BNP Paribas Asset Management has bought a majority stake in Overlay Asset Management to build a global currency overlay platform.

BNP Paribas intends to become a significant competitor in a niche market, which is believed to represent assets worth $170bn (€190bn). Companies such as Pareto Partners, with around $30bn under management, currently dominate the currency overlay arena.

BNP acquires Overlay to compete in niche market

Niki Natarajan

BNP Paribas

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