Active management, different thinking

Transcription

1 Active management, different thinking

2 Built by investors, for investors GAM is one of the world s leading independent, pure-play asset managers. Our business is comprised of two well-established investment brands, GAM and Julius Baer Funds. In addition, our private labelling business provides fund administration and other support services to thirdparty institutions. For over 30 years we have successfully employed an active investment management approach based on original thought, freedom of action and true conviction investing all backed by a strong, flexible infrastructure, with lean and effective processes. Today, with approximately CHF 124 billion of assets under management and over 1,000 employees in 11 countries, we have a significant global presence. GAM pioneered the open architecture approach in the 1980s, and we continue to work with carefully chosen specialist external investment managers in select areas. Group s investment management business AUM by product type 1 Alternative investments solutions 5% Discretionary & advisory 6% 6% Fixed income 31% An independent, leading asset manager Founded in 1983 Publicly listed in Switzerland with a market capitalisation of circa CHF 3bn (ticker: «GAM:SW») Solid asset base 2 CHF 124.2bn assets under management Investment management business CHF 73.5bn Private label business CHF 50.7bn (processing / infrastructure business) Substantial resources Over 1,000 employees Circa 150 investment professionals Global presence and reach Offices in 11 countries Six investment centres Absolute return 30% 22% Equity Breadth and active investment focus Distinctive offering covering the full spectrum of asset classes and strategies 1 CHF 73.5bn as at 30 June 2015 Source: GAM Underpinned by a commitment to active investment management 2 All figures as at 30 June 2015 Source: GAM 2

3 Independent Our autonomy means we are able to pursue and develop our business without the restrictions, compromises or pressures typically faced by investment managers that are embedded in large financial conglomerates. We believe this makes us an attractive home for investment talent. Our independence allows us to employ a long-term perspective, which we consider a pre-requisite for active investing. All of our managers are encouraged to think and act independently. We do not restrict their opinions with a house view, nor do we bind them to short-term index comparisons. Instead, they are free to make decisions based on their individual philosophies and styles, seeking to generate attractive returns through genuine conviction investing. Global presence and reach GAM is an asset manager of significant scale. We employ over 1,000 people in locations around the world. As of 30 June 2015, we had CHF billion of assets under management CHF 73.5 billion in our investment management business and CHF 50.7 billion in private labelling. Our scope is global, with offices in 11 countries and investment centres in London, Zurich, Hong Kong, New York, Lugano and Milan. We support our growth with an extensive global distribution network which includes sales, marketing, product development and product management. Our client base is global and split approximately 50/50 between institutional clients and financial intermediaries. We offer a range of products and solutions that include regulated onshore (such as UCITS), offshore, and segregated account vehicles across a variety of strategies. GAM s managers work in an environment that allows them to be nimble and to pursue their investment views in an unrestricted way. Our infrastructure helps support them by efficiently and effectively executing and distributing their strategies. Germany Hong Kong Ireland Italy Japan Luxembourg Singapore Spain Switzerland United Kingdom United States 3

4 Investment talent Our team includes around 150 investment professionals who, thanks to our structure, are able to focus a large part of their time directly on managing assets. These professionals are divided into 17 in-house investment teams covering an extensive range of investment styles, asset classes and markets. In select areas, we also work with a small group of carefully chosen external managers. GAM pioneered this open architecture approach in the 1980s, and it remains an important part of our investment offering. Our aim is to offer clients access to differentiated managers and strategies that may not be generally accessible to the market. Comprehensive GAM product range Broad range of traditional and absolute return strategies Absolute return Fixed income Equity Alternative investments solutions Multi-asset Fixed income Abs. return bond EM debt Macro/managed futures Equity long/ short Global Europe Emerging mkts Nondirectional Thematic Currencies Global Traditional Total return Inflation linked Regional Europe US Emerging mkts Specialist Catastrophe bonds EM credit DM credit MBS ABS Convertibles Global Regional North America Europe Asia Emerging mkts Active ETFs Thematic Energy Healthcare Infrastructure Luxury brands Natural resources Technology Discretionary management Single strategy Multi-strategy Customised Alternative risk premia Advisory solutions Relative return Risk rated strategies Absolute return/ flexible Income Specialist Physical metals Precious metals Industrial metals We employ an active investment approach across a full range of investment strategies and styles in all asset classes. GAM is also a leading player in the alternative UCITS space, having one of the broadest ranges of investment products in the marketplace In fixed income we cover the full breadth of instruments and active investment styles, ranging from the traditional through to specialist, total and absolute return. This includes our developed market and emerging market offering Our alternative investments offering includes single-strategy, multi-strategy and customised portfolios of hedge funds, as well as alternative risk premia and advisory solutions Our multi-asset offering provides a range of solutions tailored to the specific investment needs and objectives of a variety of clients. 4

5 Product innovation We have always placed a strong emphasis on product innovation. Today, two-thirds of our assets under management come from products and strategies we developed and launched after Alternative UCITS, absolute return products, alternative forms of fixed income such as catastrophe bonds, specialist credit and mortgage-backed securities continue to be a significant focus for our organisation. Foresight in our product innovation has helped us stay ahead of trends, anticipating and aiming to meet the needs of our clients as they evolve. Our approach to strategic and global product development has always been, and remains, a direct response to our clients changing requirements. Outstanding infrastructure Our investment professionals are supported by an extensive infrastructure including fund administration, product management, operations and compliance. This flexible setup supports a range of product structures, solutions, and varying domiciles. Our well-established compliance infrastructure has considerable experience in dealing with multiple regulatory regimes. We have also developed sophisticated, proprietary technology to better support how we report to and interact with our clients. Thanks to our scope, we have the flexibility and capabilities needed to serve a diverse set of clients around the globe. Growth-oriented At GAM we can look back on a successful history spanning more than 30 years. Over this time we have continued to evolve, reflecting our search for sustainable, long-term investment opportunities. While we are proud of our heritage, we are not complacent. Our constant drive to look forward and to adapt to the needs of our clients helps us to capitalise on our strengths, addressing secular industry trends with innovative, appropriate solutions. Our ability to meet the needs of our clients has been the key driver of our growth, and will remain so in the future GAM acquired Singleterry Mansley Asset Management in an asset purchase 2009 GAM acquired Augustus Asset Managers Ltd GAM acquired Arkos Capital SA 2009 Separation from Julius Baer to form an independent, publicly listed, pure-play asset management group 2005 Julius Baer acquired GAM and three private banks from UBS 1999 GAM acquired by UBS 1983 GAM founded by Gilbert de Botton 5

6 For more information, please visit Important legal information The information in this document is given for information purposes only and does not qualify as investment advice. Opinions and assessments contained in this document may change and reflect GAM Group s point of view in the current economic environment. No liability shall be accepted for the accuracy and completeness of the information. Past performance is not an indicator of current or future performance. Investments should be made only after thorough reading of the current statutory prospectus and/or the fund regulations, the KIID, the articles of association and the current annual and semi-annual report and following advice from an independent finance and tax specialist. JN6297 August 2015