Ostrum Asset Management

Last updated
Ostrum Asset Management
Company type Public limited company
Industry Financial services
PredecessorNatixis Asset Management
Founded2007;17 years ago (2007)
Headquarters,
Area served
Europe, Asia, North America
Key people
Oliver Houix (CEO), Ibrahima Ikobar (deputy CEO CIO),
Products Asset Management
Total assets €396 Billion (Q2 2024)
Number of employees
400 (2022)
Subsidiaries Ostrum Asset Management U.S., Ostrum Asset Management Asia Limited, Natixis Asset Management Finance
Website www.ostrum.com

Ostrum Asset Management (previously Natixis Asset Management), is a French asset management company that was founded in 2007. [1] The company is part of French banking group BPCE. Ostrum Asset Management is an affiliate of Natixis Investment Managers (previously Natixis Global Asset Management), majority owned by BPCE.

Contents

As of June 30Th 2024, Ostrum Asset Management held €396 billion ($400 billion) in assets and was employing over 700 people. [2]

History

Foundation 1985-2006

The company was established in 1985 as one of the first so called solidarity funds under the name Nord Sud Développement, which became Natixis Impact Nord Sud Développement later on. [3] In 2001 CDC Asset Management becomes CDC IXIS Asset Management. In 2004 CDC IXIS Asset Management becomes IXIS Asset Management, fully owned by IXIS Asset Management Group. In 2006 Natixis was founded as the result of aligning activities by both the Groupe Caisse d’Epargne and Groupe Banque Populaire.

Natixis Asset Management 2007-2017

In 2013, the company launched the Natixis Global Risk Parity Fund, a global allocation fund with a balanced risk approach. [4] A year later it launched the Natixis Short Term Global High Income Fund. [5] In 2016, it launched Real Assets Private Debt management in three sectors: real estate, infrastructure and aircraft.

In 2017 the enforcement committee of the French financial regulatory agency, Autorité des Marchés Financier (AMF), fined Natixis Asset Management for overcharging investors with its formula funds. The ruling was handed down on 25 July 2017 and the company was fined €35 million. [6]

Ostrum 2018-onwards

In 2018, Natixis Asset Management was renamed Ostrum Asset Management. [7] Natixis Asset Management U.S. and Natixis Asset Management Asia were also renamed Ostrum Asset Management U.S. and Ostrum Asset Management Asia Limited by June 2018. [8]

Operations

Ostrum Assets Management has operations in Europe, Asia and in the United States. Natixis Asset Management Asia manages Asian assets. [9] Ostrum Assets Management’s provides services to institutions, individuals and distributors. [10]

Related Research Articles

<span class="mw-page-title-main">Bridgewater Associates</span> U.S. based investment management firm

Bridgewater Associates, LP is an American investment management firm founded by Ray Dalio in 1975. The firm serves institutional clients including pension funds, endowments, foundations, foreign governments, and central banks. As of 2022, Bridgewater has posted the second highest gains of any hedge fund since its inception in 1975. The firm began as an institutional investment advisory service, graduated to institutional investing, and pioneered the risk parity investment approach in 1996.

<span class="mw-page-title-main">Mirae Asset Financial Group</span> Financial services group

Mirae Asset Financial Group is a South Korean multinational financial services company headquartered in Seoul, South Korea. Mirae Asset provides comprehensive financial services including asset management, wealth management, investment banking, and life insurance. Mirae Asset was founded by Hyeon Joo Park in 1997 and introduced the first mutual funds to Korean retail investors in 1998. On a global consolidated basis, total group’s client assets exceed US$550 billion. Mirae Asset has global presence in Australia, Brazil, Canada, Mainland China, Hong Kong, Colombia, India, Indonesia, Japan, Korea, Mongolia, Singapore, the United Kingdom, United States and Vietnam.

<span class="mw-page-title-main">Groupe Banque Populaire</span>

Banque Populaire was a French group of cooperative banks, with origins in the European cooperative movement. In 2009, it merged with Groupe Caisse d'Épargne to form Groupe BPCE.

<span class="mw-page-title-main">Groupe Caisse d'Épargne</span> Former French cooperative banking group

Groupe Caisse d'épargne was a group of French savings banks that were converted into cooperative banks by legislation enacted in 1999. Its roots went back to the founding in 1818 of the Caisse d'Épargne et de Prévoyance de Paris, initiated by Benjamin Delessert and the Duke of La Rochefoucauld-Liancourt.

<span class="mw-page-title-main">Ray Dalio</span> American investor and hedge fund manager (born 1949)

Raymond Thomas Dalio is an American investor and hedge fund manager, who has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, since 1985. He founded Bridgewater in 1975 in New York.

<span class="mw-page-title-main">Caisse des dépôts et consignations</span> French public-sector financial institution

The Caisse des dépôts et consignations is an idiosyncratic French public financial institution created in 1816, often referred to as the investment arm of the French State. It is defined in the French Monetary and Financial Code as a "public group serving the public interest" and a "long-term investor". Its governance framework places it under the control of the Parliament.

<span class="mw-page-title-main">Actis Capital</span> British investment firm focused on the private equity

Actis LLP is a global investment firm focused on the private equity, energy, infrastructure, and real estate asset classes.

Risk parity is an approach to investment management which focuses on allocation of risk, usually defined as volatility, rather than allocation of capital. The risk parity approach asserts that when asset allocations are adjusted to the same risk level, the risk parity portfolio can achieve a higher Sharpe ratio and can be more resistant to market downturns than the traditional portfolio. Risk parity is vulnerable to significant shifts in correlation regimes, such as observed in Q1 2020, which led to the significant underperformance of risk-parity funds in the Covid-19 sell-off.

Harris Associates L.P. is a Chicago-based investment company that has $102 billion under management as of June 30, 2024. Harris manages long-only U.S. equity, international equity, and global equity strategies which are offered through its mutual fund company, the Oakmark Funds, and other types of vehicles. Harris is wholly owned by Natixis Investment Managers, an American-French financial services firm that is principally owned by BPCE. Harris Associates retains full control of investment decisions, investment philosophy, and day-to-day operations.

<span class="mw-page-title-main">AQR Capital</span> Global investment management firm

AQR Capital Management is a global investment management firm based in Greenwich, Connecticut, United States. The firm, which was founded in 1998 by Cliff Asness, David Kabiller, John Liew, and Robert Krail, offers a variety of quantitatively driven alternative and traditional investment vehicles to both institutional clients and financial advisors. The firm is primarily owned by its founders and principals. AQR has additional offices in Boston, Chicago, Los Angeles, Bangalore, Hong Kong, London, Sydney, and Tokyo.

<span class="mw-page-title-main">Groupe BPCE</span> French banking group

Groupe BPCE is a major French banking group formed by the 2009 merger of two major retail banking groups, Groupe Caisse d'Épargne and Groupe Banque Populaire. As of 2021, it was France's fourth-largest bank, the seventh largest in Europe, and the nineteenth in the world by total assets. It has more than 8,200 branches nationwide under their respective brand names serving nearly 150 million customers. Its wholesale banking subsidiary Natixis, previously a separately listed company, was delisted and came under full ownership of Groupe BPCE in 2021.

<span class="mw-page-title-main">First Sentier Investors</span> Australian Investment management company

First Sentier Investors, formerly known as Colonial First State Global Asset Management in Australia and First State Investments elsewhere, is a global asset management business that manages US$146.2 billion in assets managed on behalf of institutional investors, pension funds, wholesale distributors, investment platforms, financial advisers and clients worldwide. First Sentier Investors provides active, specialist investment capabilities managed by a group of independent investment teams. They take a long-term approach to investment with a focus on preserving capital and performance through market cycles.

<span class="mw-page-title-main">François Pérol</span>

François Pérol is a French banker and high-ranking official and is the current chairman of Natixis.

<span class="mw-page-title-main">Citywire</span> Financial publisher

Citywire is a London-based business covering the Global Wealth community.

<span class="mw-page-title-main">John Hailer</span> American financial services executive (born 1960)

John Thomas Hailer is an American financial services executive. He is the Chairman of F/m Managers Group and President of 1251 Asset Management of 1251 Capital Group.

Proparco is a development finance institution partly owned by the French Development Agency (AFD) and private shareholders from the developed countries.

Bruno Crastes is a French fund manager specializing in absolute return/global bond strategies and CEO of H2O Asset Management.

<span class="mw-page-title-main">Rockefeller Capital Management</span> American wealth and asset management company

Rockefeller Capital Management (RCM) is an independent wealth management and financial services firm, founded in 2018. The firm offers family office, asset management, and strategic advisory services to high-net-worth individuals and families, institutions, and corporations. Its president and CEO is Greg Fleming.

<span class="mw-page-title-main">AlphaSimplex Group</span> Asset management firm based in Boston

AlphaSimplex Group (AlphaSimplex) is an American investment management firm based in Boston. The firm relies on quantitative analysis for its approach to investing.

Mirova is a global asset management company dedicated to sustainable investment and an affiliate of Natixis Investment Managers. As of September 30, 2023, Mirova and its affiliates manage €28.4 billion. The company is a mission-driven company, labeled B Corp.

References

  1. "Natixis AM becomes Ostrum AM - Investment Europe". Investment Europe. 2018-03-07. Retrieved 2018-07-22.
  2. "Natixis Says ETFs Could Be the First to Fall If a Bond Selloff Flares". Bloomberg.com. Retrieved 2018-07-22.
  3. "Natixis targets climate change with a new fund". Citywire Global. Retrieved 2018-07-22.
  4. Finance, Next. "Innovation - Natixis Asset Management launches Natixis Global Risk Parity, a global allocation fund with a balanced risk approach". Next Finance. Retrieved 2018-07-22.
  5. "Natixis AM targets short-term HY bonds with new launch". Citywire Global. Retrieved 2018-07-22.
  6. "The AMF Enforcement Committee fines Natixis Asset Management €35 million". AMF (in French). Retrieved 2018-07-22.
  7. "Global manager sells distribution platform". Financial Standard. Retrieved 2018-07-22.
  8. "Natixis renamed Ostrum AM | Money Management". 2018-03-08. Retrieved 2018-07-22.
  9. "New Head of Asian Equities at Natixis". finews.asia. 2017-05-04. Retrieved 2018-07-22.
  10. "Company Profile on Bloomberg". Bloomberg News .