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FrontFour Capital Group secures EUR50m Amundi AI event-driven mandate

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Amundi Alternative Investments (Amundi AI) has awarded, through its Managed Account Platform, a EUR50 million mandate to FrontFour Capital Group LLC to actively trade, under AIFM compliant format,  an event-driven strategy concentrated on North American situations.

The event driven strategy, run by FrontFour Capital Group LLC since 2006, focuses on the small & mid cap universe where outsized alpha opportunities have traditionally been found. The investment team, which has worked together since 2004, applies a deep fundamental bottom-up approach to identify and exploit value-unlocking catalysts such as M&A, asset spin-offs, stock buybacks and management change. It invests across the capital structure seeking the most attractive risk/reward opportunities.
 
Michael Hart, Deputy Chief Executive Officer and Global Head of Business Development of Amundi Alternative Investments comments: “By adding FrontFour Capital Group to our AIFMD-compliant Managed Account Platform in Ireland we offer a differentiated strategy that we believe will be complementary to our existing investments. With event driven activity expected to remain elevated over the coming years, we believe that FrontFour Capital Group’s investment approach will continue to generate alpha through exploiting idiosyncratic opportunities. The team has demonstrated an ability to invest successfully in equity and credit instruments which is another attractive feature given where we are in the cycle.”  
 
FrontFour Capital partner Stephen Loukas  adds: “We are very pleased to have our  Event Driven strategy added to the Amundi Alternative Investments platform. We are looking forward to developing a successful, long term relationship with one of Europe’s premier allocators".
 
For the past 22 years, Amundi Alternative Investments has been a market leader in Hedge Fund investments for the benefit of its external clients and for its proprietary funds. Its sustained investment in staff and systems throughout this period is a demonstration of its commitment to this business and the resilience and innovation required to manage alternative assets through bull and bear market conditions. With over $12 billion in assets, including just above $5 billion for the Platform, Amundi Alternative Investments is the 7th largest Managed Accounts provider worldwide[1]. Its Irish platform includes 28 liquid and transparent funds among various strategies including Equity Market Neutral, Convertible Arbitrage, Global Macro or Event Driven.

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