RESPONSIBILITIES
Fund managers aim to achieve a capital gain over time - within strictly observed risk limitations - on a portfolio of assets. Their objective at Exane asset management is to deliver a consistent absolute performance with a long/short strategy. This involves buying listed stocks (long) and taking sell positions on other stocks (short). Investment decisions are based on regular company visits and comprehensive financial research. At Ellipsis AM, each manager is specialised in an asset class (convertible bonds, corporate credit, diversified fund management) with its own risk profile. With its "research-driven" investment strategy, Ellipsis AM's portfolios fully reflect its convictions, within the framework of active and tactical risk allocation.