H2O Asset Management Acquires Majority Stake In Arctic Blue Capital

Jul 10 2017 | 10:56pm ET

London-based global macro manager H2O Asset Management has acquired a majority stake in systematic commodities specialist Arctic Blue Capital from Stable Asset Management.

Terms of the transaction, which is pending FCA approval, have not been disclosed. It brings two complementary investment managers together and is a response to increasing client demand for investment strategies suited to a changing inflationary environment, H2O said in a statement. 

H2O is acquiring 51% of Arctic Blue, according to CEO Bruno Crastes, as part of the company’s strategy of revenue diversification. Upon closing, Arctic Blue will remain a separate management entity from the core H2O team, will not rebrand its investment products and will continue to be led by CIO and founder Jean-Jacques Duhot. The company’s flagship fund, the Arctic Blue Original Strategy, and its equity-focused Atlanterra Strategy, will be added to the H2O distribution platform, the company said in the statement. Both trade a diversified portfolio of breakout, trend and reversal models across three time horizons - short, medium and long-term. 

The Arctic Blue strategy was launched in 2008 at the Canadian sovereign pension Caisse des Dépôts et Placements du Québec (CDPQ). After deployment at CIBC and Millennium Capital Partners, it was seeded as a stand-alone firm by Stable Asset Management in 2014. In total, Arctic Blue manages approximately $200 million. 

Founded in 2010 by Crastes and his former Crédit Agricole Asset Management (now Amundi) colleague Vincent Chailley to focus on liquid absolute return strategies, H20 is part of the multi-affiliate model of Natixis Global Asset Management. The company offers a comprehensive range of UCITS funds in global bonds, currencies and equities, serving institutional and corporate clients as well as individual investors, and manages approximately $14.6 billion. 

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