Pacific Asset Management (PAM) is an independent asset manager based in London. PAM’s investment teams manage global assets in excess of $4.4 billion. PAM’s single manager Craft
Investment approach offers strategies where investment skill and experience have proven to
outperform, by focusing on markets that are less efficient, whilst their multi-asset teams provide technology enabled and innovate risk targeted fund ranges. PAM is committed to sustainable investing and offers a range of sustainable multi-asset portfolios, as well as an Article 8, global long only Longevity & Social Change fund.
Dani Saurymper is the Portfolio Manager in Pacific’s Longevity and Social Change team. Prior to joining PAM in July 2021, Dani worked at AXA where he was Portfolio Manager of the AXA Framlington Longevity Economy fund. He was also Portfolio Manager of the AXA Framlington Health Fund and research lead for Health, Ageing & Lifestyle at AXA Framlington. Dani has over 20 years experience in the Healthcare sector.
Julia Varesko is a Senior Analyst in Pacific’s Longevity and Social Change Team. Prior to joining PAM in September 2021, Julia was a senior analyst covering diversified financials at JP Morgan. She has also held roles at Elsworthy Capital and Berenberg Bank as well as a prior period at JP Morgan where she spent six years covering the Capital Goods sector. Julia is a CFA Charterholder and holds an MSc in Accounting and Finance from the London School of Economics and a BSc in Economics from University College London.
AUM in the fund?
Currently $50 million as the fund was only launched in late October/early November 2021. We have lofty ambitions and believe the capacity for a fund such as ours could be at least $1 billion.
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Robeco is one of Europe’s largest asset managers with more than $200 bn in assets under management. Founded in 1929, just weeks after the Wall Street Crash, by seven Rotterdam businessmen who formed a syndicate to invest people’s savings and manage money collectively, it was called the Rotterdamsch Beleggings Consortium, later shortened to Robeco.
The multinational firm is a research-driven active manager, renowned for its sustainability investing. In the US, it owns Harbor Capital Advisors and Boston Partners Asset Management, and acquired Sustainable Asset Management in Zurich in the 2000s. Robeco’s ‘investment engineers’ routinely integrate sustainability factors into their entire range of equity and fixed-income strategies and their investment style is bottom-up stock selection with top-down checks.
The Robeco Sustainable Global Stars Equities Fund has been investing worldwide since 1929, making it the oldest existing fund in the Netherlands. Today it has $5 bn in assets under management and both a 5-Star and 5-Globe ESG Morningstar rating. Oliver Attwater joined Robeco in September 2021 and works alongside five other portfolio managers on the Sustainable Global Stars Equities Fund.
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Roberto Magnatantini joined DECALIA in 2020. He is lead portfolio manager of DECALIA Silver Generation and DECALIA Eternity funds. Before joining DECALIA, Roberto was Head of Global Equities at SYZ Asset Management, where he spent 12 years managing two strategies for the OYSTER funds’ franchise. Before that, he worked four years at Lombard Odier and four years at HSBC where he managed equity funds. He is a CFA and CMT charter holder and holds a ESG certification from PRI.
Founded in 2014 and headquartered in Geneva, DECALIA SA is a fast-growing independent
investment management company, managing private and institutional assets. As of December 2021, it has $5 billion (4.9 bn CHF) AUM and 60+ employees, focusing on three activities: Wealth Management, Asset Management and Private Markets. DECALIA has expanded rapidly, thanks to its active-management experience built up over the last 30 years by its founders. The firm’s investment philosophy is based on several fundamental principles: stringent risk management, capital preservation, an active management style and selection of the best talent. They focus on developing investment solutions in four key investment themes: long-term trends, quest for yield, disintermediation of banking sector, inefficiencies in Europe. DECALIA are signatories of PRI and included in Article 8 of SFDR.
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Klaus Ingemann, co-CIO, joined AB in 2014 as Portfolio Manager and Senior Research Analyst and was promoted to Co-Chief Investment Officer of Global Core Equity in 2018. He previously served as an executive member of the investment board at CPH Capital, which he co-founded in 2011. Prior to that, Klaus was chief portfolio manager and a member of the investment board at BankInvest. He previously worked as a corporate finance advisor for Carnegie Bank and before that, spent four years in the finance department at Tele Danmark. He holds a BSc in business administration and an MSc in finance and accounting from the Copenhagen Business School and is a CFA charterholder.
AllianceBernstein (AB) worldwide has $779 billion AUM, 51 locations and 4,050 employees, including 352 investment professionals. The Copenhagen office has AUM of $21 billion. AB Copenhagen, was founded in 2014, when CPH Capital (founded 2010), was acquired by AB. The Copenhagen-based investment team manages its investments autonomously but gains access to AB’s broad global reach. AB Copenhagen manages global equity portfolios for both retail and institutional clients from around the world.
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Hubert Goyé founded Graphene Investments in 2016. He used to manage flagship funds at BNP Paribas Asset Management and was head of the international equity management division (since 1996). From 1990 – 1996, Hubert worked as head of index management and as specialist on quantitative techniques and development of a selection model for American stocks. He received his degree from the Ecole Nationale des Ponts & Chaussées.
Graphene Investments is a boutique investment house founded in 2016 by Hubert, who spent
almost twenty years at BNP Paribas Asset Management, heading the International Equity team and personally managing its two flagship strategies. The firm is specialized in managing US and Japanese equities and aims to be the “neighborhood” portfolio manager of European investors who understand the benefits of these overseas investments. They offer active strategies driven by stock-picking. Investment ideas are pre-selected though an extensively researched quantitative screening and then studied in detail. Robust rules and systems guarantee investment discipline throughout the process. The US strategy (US Essential Growth) is an active bottom-up approach whose objective is to beat the S&P 500 index (with net dividends reinvested). Securities are selected from a universe, of 500 – 600 large, liquid, well-covered stocks. Continue reading →
Trillium Asset Management is an impact driven, ESG focused investment firm with over $5.6 billion in assets under advisement as of 12/31/21. The firm delivers equity, fixed income, and alternative investments to institutions, intermediaries, high net worth individuals, and other charitable and non-profit organizations with the goal to provide positive impact, long-term value, and ‘social dividends’. With the aim of aligning stakeholders’ values and objectives, Trillium combines impactful investment solutions with active ownership. Headquartered in Boston, the firm opened its Edinburgh office in 2021 to manage a suite of global ESG-focused equities strategies. Continue reading →
Artemis was established in 1997 by a team that had worked together at Ivory & Sime,
Edinburgh. Artemis is an independent firm dedicated to asset management with AUM of £27
($37.45) billion. The firm has offices in Edinburgh and London; and sales offices in Munich
In April 2021, Artemis launched the Positive Future Fund to invest in firms with the capacity
to effect positive change. The fund is managed by Craig Bonthron, Neil Goddin, Jonathan Parsons and Ryan Smith, who joined the business from Aegon Asset Management (formerly Kames Capital) in November 2020, where they managed the Aegon Global Sustainable Equity fund. The fund’s benchmark is the MSCI AC World and its active share is >99%.
What’s it like being Edinburgh-based, rather than London-based?
Edinburgh remains a vibrant place to be in the investment management business. In terms of
corporate access, we get better access in Edinburgh than we would if we were in London.
We compete for access with fewer institutions so get access to top management regularly.
Obviously, since Covid we do most things on-line so it in that sense it doesn’t matter where
we are located. Continue reading →
The latest estimates of the ownership breakdown of US equities are out and two points spring to mind. Firstly, that households represent the largest segment; and secondly, that foreign investors represent the largest institutional segment.
Independent Franchise Partners, LLP was established in 2009 to offer the Franchise investment approach to institutional investors. The approach is based on the understanding that a concentrated portfolio of exceptionally high-quality companies, whose primary competitive advantage is supported by a dominant intangible asset, will earn attractive long-term returns with less than average volatility. This is particularly true when those investments are selected with an absolute value bias. Franchise Partners has AUM of $18.5 billion.
Hassan Elmasry, CFA Managing Partner, Lead Investor • 37 years’ experience • 19 years managing Franchise portfolios • Morgan Stanley, 1995-2009 • Previously at Mitchell Hutchins Asset Management and First Chicago Corporation • A.B. Economics; MBA, Finance, both from University of Chicago • Former co-chair and board member, Human Rights Watch.
Since we last interviewed you in July 2009, AUM have risen from $250 million to $18.5 billion. Congratulations! How much larger will AUM grow?
We aim to grow our client base a little from here but not too much. Our priority has always been to protect our ability to generate attractive returns for our existing clients. Experience shows that larger size is the enemy of investment returns. We have always tried to manage asset growth very conservatively, even back when we were at Morgan Stanley. So, we have a couple of billion dollars of available capacity for new clients but no plans to dramatically increase assets.
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