Candriam expands partnership with parent company New York Life Investments to break into the US offshore market

Expansion gives investors in the US offshore market access to Candriam’s strategies across US high yield corporate bonds, emerging market equity and debt, and thematic.

Specialist multi-asset manager Candriam and its parent company New York Life Investments have expanded their partnership to grow their remit in the US offshore market.

Following the expansion of the partnership, the pair will offer solutions and services to non-US resident investors who invest through US intermediaries. Investors in the US offshore market will be able to access Candriam’s existing UCITS funds that cover US high yield corporate bonds, emerging market equity and debt, and thematic strategies.

In preparation for Candriam’s entry into the new market, New York Life Investments’ sales teams will support introductory conversations with US-based broker dealers and other financial intermediaries.

Candriam’s European trading desks will cover the US offshore market from the Bloc.

“There is a significant opportunity in the US offshore market to match evolving investor demand in these regions with innovative solutions,” said Keith Dixon, head of international development at Candriam.

“International investors are seeking high yielding strategies, along with diversifiers for their portfolios which are increasingly centred on global thematic solutions that take advantage of structural trends. This increases our global coverage and is a natural next step to growing the business.”

Candriam first expanded into the US with a New York office in 2017 as part of its continued partnership with New York Life and IndexIQ.

The New York office accesses US institutional investors through Candriam’s international equity and fixed income strategies, including sustainable and responsible investments.

“Our daily conversations with US advisors enable us to see first-hand how tricky market dynamics are driving their offshore clients to seek new investment ideas; these insights, in turn, empower our sales teams to work closely with intermediaries and platforms to deliver best-in-class solutions to this market segment,” said Jac McLean, head of US distribution at New York Life Investment Management.