(Bloomberg) Amundi SA has acquired Swiss asset manager Alpha Associates AG in a €350 million ($377 million) deal as part of its strategy to expand in the rapidly growing private markets sector.Most Read from BloombergTrump Denied Immunity in DC Election Case by Appeals CourtXi to Discuss China Stocks With Regulators as Rescue Bets BuildWall Street Snubs China for India in a Historic Markets Shift‘Money Dysmorphia’ Traps Millennials and Gen ZersChina Replaces Top Markets Regulator as Xi Tries
Amundi Buys Swiss Manager in €350 Million Private Markets Push bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Coinciding with the publication of its annual results, Amundi announces the signing of a binding agreement to acquire Alpha Associates, a Zurich-based independent asset manager offering.
Amundi, Europe s
biggest fund manager, reported on Wednesday that its assets
under management rose 7% from a year earlier, as prolonged
uncertainty on the markets fueled demand for low-risk.