Leading mixed asset manager to exit Amundi affiliate

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Grégory Molinaro is leaving CPR Asset Management after almost eight years with the firm.

The mixed asset manager joined the Amundi affiliate in 2005 and ran a number of funds including the CPR Croissance Dynamique and CPR Croissance Prudente.

He was also head of the firm’s Beta Allocation team and oversaw more than €850 million. He co-ran both Croissance Dynamique and Croissance Prudente with Cyrille Geneslay, who joined him as co-manager in 2008.

His departure was confirmed to Citywire Global by an Amundi spokesperson and Molinaro is expected to leave the affiliate group at the end of February.

The team at CPR Asset Management are a close-knit unit and it is not yet known if anyone will be hired to replace Molinaro. Initial reports claim Malik Haddouk, the firm's head of mixed assets, will be taking over his funds and responsibilities.

Over the past five years Molinaro has returned 16.3% in the mixed asset euro aggressive global sector through his Croissance Dynamique fund while the sector's average manager has made 0% returns.

During the same period he has outperformed the average manager in the mixed asset euro conservative global sector by 13 percentage points and returned 23.7% through his CPR Croissance Prudente fund.

The firm was founded in 1990 and is an Amundi affiliate specialised in quantitative management solutions which runs assets for large institutional investors, multi-managers and wealth managers.