CalPERS Reduces Ownership in TOBAM, While Amundi Increases

Posted on 11/16/2016


Amundi increased its ownership stake in Paris-based TOBAM, formed in 2006 by Yves Choueifaty, by acquiring shares from other shareholders such as the California Public Employees’ Retirement System (CalPERS). TOBAM was known as Think Out of the Box Asset Management, originally incubated by Lehman Brothers Asset Management. The mantra of the firm is the anti-benchmark […]