

Michel Le Bras has been a Fund Manager at Candriam since 2011.
He began his career in 1986 as a Treasurer and Proprietary Trader on interest rates and forex for Caisse de Gestion Mobilière, and in 1995 moved to the Compagnie Parisienne de Réescompte as a Proprietary Trader on interest rates, FX and equities.
In 2004, he founded his own asset management company and managed a discretionary global macro hedge fund . In 2011, he joined Candriam’s global macro investment process.
Michel holds a master’s degree in Finance from the University of Paris Dauphine.
Discover the latest articles by Michel Le Bras

Highlighted, Nadège Dufossé, Michel Le Bras, Outlook 2021
We expect positive, albeit lower, returns as economies continue to re-open.

Asset Allocation, Michel Le Bras
Is the recent rally among European long term rates sustainable?
Although European long term interest rates eased overall in 2019, they have steepened since September.

Asset Allocation, Michel Le Bras
China, a path fraught with pitfalls
President Trump regularly highlights that China has more to lose from a trade war than the US.

Asset Allocation, Nadège Dufossé, Stefan Keller, Michel Le Bras
High valuations: quality/growth premium or greater investment risk?
The US is currently experiencing an exceptional period from a microeconomic point of view.

Asset Allocation, Michel Le Bras
The Trump, the FED and the USD
"Make America great again" is POTUS’s self-coined slogan. To effect this transformation, he is using the full panoply of economic tools at his disposal. This translates, in fiscal terms, into lower taxes.