TOBAM and Amundi strengthen their strategic partnership

TOBAM is happy to announce the strengthening of its strategic partnership with Amundi and the increase of their participation in TOBAM’s capital structure to 20%.

The strategic partnership with Amundi was set up in 2012 and included:

  • A distribution agreement under which Amundi, with its extensive international distribution capabilities, made TOBAM’s Anti-Benchmark strategies available to its clients,
  • The acquisition of a minority stake in TOBAM.

TOBAM and Amundi have decided to increase Amundi’s stake in TOBAM to 20%. This move brings Amundi’s stake in TOBAM close to its initial level of 2012, before it was diluted by successive employee capital increases.

TOBAM gained significant recognition over the years from some of the most sophisticated institutional investors in the world, growing its assets under management from $2.2 billion in June 2012 (when Amundi took its initial stake in TOBAM) to US$9.1 billion as of September 2016.

The strengthening of the agreement with Amundi is an opportunity to further leverage from this legitimacy as well as from Amundi’s distribution network and expertise to propose the Maximum Diversification® approach to a wider spectrum of clients.

CalPERS remains a minority shareholder with Amundi and TOBAM’s employees continue to hold the majority of TOBAM’s capital. TOBAM’s governance remains unchanged.