Exane's asset management business is built around two asset management companies, Exane Asset Management and Ellipsis AM whose areas of expertise extend Exane's business lines. They are based respectively on the equity and fixed-income universes.
EQUITY EXPERTISE AT THE HEART OF EXANE ASSET MANAGEMENT'S Strategy
Founded in 2001, Exane Asset Management is a portfolio management company specialising in stock-picking within the European equity investment universe.
Our management team stands out for its strong expertise and the distinct personalities of its portfolio managers. The constant improvement of our investment process and our stringent risk management contribute to the resilience of the alpha generated by our experts.
A pioneer in absolute return in Europe, Exane asset management hallmark expertise has been developed over the years along two key directions: absolute return mainly through collective funds and European equities with a recognised presence in long-only investing.
Our specialist knowhow is deployed through a focused range of products designed to respond to the needs of our diversified European client base, mainly composed of institutional investors, multi-managers and private banks.
For further information please see the Exane Asset Management website: www.exane-am.com.
Our brochure is also available here.
Pierre Séquier, CEO of Exane asset management
Charles-Henri Nême, Deputy CEO and Co-Chief Investment Officer of Exane Asset Management, Manager of the Exane Ceres Fund
An asset management team and sector experts
Ellipsis AM is one of the asset management companies of Exane. With 18 years of management experience, Ellipsis AM is a recognised convertible bond manager and has developed specialised funds for credit, volatility and listed derivatives. The company also offers dedicated management services, such as optional overlay mandates for portfolio hedging.
With 25 employees, including 8 analyst managers, and more than €2.8 billion in assets under management (at the end of June 2021), Ellipsis AM is a prominent actor in bond management and a benchmark manager for convertibles. Gildas Hita de Nercy has been Chairman of Ellipsis AM's Management Board since 2012, after 20 years as Director of Research at Exane Derivatives.
Ellipsis AM focuses its expertise on value-added asset classes through two specialised management divisions. The Convertibles & Credit division houses our historical and confirmed management expertise with a recognised track record : convertible management, our core expertise since 2003, and corporate and high yield credit management since 2012. It mainly offers active management of convictions, based on demanding discretionary selection processes. It favors a rigorous bottom-up approach to fundamental, financial and ESG analysis.
The Overlay & Customised Portfolio Solutions division specialises in portfolio allocation and risk adjustment strategies, with proven expertise in equity overlay since 2008. Specialised in listed derivatives, the team develops these strategies through options. It favors a top-down approach with primarily quantitative processes, enhanced by a discretionary approach. The team develops tailor-made management solutions as an answer to the requirements of investors, primarily institutionals.
Our main funds are registered in France, Switzerland, Italy, Luxembourg and Spain. Our offer meets the various needs of investor profiles, primarily institutional investors, private managers, multi-management and family offices. It is marketed directly and through intermediaries in Europe, including our subsidiary in Switzerland since 2019. We also offer specific funds and management mandates adapted to our clients' investment objectives and constraints.
Our investment policies integrate an ESG approach based on issuer exclusion policies. These policies apply normative exclusion and focus on sensitive sectors related to the fight against climate change and the defense of human rights. Integrating ESG criteria into analysis and stock-picking is primarily used for convertibles portfolios that are actively managed.
For more information, visit our website: www.ellipsis-am.com.
Gildas Hita de Nercy, Chairman of the board, Ellipsis AM
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