC (France) where he obtained a degree in 1988.

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