S&P places Amundi Fixed Interest Fund 'on hold' after senior departures
Standard & Poor’s (S&P) has placed the Amundi Global Diversified Fixed Interest Fund ‘on hold’ following the resignation of three senior staff from Amundi Asset Management in London.
London chief executive officer and chief investment officer Bruno Crastes resigned, along with deputy chief executive officer Jean-Noel Alba and head of global fixed income Vincent Chailley.
Crastes and Chailley held senior investment management roles and were head and deputy head of Amundi’s ‘Architect’ committee, respectively, where they were responsible for constructing a model portfolio on which the fund is based.
S&P fund analyst Anthony Karaminas said the fund had been placed ‘on hold’ because the departing members were fundamental to the fund’s portfolio positioning.
The fund, previously known as CAAM Global Bond Fund, will be reviewed by S&P as part of its international fixed interest sector review starting in May.
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