Every market movement represents an opportunity.

We combine the rigour of a quantitative vision with the thoroughness of a conviction-based approach. This dual approach allows us to understand that an opportunity in a given context can be perceived very differently when circumstances change. And to consider that all market phases - even the most difficult - present opportunities to be seized.

We have the experience and track record to know how our strategies behave, enabling us to identify the best opportunities. This knowledge allows us to aim for consistent performance over time, within a framework of rigorous risk management, whatever the market environment.

 

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Emmanuel Terraz
Global Head of Absolute Return & Quantitative Equity / Head of Equity Market Neutral
We are both quantitative and fundamental, looking at each position in detail to detect opportunity and reduce risk.

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Taking advantage of market inefficiencies

Our investment process is based on transactions constructed via short and long positions hedged against the main risks identified by the team. As such, each transaction is designed to be insensitive to market movements. Returns are generated thanks to the management team's know-how, which takes advantage of observed inefficiencies.

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Multiplying sources of performance

Our Absolute Performance strategies combine different performance drivers to obtain optimal portfolio stability: index or stock arbitrage, trend following, counter-trend management, diversification of operations, geographical zones, investment horizons and asset classes, etc.

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Deploying a universe of possibilities

We launched our first Absolute Return strategy in 2003. Since then, we have carefully developed a wide range of proven strategies that allow our clients to adapt their portfolios to a wide range of market environments, depending on their risk profile.

Figures are worth a thousand words. 

€1.4bn

AuM

+20

year track record

8

Complementary strategies

3

performance engines: equities, bonds, multi-assets

Seeking performance regardless of the market environment

The low correlation of Absolute Return strategies to most traditional asset classes, especially during market downturns, reduces portfolio fluctuations and overall risk. Integrating these strategies into a portfolio helps to diversify the portfolio and thus improve its risk/return profile.

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Be less dependent on market movements

We invest either through exposure to one asset class such as equities or bonds, or through several asset classes. We ensure that our portfolios are diversified across geographies, sectors and capitalisation sizes. The combination of fundamental and quantitative analysis, expertise and independence of our team allows us to optimise the management of the allocated risk budget and to achieve a high degree of decorrelation in our portfolios.

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Multiple resilient strategies

We have developed a wide range of Absolute Return strategies: long/short strategies, both through equity or bond investments (credit or high yield), M&A arbitrage strategies, market-neutral strategies, funds of hedge funds, diversified multi-asset strategies, systematic or trend-following strategies (CTA), etc. Each of these strategies aims to generate regular performance through the different market cycles and to limit the impact during periods of severe turbulence.

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Find out more

  • All our publications
  • Meet our experts
  • Candriam in the press

Main risks on Absolute Return Strategies

  • Risk of loss of capital
  • Equity risk
  • Interest rate risk
  • Commodity risk
  • Credit risk
  • High Yield risk
  • Currency risk
  • Liquidity risk
  • Concentration risk
  • Derivative risk
  • Counterparty Risk
  • Model risk
  • Arbitrage risk
  • Volatility risk
  • Emerging market risk
  • Leverage risk

Latest analyses

  • Fabrice Sauzeau, Absolute Return, Fixed Income, Private Debt, Research Paper, Real Estate

    Real Estate Private Debt: Time to Act?

    Has commercial real estate reached its inflection point? With little transaction activity, price and index data are generated with a lag. Market prices can change much more rapidly than they can be aggregated and reported. Investors must rely on fundamental analysis and experience more than data to time the recovery.
  • Absolute Return, Monthly Coffee Break

    All the yield in the world

    Although the Federal Reserve slightly opened the door to rate cuts during the last quarter of 2023, the latest economic data points were solid, leading the Fed to indicate that rate cuts may come later rather than sooner.
  • Absolute Return

    “Start me up!”

    Like the Rolling Stones during a concert, the dovish stance from the Fed had the effect to “spread out the oil, the gasoline” on a market that was already anticipating a brighter future.

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