Candriam to acquire hedge fund business of Rothschild & Co.

Candriam, a pan-European asset management firm, agreed to acquire hedge fund business of Rothschild & Co. Financial terms were not disclosed. "The deal will help Candriam enter a new development phase in the alternative investment space, which should prove particularly appealing to investors in the current environment," Fabrice Cuchet, Candriam Deputy Chief Investment Officer.