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Emmanuel Bourdeix

Co-Chief Investment Officer

Will low volatility perdure in 2016?

26.02.2016 - Emmanuel Bourdeix

"The turbulence around the so-called “Black Monday” (August, 24th) shouldn’t make us forget that equity volatility overall remained relatively subdued in 2015. Though volatility modestly rose in the second half of 2015, a long term perspective shows that it remained far from 2008 or 2011’s record levels, and also below its long term average:

 

Central bank “puts” have still been at work in 2015. By forcing investors to invest in risky assets, they have maintained equity volatility at low levels. Even the air pocket in August was short-lived and not as impressive compared to other historical events."

Emmanuel Bourdeix holds an engineering degree from Ecole Nationale des Ponts et Chaussées and a DEA [post-graduate diploma] in probabilities and finance from Université Pierre et Marie Curie.

Emmanuel Bourdeix began his career in 1995 at Dresdner Kleinwort Benson as arbitrage analyst and structurer. In 1998, he joined CAAM where he acted as portfolio manager, then head of convertible bonds and volatility in 2002 and finally head of satellite equity management in 2006. In 2007, he was appointed deputy CEO of equity and diversified management and, at the inception of Amundi, head of equity Europe, world and emerging countries. In 2010, he became CIO equity, asset allocation & structured products of Natixis Asset Management.

Emmanuel Bourdeix is currently member of the executive committee, Co-CIO in charge of the investment divisions Seeyond*, European equities, Investment and client solutions, Global emerging of Natixis Asset Management.