Bruno Crastes

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Bruno Crastes (born 15 May 1965) is a French fund manager specializing in absolute return/global bond strategies and CEO of H2O Asset Management.

Contents

Early life and education

Bruno Crastes was born on May 15, 1965, in the suburbs of Lyon. He received a BA in mathematics from the University of Lyon and graduated in actuarial sciences from the Institut de Science Financière et d’Assurances. [1]

Career

After graduation, he started his career at Bank Louis Dreyfus as a proprietary trader on bond market. He then moved to Indosuez Asset Management (later known as Crédit Agricole Asset Management and then Amundi), a French asset management company. He began managing global fixed income portfolios at Crédit Agricole Asset Management and rose through the ranks and from 1994 on, he headed the global fixed income desk. He was appointed CIO of CAAM London in 2002 and then CEO in 2005. The same year, he was the top manager in the Citywire Fund Manager ratings for France,. [2] [3] He topped the league again in 2006. [4] In 2007, he was nominated for the "CIO of the Year" award. [5] In 2010, following the creation of Amundi, he was appointed member of the executive committee and Deputy Head of the Institutional Investment Division. "Top fund manager and fixed income specialist for over 20 years", [6] Bruno Crastes has been made famous developing an innovative range of absolute return range of open-ended funds called VaR funds from March 1999. [7] [8] One of the VaR funds, CAAM Invest VaR 20 I EUR fund, won the Lipper award for Global macro in Europe in 2010. [9]

In 2010, he co-founded H2O AM LLP with Vincent Chailley, focusing on liquid absolute return strategies. [10] He was nominated "Best global bond manager of the past five years" in June 2013 [11] with a performance of 89.71% vs. 33.65% for the peer group. In December 2014, he arrived second in the Top 100 European fund managers ranking of l'Agefi Suisse. [12] He is currently acting as Group Corporate & Market Strategy Director of H2O AM and Vincent Chailley as Group CIO. He received the "Prix spécial BFMTV" on behalf of H2O AM in February 2015. [13] His fund H2O MultiBonds FCP won the absolute return bond fund award at the Investment Week Specialist awards ceremony in Autumn 2015. [14]

Natixis holds 23.4% of H2O AM shares via Natixis Investment Managers. [15]

On December 30, 2022, he was sentenced in France by the Autorité des marchés financiers (France) (the French FCA) to a fine of 15 million euros for three technical grievances on non-compliance with investment rules, H2O was fined 75 million euros on this occasion. [16] [17]

See also

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References

  1. "Teams - About H2O AM - H2O Asset Management". H2o-am.com.
  2. "CAAM star Crastes leads new Citywire Fund Manager Ratings for France - Citywire Money". Archived from the original on 2014-08-12. Retrieved 2014-08-11.
  3. "Les Français tiennent la route". Votreargent.lexpress.fr. 9 December 2005.
  4. "Citywire profile: Pride of place for the French - FT.com". www.ft.com. Archived from the original on 20 August 2014. Retrieved 26 January 2022.
  5. "Archived copy" (PDF). Archived from the original (PDF) on 2014-08-12. Retrieved 2014-08-11.{{cite web}}: CS1 maint: archived copy as title (link)
  6. "Bruno Crastes: bi-polar markets are my enemy". Citywire.ch.
  7. "Bruno Crastes quitte ses fonctions chez Amundi". Archived from the original on 2014-08-16. Retrieved 2014-08-13.(in French)
  8. "Interview - Bruno Crastes : " Our models are still based on an enhanced version of the Black-Litterman model "". Next-finance.net.
  9. "And the award for best hedge fund goes to…". Reuters. Archived from the original on 2014-08-12.
  10. "Bruno Crastes Sets up Global Macro Firm | Institutional Investor". Archived from the original on 2014-08-13. Retrieved 2014-08-11.
  11. "The five best global bond managers of the past five years revealed". Citywireglobal.com. Retrieved 2 August 2018.
  12. "Top 100 Managers" (PDF). Agefi.com. Retrieved 2 August 2018.
  13. "prix-special-h2o-am". video-streaming.orange.fr.
  14. "Winners - Specialist Investment Awards 2016". Archived from the original on 2016-06-30. Retrieved 2016-06-02.
  15. GlobeNewswire August 28, 2020 "Natixis supports the measures taken by H2O Asset Management in the interests of clients"
  16. AMF December 30 2022
  17. AMF December 30 2022