SEEYOND Turning uncertainty into opportunity. an expertise of

Transcription

1 SEEYOND Turning uncertainty into opportunity an expertise of

2 Portfolios adapted to a persistently uncertain environment Designated to navigate today s unstable markets, Seeyond s strategies ensure a perfect coherence with Natixis Global Asset Management s Durable Portfolio Construction SM approach to construct portfolios capable of resisting all market conditions by adapting to unforeseeable market conditions. The Durable Portfolio Construction SM approach is based on five principles: Put risk management first - use risk parameters as the primary input for asset allocation to manage volatility and create portfolios capable of minimizing the impact of extreme market movements Maximize diversification - consider the broadest possible range of asset classes and investment strategies when creating portfolios Use alternative investment strategies - take advantage of alternative strategies and asset classes to lower correlations, temper volatility and pursue new sources of return. Make smarter use of traditional asset classes - seek new and efficient ways to capitalize on the long-term potential of stocks and bonds Be consistent - maintain a consistent portfolio construction process and stay focused on the big picture, regardless of short-term changes in market conditions.

3 See investment management differently Seeyond, Natixis Asset Management s volatility management and structured product investment division, implements strategies that go beyond conventional active management. INVESTOR OBJECTIVES SEEYOND STRATEGIES Reconcile capital protection with performance STRUCTURED BETA & GUARANTEE Turning uncertainty into performance with full or partial capital protection Structured management / Active protected management Combining performance with rigorous monitoring of the equity markets SMART BETA Seek the balance between performance and risk Model-driven equity management Find diversification within a global asset allocation framework FLEXIBLE BETA & VOLATILITY Turning market dispersion and volatility into performance Flexible asset allocation / Active volatility management Seek decorrelated equity performance HEDGED BETA Turning equity dispersion into performance Equity arbitrage strategies

4 Seeyond s added value Focus on risk adjusted return It is not contradictory, in fact it is quite the opposite; the last decade shows that equity investors have not been rewarded in line with the risk taken. Find new sources of diversification Seeyond investment division teams exploit market volatility and dispersion to provide investors with solutions that offer as uncorrelated returns as possible from traditional asset classes. Critical thinking The strength of Seeyond investment division lies in our specialists ability to constantly challenge the postulates of conventional financial theory as well as our own models. SEEYOND S EXPERTS Emmanuel Bourdeix Co-CIO of Natixis AM and head of Seeyond s investment division. 18 years of experience in equity, balanced and structured product management QUANTITATIVE RESEARCH Hamza Bahaji, PhD 10 years of experience in financial engineering and quantitative structuring and research STRUCTURED BETA & GUARANTEE Samir Nait-Bachir 19 years of experience in derivatives trading and structured management SMART BETA Nicolas Just, CFA 18 years of experience as an equity derivatives trader, sell side analyst and portfolio manager FLEXIBLE BETA & VOLATILITY Frank Trividic 20 years of experience primarily in balanced portfolio management HEDGED BETA Stéphane Galzy 25 years of experience in alternative investing as a proprietary trader and portfolio manager

5 Turning uncertainty into opportunity Over the past decades, three major structural changes have dramatically impacted the investment landscape: Market trend exhaustion, Increasing interconnections between asset classes, Rising frequency and intensity of shocks. Twice as many shocks between (represented by the number of weekly movements of more than 5% on the MSCI World) Dec-72 Oct-76 Aug-80 Jun-84 Apr-88 Feb-92 Dec-95 Oct-99 Aug-03 Jun-07 Apr-11 Number of weekly shocks > 5% over the last 3 years Source: Natixis AM - 01/2013 To generate value, Seeyond investment division s philosophy is based on a strong conviction: It is more efficient to exploit market volatility rather than invest according to return forecasts that are sometimes inaccurate and often unstable. Emmanuel Bourdeix, Co-CIO of Natixis AM and head of Seeyond s investment division. A pioneer in active volatility management, already awarded two innovation price for this type of strategies.

6 Seeyond in brief 32 investment experts 15 billion in assets under management Strategies that go beyond conventional active management to turn market uncertainty into investment opportunities Solutions that conciliate performance and risk reduction research Source: Natixis AM as of 31/12/ key areas of expertise 1. Structured Beta & Guarantee Structured management Active protected management 2. Smart Beta Model-driven equity management 3. Flexible Beta & Volatility Flexible asset allocation / Active volatility management 4. Hedged Beta Equity arbitrage strategies Legal information This document is intended for professional clients. It may not be used for any purpose other than that for which it was conceived and may not be copied, diffused or communicated to third parties in part or in whole without the prior written authorization of Natixis Asset Management. None of the information contained in this document should be interpreted as having any contractual value. This document is produced purely for the purposes of providing indicative information. It constitutes a presentation conceived and created by Natixis Asset Management from sources that it regards as reliable. Natixis Asset Management reserves the right to modify the information presented in this document at any time without notice and particularly the information concerning the description of the management processes which does not in any way constitute a commitment on behalf of Natixis Asset Management. Natixis Asset Management will not be held responsible for any decision taken or not taken on the basis of information contained in this document, nor in the use that a thirdparty may make of it. Figures mentioned refer to previous years. Past performance does not guarantee future results. Reference to a ranking and/or a price does not indicate the future performance of the UCITS or the fund manager. The funds mentioned in this document have received the approval of the French Financial Market Authority (AMF) or have received authorization to be marketed in France. The risks and costs related to investment in a fund are described in the fund s prospectus. The prospectus and the periodical reports are available on request from Natixis Asset Management. Potential subscribers must be in possession of a copy of the prospectus before making any subscription. In the case of funds that qualify for a special tax status, we remind potential investors that the special tax conditions depend on the individual situation of each clients and that such conditions may be subject to future modification. Under Natixis Asset Management s social responsibility policy, and in accordance with the treaties signed by the French government, the funds directly managed by Natixis Asset Management do not invest in any company that manufactures sells or stocks antipersonnel mines and cluster bombs. Seeyond is a brand of Natixis Asset Management. Picture cover: istoockphoto. Jasmina Natixis Asset Management Limited Liability Company Share Capital: RCS Paris Regulated by AMF: GP quai d Austerlitz Paris Cedex 13 Seeyond is a brand of Natixis Asset Management. Natixis GLOBAL Asset Management Limited Company Share Capital: RCS Paris Registered Office: 21 quai d Austerlitz Paris an expertise of