Bruno Crastes Explained

Bruno Crastes (born 15 May 1965) is a French fund manager specializing in absolute return/global bond strategies and CEO of .

Early life and education

Bruno Crastes was born on May 15, 1965, in the suburbs of Lyon. He received a BA in mathematics from the University of Lyon and graduated in actuarial sciences from the Institut de Science Financière et d’Assurances.[1]

Career

After graduation, he started his career at Bank Louis Dreyfus as a proprietary trader on bond market. He then moved to Indosuez Asset Management (later known as Crédit Agricole Asset Management and then Amundi), a French asset management company. He began managing global fixed income portfolios at Crédit Agricole Asset Management and rose through the ranks and from 1994 on, he headed the global fixed income desk. He was appointed CIO of CAAM London in 2002 and then CEO in 2005. The same year, he was the top manager in the Citywire Fund Manager ratings for France,.[2] [3] He topped the league again in 2006.[4] In 2007, he was nominated for the "CIO of the Year" award.[5] In 2010, following the creation of Amundi, he was appointed member of the executive committee and Deputy Head of the Institutional Investment Division. "Top fund manager and fixed income specialist for over 20 years",[6] Bruno Crastes has been made famous developing an innovative range of absolute return range of open-ended funds called VaR funds from March 1999.[7] [8] One of the VaR funds, CAAM Invest VaR 20 I EUR fund, won the Lipper award for Global macro in Europe in 2010.[9]

In 2010, he co-founded with Vincent Chailley, focusing on liquid absolute return strategies.[10] He was nominated "Best global bond manager of the past five years" in June 2013[11] with a performance of 89.71% vs. 33.65% for the peer group.In December 2014, he arrived second in the Top 100 European fund managers ranking of l'Agefi Suisse.[12] He is currently acting as Group Corporate & Market Strategy Director of and Vincent Chailley as Group CIO. He received the "Prix spécial BFMTV" on behalf of in February 2015.[13] His fund H2O MultiBonds FCP won the absolute return bond fund award at the Investment Week Specialist awards ceremony in Autumn 2015.[14]

Natixis holds 23.4% of shares via Natixis Investment Managers.[15]

On December 30, 2022, he was sentenced in France by the Autorité des marchés financiers (France) (the French FCA) to a fine of 15 million euros for three technical grievances on non-compliance with investment rules, was fined 75 million euros on this occasion.[16] [17]

External links

Notes and References

  1. Web site: Teams - About H2O AM - H2O Asset Management. H2o-am.com.
  2. Web site: CAAM star Crastes leads new Citywire Fund Manager Ratings for France - Citywire Money . 2014-08-11 . https://web.archive.org/web/20140812210301/http://citywire.co.uk/money/caam-star-crastes-leads-new-citywire-fund-manager-ratings-for-france/a269669 . 2014-08-12 . dead .
  3. Web site: Les Français tiennent la route. 9 December 2005. Votreargent.lexpress.fr.
  4. Web site: Citywire profile: Pride of place for the French - FT.com . www.ft.com . 26 January 2022 . https://archive.today/20140820214928/http://www.ft.com/cms/s/1/87181c60-bfbf-11db-9ac2-000b5df10621.html%23axzz3AyRiQgxi . 20 August 2014 . dead.
  5. Web site: Archived copy . 2014-08-11 . dead . https://web.archive.org/web/20140812212202/https://www.skagenfunds.com/Global/2.0_PDFs/2.6_Market_Report/International/2007/20071201_Market-Report-7.pdf . 2014-08-12 .
  6. Web site: Bruno Crastes: bi-polar markets are my enemy. Citywire.ch.
  7. Web site: Bruno Crastes quitte ses fonctions chez Amundi . 2014-08-13 . dead . https://web.archive.org/web/20140816050601/http://www.agefi.fr/articles/bruno-crastes-quitte-ses-fonctions-chez-amundi-1132853.html . 2014-08-16 .
  8. Web site: Interview - Bruno Crastes : " Our models are still based on an enhanced version of the Black-Litterman model ". Next-finance.net.
  9. Web site: And the award for best hedge fund goes to….. https://web.archive.org/web/20140812210242/http://blogs.reuters.com/unstructuredfinance/2009/10/30/lipperawards/. dead. 2014-08-12. Reuters.
  10. Web site: Bruno Crastes Sets up Global Macro Firm | Institutional Investor . 2014-08-11 . https://web.archive.org/web/20140813110240/http://www.institutionalinvestor.com/Article/2635615/Bruno-Crastes-Sets-Up-Global-Macro-Firm.html#.U-k8TuOSxnk . 2014-08-13 . dead .
  11. Web site: The five best global bond managers of the past five years revealed. Citywireglobal.com. 2 August 2018.
  12. Web site: Top 100 Managers. Agefi.com. 2 August 2018.
  13. Web site: prix-special-h2o-am. video-streaming.orange.fr.
  14. Web site: Winners - Specialist Investment Awards 2016 . 2016-06-02 . https://web.archive.org/web/20160630141319/http://www.specialistinvestmentawards.co.uk/static/winners . 2016-06-30 . dead .
  15. https://www.globenewswire.com/news-release/2020/08/28/2085614/0/en/Natixis-supports-the-measures-taken-by-H2O-Asset-Management-in-the-interests-of-clients.html GlobeNewswire August 28, 2020 "Natixis supports the measures taken by in the interests of clients"
  16. https://www.amf-france.org/sites/default/files/private/2023-01/décision_pub_0.pdf AMF December 30 2022
  17. https://www.amf-france.org/fr/actualites-publications/communiques/communiques-de-la-commission-des-sanctions/la-commission-des-sanctions-de-lamf-sanctionne-la-societe-de-gestion-britannique-h2o-am-llp-et-deux AMF December 30 2022

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