Only a leader in Alternative Investments can offer you such a choice

Transcription

1 Only a leader in Alternative Investments can offer you such a choice together to the essence

2 Dexia Asset Management, a European leader in Alternative Investments n An Alternative manager since 1996 n World s Top 100 Hedge Fund Managers * n Europe s Top 50 Hedge Fund Managers ** A recognised expertise Performance Our strategies are regularly nominated and awarded by the major financial publications (Eurohedge, Hedge Fund Manager, Hedge Fund Review, La Tribune, Geld Magazin, ). We offer three different risk/return profiles: Absolute Return & Low Volatility Volatility target 1-5% Objective Eonia % Absolute Return & Medium Volatility Volatility target 5-10% Objective 8-10% Absolute Return & High Volatility Volatility target >10% Objective >10% Transparency We publish every month fund performance reports and managers comments on portfolio activity. Liquidity We provide daily or weekly valuations for most of our strategies. Portfolio underlyings are selected according to the fund liquidity terms. Innovation Since 1996, our innovation dynamic has been reflected in the launch, on average every 18 months, of a new management strategy. * Source: Institutional Investor (2010). ** Source: Hedge Fund Journal (2011).

3 A regulated manager Dexia AM is keen to emphasise its regulated funds as well as an enhanced risk controlling: Direct supervision by the European authorities (AMF in France, CSSF in Luxembourg), including specific regulatory approvals for alternative fund and fund of funds management; Independent control by custodians, valuers and auditors; Independent risk management department, that ensures respect of the regulatory, contractual and internal limits within our funds, especially risk indicators such as volatility, VaR (Value-at-Risk) and stress tests; We manage exclusively European on-shore funds; Since 1996, we have developed a recognised track record in managing most of our strategies through UCITS format. To know more on Alternative Investments by Dexia AM, contact our specialists: [email protected]

4 An experienced team At your service is a team of 50 managers and analysts with, on average, 14 years experience in the field and 8 years at Dexia AM, backed by the expertise of specialised desks: DEXIA AM ALTERNATIVE INVESTMENT Fundamental strategies Quantitative strategies External Multi-Management Alternative solutions 20 managers 11 strategies 10 managers 3 strategies 7 managers 1 strategy 4 managers 3 strategies 4 quantitative analysts QUANTITATIVE RESEARCH 3 negotiators EQUITY FINANCE A dedicated quantitative research team working on the development of new decision-making models, trading strategies and valuation tools. Collateral and OTC derivatives management for Alternative funds Securities lending Cash management MACROECONOMIC RESEARCH 4 economists Monitoring of the economic and financial situation in the major industrialised and emerging countries Prediction models covering a 1 to 2 years horizon INVESTMENT SPECIALISTS MIDDLE OFFICE RISK MANAGEMENT & CONTROL LEGAL SERVICE 5 specialists 18 operators 10 controllers 5 legal specialists A dedicated team for relations with sales teams, and with institutional & private investors providing marketing & commercial support for the alternative funds One team specialised in securities One team specialised in OTC trades One team specialised in pricing and valuation Report directly to Dexia AM s Executive Committee Daily risk monitoring (regulatory ratios, NAV control, counterparty risk, credit risk, VaR and stress tests) Management of legal risks and legal advices to all Business Units Legal engineering on funds Dedicated team to OTC derivative products

5 At Dexia AM, Alternative Investments are based on: n 4 management pillars n 17 investment strategies n 32 funds, 22 of which are UCITS A diversified range ALTERNATIVE STRATEGIES Opportunistic Such discretionary process intends to detect, and then to take advantage of, short-, medium- and long-term trends through fundamental and quantitative analysis. Event Driven Event Driven process is based on events likely to generate discontinuity in the price of a security, such as Mergers & Acquisitions, Special Situations, Index Rebalancing. Global Macro Using quantitative models and macroeconomic analysis, our global macro process invests across the whole range of financial assets via directional (long/short) or arbitrage strategies. Relative Value Relative Value management is all about taking advantage of market inefficiencies through arbitrage positions. - Corporate credit - Emerging markets: Debt & Currencies - Long / Short European Equities - Risk Arbitrage - Index Arbitrage - Managed Futures - Global Macro - Market Neutral European Equities - Commodities Arbitrage ALTERNATIVE ASSETS These funds provide a net structural exposure to alternative assets, in addition to the traditional equities and bonds. EXTERNAL MULTI- MANAGEMENT Selection of the most interesting funds in the market Active strategic allocation implemented after the analysis of the economic environment Diversified process Static Structures with fixedterm maturity Defined pay-off (visibility on potential returns) ALTERNATIVE SOLUTIONS Dynamic A budget risk approach enabling both a limited downside and potential upside on markets - Convertible bonds - High Yield corporate bonds - Real estate - Commodities - Alternative funds of funds - Capital protection - Capital guarantee - Internal Multi-Management - Absolute Return A tailor-made offer In addition to its current range, Dexia AM offers tailor-made investment solutions: n Dedicated funds n Mandates n Managed accounts

6 Belgium Dexia Asset Management Belgium Place Rogier Bruxelles Tel: France Dexia Asset Management SA 40, rue Washington Paris Cedex 08 Tel: Luxembourg 136, route d Arlon 1150 Luxembourg Tel: Australia Ausbil Dexia Ltd Veritas House Level Kent Street Sydney NSW 2000 Tel: Bahrain Middle East Representative Office Bahrain Financial Harbour, Financial Center, West Harbour Tower, Level 23 King Faisal Highway PO Box Manama Tel: Canada Canadian Representative Office 155, Wellington Street West 6th floor Toronto, Ontario M5V 3L3 Canada Tel: Germany Zweigniederlassung Deutschland An der Welle Frankfurt Tel: Italy Succursale Italiana Corso Italia Milano Tel: Spain Sucursal en España Calle Ortega y Gasset, Madrid Tel: Switzerland succursale de Genève 2, rue de Jargonnant 1207 Genève Tel: The Netherlands Dexia Asset Management Nederlands bijkantoor Lichtenauerlaan ME Rotterdam Tel: Disclaimer This document is published purely for the purposes of information, it contains no offer for the purchase or sale of financial instruments, does not comprise investment advice and it is not confirmation of any transaction unless expressly agreed otherwise. The information contained in this document was obtained from a number of different sources. Dexia Asset Management exercises the greatest care when choosing its sources of information and passing on this information. Nevertheless errors or omissions in those sources or processes cannot be excluded a priori. Dexia AM cannot be held liable for any direct or indirect damage or loss resulting from the use of this document. The contents of this document may be reproduced only with the prior written agreement of Dexia AM. The intellectual property rights of Dexia AM must be respected at all times. Warning: If this document mentions the past performances of a financial instrument or index or an investment service, refers to simulations of such past performances or contains data relating to future performances, the client is aware that those performances and/or forecasts are not a reliable indicator of future performances. Moreover, Dexia AM specifies that: l in the case where performances are gross, the performance may be affected by commissions, fees and other charges; l in the case where the performance is expressed in another currency than that of the investor s country of residence, the returns mentioned may increase or decrease as a result of currency fluctuations. If this document makes reference to a particular tax treatment, the investor is aware that such information depends on the individual circumstances of each investor and that it may be subject to change in the future. This document does not comprise any investment research as defined in article 24, 1 of Directive 2006/73/CE dated 10 August 2006 implementing Directive 2004/39/CE of the European Parliament and Council. If this information is a marketing communication, Dexia AM wants to clarify that it was not designed according to the legal requirements to promote the independence of investment research, and it is not subject to any prohibition on dealing prior to the dissemination of the investment research. Dexia AM invites the investors to always consult the fund prospectus before investing in a fund. The prospectus and other information relating to the fund are available on our site at