Amundi Integrates Goldman Sachs Fund Solutions & Origination

Amundi, the European largest asset manager, today announced that it has completed the integration of Goldman Sachs' Fund Solutions & Origination (GSFSO) activities, which involves three alternative and systematic Sicavs being moved over to the French firm.

The deal will see Goldman Sachs' Luxembourg-based operations, which have €2.6bn in assets under management, now led by one of Amundi's four main hubs for fund hosting services meeting UCITS and AIFM directives - Amundi Luxembourg S.A., which will act as a management company for the investment vehicles.

Amundi manages, controls and supervises Luxembourg investment vehicles based on GSFSO's systematic trading strategies. Amundi also provides a management service as well as the analysis and monitoring of the external managers present on its UCITS platform for alternative funds. 

Maryline Mertz, Managing Director of Goldman Sachs said: “We are delighted to have completed the implementation of our partnership with Amundi. This partnership offers strong support for our business.”

"Supporting GSFSO's platforms demonstrates Amundi's ability and know-how in managing complex integration processes and has strengthened Amundi's value proposition in quantitative and alternative multi-management activities. Fund hosting services are fully in line with Amundi's development strategy, with the ambition for Amundi Luxembourg to become one of the leaders in third-party asset management in the long term,” said Jeanne Duvoux, CEO of Amundi Luxembourg.

Through its Fund Hosting business line, which capitalises on the group's expertise and tools, Amundi provides its clients with a complete range of hosting solutions across several types of funds and asset classes in Luxembourg, Ireland, France and Austria. These solutions are aimed at investment banks, asset managers and private banks wishing to launch a Luxembourg fund.