Responsible investment processes

Assuming responsibility for a prudential choice
One of our main priorities is to be a responsible investor working towards the financial success of our clients. We have deliberately opted for a prudential approach which goes hand in hand with a steady, long-term risk-return ratio. This choice determines our investment selection, based on objectives such as reliability, regularity of long-term performance.

To ensure this financial security, our managers have developed a specific investment process by asset class. Our investment philosophy draws constantly on the management and control of risk at each of the stages prior to the creation of a portfolio.

Apportioning and managing risks upstream
Our managers create their portfolios based on a macro economic scenario which has risk management as its underlying theme.
Our finance engineers and managers work together to study the various combinations of risk budgets to find the best risk-return tradeoffs when structuring our portfolios.

For our business on fixed-income markets, our approach is based first of all on the analysis of the economic context through the development of key indicators that enable us to identify market risks and opportunities. Our decision-making process is structured around the in-depth knowledge and careful analysis of our counterparties.

On the equities segments, we use the quantitative methodology to carry out an active management strategy based on such systematic strategies as Minimum Variance. This results in the creation of portfolios based on an optimised result objective (value, growth, etc.) according to constraints such as relative risks by sector or style allocation.

As part of our diversified fund offering or management under mandate, we bring together all our management and consulting skills around our asset allocation expertise.

Controlling risk downstream
Risk control enables us to carry out an a posteriori assessment after the portfolio has been implemented. As part of a performance analysis approach, the challenge consists in checking whether the risk incurred complies with the boundaries defined upstream as well as the investment process defined beforehand.

Sure bets
Our responsibility as Asset Managers is also in the choice of tool, more particularly, information systems, the performance and continuity of which guarantee the reliability of our data and enable us to integrate financial instruments and complex mathematical tools.