Asset Management

Amundi-backed investment specialist strikes deal for US bond manager

IM Square eyes further investments, with CEO describing $700bn manager AMG as an example for the firm

Amundi-backed investment specialist strikes deal for US bond manager
Photo: iStockPhoto

IM Square – the Amundi-backed investment platform that takes stakes in fund managers – has struck its second deal, acquiring a holding in a US fixed-income specialist.

The London-based investment vehicle announced on November 17 that it had taken a 45% stake in Chicago-based Dolan McEniry Capital Management, a $5.8 billion manager that focuses on investment grade and high yield US corporate bonds.

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