Didier Clermont

Amundi-IM invests through funds in all asset classes and main currencies. The firm believes that overall analysis of a company, including economic, social and environmental aspects, allows for better assessment of the risks and opportunities that may affect its long-term valuation.

Amundi Investment Solutions is an active, research-based manager which provides innovative structured soutions in a range of asset classes. Their quantitative research team develops pricing models used to value the financial instruments used in structured funds. The firm's dedicated financial management team applies management techniques and instruments across the full range of structured investment funds including formula funds, funds managed using portfolio insurance techniques, algorithmic funds, funds of funds, funds of hedge funds and employee savings funds using leverage. Amundi Investment Solutions utilizes the group's complementary resources and those of their subsidiaries to extend the choice of alternative investments, including Amundi Investment Solutions managed account platform managed by CASAM Advisers, funds of hedge funds managed by Amundi Alternative Investment and third-party alternative funds.

Etoile Gestion follows a growth-and income-oriented investment style. A significant part of their assets are invested in euro-denominated money-market instruments, complemented by European and international equity, European and international fixed-income, diversified products and mutual funds. Their equity investment focus is on large- and giant-cap French companies. Alternative investments are marginal. The firm describes their investment approach as flexible. Their investment process is based on the economic scenario elaborated at the group level. Strategic asset allocation is regularly revised by the strategic committee, as is geographic allocation. This top-down view is then applied to each asset class. Securities are selected using a bottom-up approach.