Paris-based asset manager, TOBAM, established in 2006 by Yves Choueifaty and other colleagues, has launched a new strategy based on its flagship Anti-Be
Paris-based asset manager, TOBAM, established in 2006 by Yves Choueifaty and other colleagues, has launched a new strategy based on its flagship Anti-Benchmark strategies that will be available to investors via a UCITS-III comingled fund. Entitled the Anti-Benchmark World Equity strategy, it offers daily liquidity and has, according to the firm’s official press release, already locked in EUR150million in registered inflows. The firm’s Anti-Benchmark approach attempts to maximise diversification in asset weighting when constructing portfolios, and it’s by applying this process to the global equity universe that will help greatly reduce volatility in the Anti-Benchmark World Equity strategy. The strategy uses the MSCI World Index as its benchmark index. Commenting on the news, TOBAM President Choueifaty said that this new Anti-Benchmark process would provide investors with the highest level of diversification achievable within the global equities universe. “It offers a higher expected return compared to the index, combined with a volatility objective reduced by around 30 per cent,” added Choueifaty. When Hedgeweek spoke to TOBAM, a spokesperson confirmed that expected annualised returns would be 3 to 5 per cent and that the portfolio would hold, on average, between 100 and 120 stocks.
