Candriam Luxembourg S.C.A. Profile
Candriam Luxembourg S.C.A. is a private investment management company based out of Luxembourg. The company was established in 1999 and has grown to have locations in Genève Milan, Rotterdam, Madrid, Stockholm, and Bahrain. Candriam Luxembourg was previously known as Dexia Asset Management Luxembourg S.A. before officially changing its name to its current Candriam Luxembourg in 2014. The company now has 86 employees with 16 of them being investment professionals headed by Chairman and CEO Naïm Abou-Jaoude. Candriam Luxembourg operates as a subsidiary of New York Life Investment Management LLC with the remaining minority of holdings split amongst key executives. The company conducts its research internally, utilizing a bottom up investment approach with fundamental and quantitative methodologies to make its investments in public equity and fixed income markets on a global scale. Candriam Luxembourg invests most heavily in the health care sector, which alone makes up almost a third of the firm’s total asset allocations, and also invests in the information technology, finance, consumer discretionary, consumer staples, energy, and industrials sectors, among others to a lesser degree, in order of decreasing allocation. The company holds approximately $40 billion in total assets under management spread across 190 accounts, all of which are discretionary except for 3 that make up $3.2 billion of its held assets. Candriam Luxembourg mainly caters to pooled investment vehicles, which alone makes up almost three quarters of its client base, and also provides its services to banking or thrift institutions, pension and profit sharing plans, charities, corporations or other businesses, state or municipal government entities, and insurance plans, among others, in order of decreasing clientele. The company currently offers a variety of funds to its clients including its Index Arbitrage, Sustainable Pacific, Quant Equities USA, Bonds Emerging Markets, Bonds Total Return, and Long Short Credit, among many others.