Rothschild & Cie Gestion Paris Europlace July 11, 2013
Contents Sections 1 Rothschild Group 2 2 Rothschild & Cie Gestion 6 3 Rothschild HDF Investment Solutions 10 4 International business coverage 13 1
1. Rothschild Group
1.1 The Rothschild family 1. Rothschild Group A family at the centre of the world s financial markets for more than 250 years Mayer Amschel Rothschild 1743-1812 Nathan 1777-1836 London Amschel 1773-1855 Frankfurt Salomon 1774-1855 Vienna Carl 1788-1855 Naples James 1792-1868 Paris Nathaniel 1812-1870 Lionel 1808-1879 Alphonse 1827-1905 Gustave 1829-1911 Edmond 1845-1934 Nathan 1844-1881 Nathaniel 1840-1915 Leopold 1845-1917 Edouard 1868-1949 Robert 1880-1946 Maurice 1881-1957 Henry 1872-1946 Nathaniel 1877-1923 Anthony 1887-1961 Guy 1909-2007 Alain 1910-1982 Elie 1917-2007 Edmond 1926-1997 Philippe 1902-1988 Victor 1910-1990 Evelyn 1931 David 1942 Edouard 1957 Eric 1940 Robert 1947 Nathaniel 1946 Benjamin 1963 Philippine 1935 Jacob 1936 Original English arm English arm set up in France French arms Extinct arms 3
1.2 A family-controlled and independent group Paris-Orléans: the parent company of the Rothschild Group 1. Rothschild Group Profile Simplified Organigramme shareholding simplifié structure du Groupe Paris Orléans is the parent company of the Rothschild Group and is controlled (47%) by a group of Rothschild family members Paris Orléans SA acting in concert, by companies owned by members of the 100% Rothschild family and by other shareholders with long-standing ties to the Rothschild family. 93% Concordia Holding SARL 55% The company is listed on the Eurolist market of Euronext Paris. Rothschild Continuation Holdings 45% Rothschild & Cie Banque Evolution of the assets under management* (in bn) 40 30 28,1 34,2 37,2 39 Rothschild & Cie Advisory services for mergers and acquisitions Rothschild & Cie Gestion Direct management 20 Rothschild HDF Investment Solutions 10 Open architecture management (traditional and alternative) Investment solutions 0 2009 2010 2011 2012 * Wealth management and asset management Paris-Orléans figures as of December 31 st 2012 Source Paris-Orléans figures as of March 31 st 2012 4
1.3 Core activities of the Rothschild Group Four main arms: asset management, wealth management, merchant banking and global financial advisory 4 main arms 1. Rothschild Group Institutional Asset Management provides investment management and advisory services to institutional clients, financial intermediaries, third-party distributors and private clients around the world. It operates through two principal subsidiaries: Rothschild & Cie Gestion, headquartered in Paris, covers a full range of products including equities, fixed-income, convertible bonds and flexible diversified funds. It also offers open architecture investment solutions in all asset classes; Asset management Rothschild Asset Management Inc, headquartered in New York, manages investments covering a range of US securities including large-cap, small/mid-cap, small-cap, and balanced strategies. Wealth Management and Trust business provides wealth structuring, investment management, banking and trust services to wealthy individuals, families, trusts and charities; Merchant Banking business deploys the firm s capital, alongside that of trusted partners, primarily in European investment opportunities; Wealth Management Merchant banking Global financial advisory Global Financial Advisory business provides impartial, expert advisory and execution services to corporations, governments, institutions and individuals. 5
2. Rothschild & Cie Gestion
2. Rothschild & Cie Gestion 2.1 Rothschild & Cie Gestion Two core practices: direct management and open-architecture investment solutions Complementary expertise Rothschild & Cie Gestion Direct management: equities bonds convertibles and diversified Predominance of the Eurozone Rothschild HDF Investment Solutions Open-architecture investment platform for traditional and alternative investments and innovative investment solutions All asset classes and all geographic areas Family controlled A wholly-owned subsidiary of Rothschild & Cie Banque, itself majority-owned by the Rothschild family Limited partnership (general partners are personally liable for the commitments of the Company) A subsidiary majority-owned by Rothschild & Cie Gestion Simplified joint-stock company Responsible investment Signatory of the UN PRI European clientele France, Belgium, Netherlands, Luxembourg, Germany, Austria, Switzerland, Spain, Italy 7
2.2 Assets under management Rothschild & Cie Gestion manages 22* billion 2. Rothschild & Cie Gestion Evolution of the assets under management (in m) Asset class breakdown 25 000 21 856 20 000 + 68% 15 000 10 000 Client breakdown 5 000 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source Rothschild as of 30/03/2013 * AUM included Rothschild & Cie Gestion and its Rothschild HDF Investment Solutions subsidiary 8
2. Rothschild & Cie Gestion 2.3 Investment Solutions Set Up Management-Solutions Integration Direct management Rothschild & Cie Gestion, 25 investment professionals Large cap equities Mid cap equities Fixed income: sovereign, corporates Convertibles Balanced Investment Solutions 6 experts Design Assembling Open architecture RHIS, 26 investment professionals Open-architecture investment platform for traditional and alternative investments Innovative investment solutions (Solvency 2, structuring, quantitative modelling ). Convexity Fundamental Approach Conviction Servicing Portfolio Construction & Allocation Risk Management Manager Selection Contrarian Financial Engineering & Bespoke Solutions Customized Investment Solutions Lab 9
3. Rothschild HDF Investment Solutions
3.1 Rothschild HDF Investment Solutions Group (RHIS) Long-term experience and consistent track record 3. Rothschild HDF Investment Solutions Multi-strategy / single-strategy / trading-oriented funds of hedge funds Single managers Multi-manager long-only funds Bespoke solutions / advisory mandates Client-focused culture Committed & innovative Rigorous investment process Robust risk management for consistent performance Signatory of the United Nations Principles for Responsible Investment (UN PRIs) Long-term experience and track record 23 years experience, dating back to 1989 In-depth research, sourcing and selection of the investments Pioneer of open-architecture investment solutions platform combining long-only and alternative funds Personalised approach to investment solutions Key Values Understand and achieve our clients investment objectives, focusing on risk, constraints and liabilities Committed to open-architecture investing Incorporate risk management into every step of the investment process 11
3.2 Rothschild HDF Investment Solutions Our offering: three core activities 3. Rothschild HDF Investment Solutions Client focused Integration of clients objectives and constraints Open-Ended Funds of Funds 1 Dedicated Mandates 2 Investment Solutions 3 Diversified open-ended fund range Customised management in one or more areas of RHIS expertise Bespoke solutions to meet specific client requirements Broad investment offering across 3 approaches For all client types - Institutional Investors - Distributors - Private Investors Various Registration / Legal Structure / Currencies Multiple formats - Institutional mandate - Mutual funds - Managed accounts - Advisory management - Manager-guided funds Dedicated management - Specific constraints - Customised reporting Innovation & structuring Innovation - Single manager & structuring - - Funds Solvency of one solutions: (single manager) - Solvency Solutions II Solutions with downside protection - Formats (risk on/risk (UCITS, off); ARIA ) solutions for asymmetric risks Mandate - Structure allocation (UCITS, ARIA ) - Liabilities management - Mandate Quantitative allocation modelling - Liabilities management - Quantitative modelling Diversified investment universe Asset classes - Equities (all caps) - Fixed Income - Currencies - Derivatives - Commodities All investment styles / strategies - Multi-strategy - Long short (equity / fixed income) - Global macro - Quantitative trading - Relative value - Long-only All geographic areas - World - Europe - Japan - Emerging - Asia Innovative solutions to optimise and control risks across a broad base of investment expertise 12
4. International business coverage
4.1 International business coverage An organization tailored to have a large coverage of our key markets 4. International business coverage Opportunistic approach: Japan/Asia (2 funds registered and 5 fund registrations in progress in Japan) Middle East Africa UK Global consultants Pan-European fund selectors Subsidiary dedicated to Open-architecture investment Solutions business development Iceland Benelux A dedicated Sales team of 3 persons 15 funds registered in Belgium 8 funds registered in Luxembourg 5 funds registered in Netherlands Norway Sweden Finland Estonia Latvia Russia Ireland UK Netherlands Denmark Poland Lithuania Belarus Germany Partnership with a TPM 6 funds registered Spain 1 dedicated Sales person and 1 Senior advisor 6 funds registered Portugal Spain France Belgium Luxembourg Switzerland Germany Italy Czech Republic Austria Slovenia Croatia Ukraine Slovakia Moldova Hungary Romania Serbia Kosovo Bulgaria Macedonia Turkey Greece Switzerland (Zurich Branch) Dedicated branch 12 funds registered Italy Dedicated branch 1 person Cyprus 14
Disclaimer 4. International business coverage Source: Rothschild. All rights reserved. This document is intended exclusively for professional investors and is not to be distributed to and/or relied on by private individual investors. This document is for informational purposes only and does not constitute an offer or solicitation to subscribe to the Funds described, nor does it replace the Fund's key investor information document (KIID) or prospectus. The information provided in this document is not contractual. Shares of each fund are not being offered or sold in any jurisdiction where the offer or sale is prohibited by law. Subscriptions will be received and shares or units will be issued as indicated in the Fund's KIID or prospectus. The present document does not indicate any fees or commissions that may be charged when issuing or redeeming the Fund's shares or units. Rothschild HDF Investment Solutions provides no guarantee whatsoever in relation to fund performance and will not be liable for any decision made on the basis of the information provided in this document. Past performance is no guarantee of future performance and performance may vary over time. Investment in one or more of the Fund's shares or units is not without risk. Rothschild HDF Investment Solutions recommends that investors consult their financial advisor or Rothschild HDF Investment Solutions before making any investment decision, especially to determine whether or not the Fund's characteristics are appropriate for their requirements. The rules governing taxation depend on each client's particular situation and may be modified. Information for "US persons" This Fund s shares or units are not and will not be registered for sale in the United States pursuant to the US Securities Act of 1933 as amended or pursuant to any other US law. These shares or units therefore must not be offered or sold in or transferred to the United States (including US territories and possessions) nor directly or indirectly benefit any US person (as understood under Regulation S of the 1933 Securities Act) or any equivalent person, as defined in the HIRE Act of March 18, 2010 and the Foreign Account Tax Compliance Act (FATCA). 15