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French manager Candriam snaps up €9.1bn Mayfair boutique

Consolidation continues apace as fund managers look to diversify to attract new clients

French manager Candriam snaps up €9.1bn Mayfair boutique

The €112bn Franco-Belgian fund manager Candriam Investors Group is moving into property by tying up with a London real estate manager, amid a wave of consolidation among investment firms in Europe.

Candriam is to acquire a 40% stake in €9.1bn Tristan Capital Partners, which is based in Mayfair and employs around 100 people worldwide.

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