The Asian Macro Strategy, launched by Complus in 2011, is a discretionary global macro strategy with a focus on Asia. It aims to benefit from existing market inefficiencies in regional fixed income markets as well as the repercussions of policy divergence.
“Complus has a well-established strategy, managed by a very experienced local team,” said Michael Hart, deputy chief executive and global head of business development of Amundi AI.
“We feel that asset size has become a significant hindrance in certain parts of the market.
“We strongly believe that Complus is at an optimal point in its development cycle; assets are large enough to offer business stability yet small enough to maintain the nimbleness required to capture market opportunities,” he said.
Voltility backdrop
Amundi AI said that currently markets are struggling to price the implications of monetary policy divergence around the world as well as the events in China, which had led to increased volatility.
“This context offers an attractive backdrop for discretionary macro strategies with notable Relative Value components.
“These strategies are able to take advantage of the pricing discrepancies that this volatility creates, across and within asset classes,” it said in a statement.
Amundi AI said it has been a market leader in hedge fund investments for more than 20 years. It has over $7bn (£4.6bn, €6.6bn) in assets. Its Irish platform includes 17 liquid and transparent funds of various strategies including Equity Market Neutral, Convertible Arbitrage, Global Macro or Event Driven.
