Asset Management

Europe's Alumia Signs Strategic Partnership With Troy Asset Management

Editorial Staff 25 June 2024

Europe's Alumia Signs Strategic Partnership With Troy Asset Management

The agreement is designed to spread Troy's capabilities to a wider range of investors.

Alumia, a Luxembourg-based investment advisory firm, has inked a strategic partnership with London’s Troy Asset Management. This partnership aims to bolster Troy’s presence across Europe, the firms said. 

This pact introduces Troy’s multi-asset and global equity capabilities to a broader audience. Its flagship €10.2 billion ($13.08 billion) multi-asset strategy is available in a daily liquid UCITs fund through Trojan Fund (Ireland). It aims at strong risk-adjusted returns through developed market equities, bonds, gold, cash, and short-dated US Treasury bills.

In the case of Alumia, it specialises in wealth management and fund services and is a partner of Universal Investment Group. (This news service has interviewed Alumia here.) Besides its Luxembourg base, it has a presence in Belgium, France, Switzerland, and the Netherlands. Clients include asset managers, corporates, and family offices.

“Our collaboration with Troy Asset Management marks a significant step in providing our clients with exceptional investment solutions. We believe that Troy’s proven strategies will resonate strongly with European investors looking for robust and diversified solutions,” Alumia’s CEO, David Saab (pictured), said.  

The strategic minority shareholder, Universal Investment Group is one of Europe’s leading fund service platforms with close to €1 trillion of assets under supervision. Troy said that its partnership with Universal provides it with world-class resources and capabilities, as well as supporting it to launch innovative investment solutions that cater to its clients' needs.

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