Jones Day advised Candriam Investors Group on the deal.
Paris-based fund house Rothschild & Co Asset Management Europe has signed an agreement to transfer its alternative multi-asset management unit to Candriam’s hedge fund business.
The transaction, which represented €350m in assets under management, will include both France and Luxembourg-domiciled open-ended funds, as well as dedicated institutional funds.
Under the new agreement, the alternative investment funds of funds and a microfinance fund will be transferred to Candriam.
Candriam will become the new asset management company for the funds in question, when it obtains the required approvals, namely from the AMF and the CSSF market regulators.
Jones Day team was led by Philippe Goutay (Picture).
Involved fees earner: Philippe Goutay – Jones Day;
Law Firms: Jones Day;
Clients: Candriam Investors Group;