Candriam finds momentum with New York Life

Dexia AM undergoes transformation with sale to NY Life

cuchet-candriam
Naïm Abou-Jaoudé (left) and Fabrice Cuchet, Candriam

Plus ça change, plus c’est la même chose. If ever the French phrase were applicable to an asset manager, Candriam Investors Group, née Dexia Asset Management, would be it.

While the alternative and hedge fund investment provider has had an even rockier time than most since the financial crisis, the tide finally seems to be turning. Dexia, the thrice-bailed-out Franco-Belgian bank, was keen to sell its well-functioning and profitable asset management side.

That process unfortunately had its own dr