Corporate Presentation

Transcription

1 2015 Anthilia Capital Partners SGR Maggio 2011 Corporate Presentation

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3 Agenda About us Open-end absolute return funds Closed-end funds Advisory and Institutional mandates Risk Management 3

4 About us Asset management company focused on absolute return An independent private company fully dedicated to asset management on behalf of institutional investors and private clients Built-up with the participation of high-profile professionals, Italian and international partner banks Focused on values required by investors: Simplicity and quality Capital protection Absolute return 4

5 About us Anthilia in numbers Launch of company funds Alternative strategies absolute return Mln Asset under Management Professional Partners Fund managers specialized Overall team of the company Risk & Compliance Team Synergetic Business Lines Offices in Italy (Milan, Bologna, Rome) 5

6 About us Our values Partnership Interests alignment among investors and managers-shareholders Competence Proven results from long-term track-record Independence Absence of conflict of interest and independent investment approach Focus Capital protection, transparency and absolute return Coherence Portfolio allocation based on risk appetite of customers Knowledge Investments in markets with proven experience Persistence Positive results achieved over time in different financial conditions 6

7 About us Nine professional partners Giovanni Landi Senior Partner, Board Member 28 years experience Deutsche Bank Banca Commerciale Italiana Nextra IM Andrea Cuturi Partner BM CIO Fund Manager Anthilia Blue 20 years experience Banca Commerciale Italiana Nextra IM Credit Suisse Marco Capolino Partner - CEO 20 years experience Ernst & Young Tank Sgr Lucio Cuppini Partner 29 years experience Gruppo Unipol Paolo Rizzo Partner BM Fund Manager Anthilia Red 26 years experience Deutsche Bank, Fondiaria SAI Credit Agricole Massimiliano Orioli Partner Fund Manager Grey & Orange 27 years experience B. Commerciale Italiana Nextra IM Credit Agricole Markus Ratzinger Partner Fund Manager White & Yellow 18 years experience Citigroup, Chase Manhattan Giro Credit Bank Daniele Colantonio Partner Products development 12 years experience Lloyds ArthurDLittle Enav Giuseppe Sersale Partner Portfolio Manager Mandates 23 years experience B. Commerciale Italiana Nextra IM, BNP Paribas Citigroup 7

8 About us Storyboard Start of Anthilia Capital Parners Sgr Set-up of a quantitative team with a focus on innovative management strategies Construction of a new proprietary platform for portfolio simulation and optimization: Podessys Launch of the closedend fund Anthilia BIT specialized in bonds issued by Italian SMEs Launch of the new Financial Advisory service dedicated to HNWI Launch of the first four Luxembourg funds with alternative investment strategies: Anthilia Grey, Red, Green, Blue Acquisition of new expertise on credit and real estate market: launch of Anthilia White Launch of Anthilia Yellow: integration in the credit linked products range Launch of Anthilia Orange: Luxembourg fund focused on global equity 8

9 About us Business development AUM CAGR +21.4% 607* Breakdown* (Mln, % by the total) Open-end funds Closed-end funds Mandates Advisory Total Open-end funds Equity Total Return Bond Total Return Multiasset Abs. Return ,1% 15,6% 23,2% 16,6% 31,0% 61,1% 51,3% Mln 150 Closed-end funds Private Debt % Mandates UA & HNW Foundations ,3% 76,7% * Data as of August 31,

10 About us Main investors Institutionals Wholesale 10

11 About us Business structure Open-end funds UCITS Closed-end funds platform Institutional Mandates and HNW Advisory Partner / Fund Manager directly responsible for the product Transparency and liquidity of portfolios Credit fund for Italian SMEs Team dedicated to credit analysis and specialized rating agency Managed accounts with defined risk-reward target Monitoring contributions to risk and performance attribution Market updates Focus on risk and target return expected by clients Proprietary platform for scenario analysis and portfolio construction 11

12 About us Integrated skills: absolute return and alternative investments Andrea Cuturi CIO, Fund Manager Blue Massimiliano Orioli Fund Manager Grey & Orange Paolo Rizzo Board Member, Fund Manager Red Markus Ratzinger Fund Manager White & Yellow Giuseppe Sersale Strategist & Portfolio Manager GP Simone Chelini Co-Fund Manager Silver Pietropaolo Rinaldi Co-Fund Manager Silver Giovanni Landi Senior Partner, Portfolio Manager BIT Barbara Ellero Senior Investment Manager Luca Novati Senior Investment Manager Discretional Management Closed- End Funds Quantitative Models Risk Management Products Development Advisory Matteo Soriani Quantitative analysis & Algorithms Daniele Colantonio Marketing & Sales, Products Develop. Antonio Luise Institutional Sales Francesco Milio Institutional Sales Valerio Picciolini Data Management & Software Dev. Marco Prete Analyst Gianni Piazzoli Head of Advisory Caterina Manzini Financial Analyst Attilio Benda Risk Manager & Fund Analysis 12

13 Agenda About us Open-end absolute return funds Closed-end funds Advisory and Institutional mandates Risk Management 13

14 Open-end absolute return funds Product range diversified by asset class and strategies Multi asset low volatility Global Macro Systematic Managed Futures Contained risk, target volatility lower than 3% Multiasset approach, decorrelated with markets Discretional bottom-up approach in securities selection Medium risk Global Macro strategy Diversification across equity, rates, forex, commodities and real estate Low correlation from pure equity risk Medium risk Global Tactical Asset Allocation (GTAA) fund Volatility controlled portfolio built with quantitative algorithms Zero correlation with equity market Corporate Bonds Global Equity Total Return Flexible equity Financial sector focused Systematic search of market inefficiencies Discretionary bottom-up approach in opportunities selection Global Equity fully invested High Quality High Dividend Stocks Minimum Variance High Conviction portfolio European equities managed with flexible approach Capital protection during crises Fundamental stock-picking combining value and momentum approach AnthiliaSilver Long/Short Europe Equity European equities through a long basket and a short basket Net exposure between -10% and +50% Total return approach, controlled volatility, strong alpha 14

15 Open-end absolute return funds Anthilia funds: active management, controlled risk High Portfolio asset delegation (asset class selection) Hedge Funds Mono-asset funds Total Return Medium ETFs Smart Beta AnthiliaSilver Multi-asset absolute Return Low Traditional ETFs Active funds (benchmark) Low Medium High Total (no reference market) Active risk delegation Possibility to deviate from a reference Index (Tracking error) 15

16 Open-end absolute return funds Products profile Open-end funds Anthilia White Anthilia Yellow Anthilia Orange Anthilia Red Anthilia Blue Anthilia Grey Anthilia Silver Typology Absolute Return Total Return Total Return Total Return Absolute Return Absolute Return Total return Category Multiasset Credit Equity Equity Multiasset Multiasset Equity Strategy Low volatility Financial subordinated Global equity Flexible equity Global Macro Managed Futures Long/Short equity Picking Style Timing Allocation Bottom-up Approach Top-down Discretionary Quantitative Other funds / ETFs Max 10% Max 10% Max 10% Max 10% Max 10% Max 10% Max 10% Volatility target Max 3% Max 8% Max 12% Max 10% Max 6% Max 5% Max 9% 16

17 Agenda About us Open-end absolute return funds Closed-end funds Advisory and Institutional mandates Risk Management 17

18 Closed-end funds Private Debt: Anthilia BIT, Bond Impresa Territorio Closed-end fund dedicated to Institutional investors Listed and unlisted bonds issued by small and medium-sized Italian companies Resources to creditworthy projects, no refinancing Risk diversification instrument for Institutional investors Expected annual target return: 6% - 7% Investors Support the development and internationalization of SMEs Virtuous model to create creditworthy projects and ideas Diversifies the credit portfolio, low correlation with listed markets Projects and ideas 18

19 Closed-end funds Issues subscribed 19

20 Agenda About us Open-end absolute return funds Closed-end funds Advisory and Institutional mandates Risk Management 20

21 Advisory and Institutional mandates A dynamic, tailored and transparent d vi s o r Review Objectives Solidity Vision Diversification 21

22 Advisory and Institutional mandates Rigorous approach, advanced technology Our check-list Market dynamics analysis Allocation Statistics Identification of investor s needs Risk-Reward portfolio optimization Portfolio construction with a long-term perspective Portfolio scenarios Alternative solutions Customized investment solutions 22

23 Advisory and Institutional mandates From markets to portfolio construction Contest Analysis Planning Market dynamics analysis Identification of investor s needs Risk-reward portfolio optimization Analysis of aggregate assets Customized investment solutions Valuation of alternatives 23

24 Agenda About us Open-end absolute return funds Closed-end funds Advisory and Institutional mandates Risk Management 24

25 Risk Management Control and support to other functions Capital protection Market risk Liquidity risk Leverage control Regulatory limits Performance monitoring Performance decomposition Analysis of risk components Integration with Asset Management Meeting with Fund Managers Support Institutional due diligence 25

26 Contacts Offices Milan Rome Bologna Corso di Porta Romana, Milano Tel Via Antonio Bertoloni, Roma Tel Via Guerrazzi, 28/ Bologna Tel Daniele Colantonio, Partner Marketing & Product Development tel

27 Note Questo documento è prodotto a scopo esclusivamente informativo, non costituisce sollecitazione e non rappresenta un offerta formale all acquisto o alla sottoscrizione di strumenti finanziari. Qualsiasi ricerca o analisi utilizzata nella redazione di questo documento è basata su fonti ritenute affidabili ma non vi è garanzia sull accuratezza e completezza di tali fonti. Ogni opinione, stima o previsione può essere modificata in qualsiasi momento senza preavviso. Questo documento non è destinato alla distribuzione a investitori privati e non è diretto a persone fisiche o giuridiche che siano cittadini o residenti o aventi sede in luoghi, regioni, paesi o altre giurisdizioni dove tale distribuzione, pubblicazione, disponibilità o uso siano contrari a leggi o regolamentazioni. I rendimenti passati non sono indicativi di quelli futuri. Questo documento è prodotto da Anthilia Capital Partners Sgr Spa per uso interno e non può essere riprodotto o distribuito, sia parzialmente che integralmente, senza autorizzazione da parte di Anthilia Capital Partners Sgr Spa. 27