At Aberdeen, asset management is all that we can do
We have no ties to other financial institutions, allowing us to focus on our clients' interests. We now manage third party assets from our offices around the world. Our clients access our investment expertise across the three asset classes: equities, fixed income and property. We package our skills in the form of segregated and pooled products across the borders. We invest worldwide and follow a predominantly long-only approach, based on fundamentally sound investments - we do not chase market fads. Aberdeens investment teams are based in the markets or regions in which they invest. Clients understand our process and portfolios because they are transparent.

Barclays Capital is the investment banking division of Barclays Bank PLC which has an AA long-term credit rating and a balance sheet of over US$1.9 trillion. Barclays Capital provides large corporate, government and institutional clients with solutions to their financing and risk management needs including:

Bonds Commodities Credit products Equity derivatives Inflation-linked products Interest rate products Foreign Exchange Leveraged Finance Loans Emerging Markets Prime Services Private Equity Securitisation

Barclays Capital has offices in 26 countries, employs over 13,200 people and has the global reach and distribution power to meet the needs of issuers and investors worldwide.

Aliénor Capital is an independant fund management company, approved by the AMF. Its team of financial professionals focus on the management of capital in two ways: fund management on the one hand and management under mandate on the other. Its free and active management style aims at an absolute performance over time and in all market circumstances.

Dexia Asset Management, the asset management division of the Dexia group, is specialised in financial analysis, fund management and institutional and private mandates. It manages european assets through a complete range of investment instruments: traditional, alternative, structured and socially responsible management. Dexia Asset Managements management centers are based in Brussels, Luxembourg, Paris and Sydney. Its sales teams are located throughout continental Europe, in the Middle East and in Canada. The investment process implemented consists of a rigorous approach to portfolio structuring; the goal is to achieve steady and lasting performance.

Fidelity International was founded with a simple goal: to achieve outstanding investment returns for our clients.
Nearly 40 years on, this approach has yielded impressive results. Fidelity now has a presence in all major financial centres in the world and a range of funds covering all regions, industrial sectors and asset classes.

With 415 fund managers and research professionals, we believe our research resources are unrivalled within the industry. These investment professionals carry out in-depth analysis to uncover the best opportunities, following our proven bottom-up stockpicking approach.

This level of commitment has led to Fidelity receiving some of the highest industry accolades and awards year after year, recognising our investment performance and research. For our customers this means solid investments based on thorough research, and the reassurance of investing with one of the world's leading investment houses.
Fidelity's Investment Philosophy

Our success is based on our thorough and methodical research of individual companies. We believe that ultimately the most reliable information is the information we gather ourselves.

This is why Fidelity places a particular emphasis on resources. Our global network of portfolio managers and analysts is one of the largest and most respected in the industry, giving Fidelity a leading edge right from the very start of the investment process.

Based on our unique insight, we then pick every single company on its own particular merits to build our portfolios stock by stock. We call this process “bottom-up stockpicking”. As our record shows, it has served our clients well.

J.P. Morgan Asset Management is part of the asset and wealth management business of JPMorgan Chase &Co. It is one of the largest active investment managers in the world and the largest mutual fund firm in Europe. A sign of its consistent investment performance and the longstanding trust that clients have come to place in it. J.P. Morgan Asset Management offers expertise in a broad range of asset classes, including equities, fixed income, liquidity, managed currency and hedge funds and invests across all major markets including emerging markets. With that expertise and with the help of over 6,500 employees worldwide, J.P. Morgan Asset Management aims to offer its clients the widest range of investment solutions to help them meet their investment objectives.

Franklin Templeton Investments is a worldwide asset management group constituted of several investment managers: Franklin, Templeton and Mutual Series. By sharing their knowledge of the financial markets, these companies have facilitated the development of independent management teams using different investment styles that complement each other.
Listed on the New York and San Francisco Stock Exchanges through its holding company Franklin Resources Inc (Symbol: BEN), the group today employs close to 8300 employees in 75 offices worldwide.

UBS Global Asset Management is one of the world’s leading asset managers, providing traditional and alternative investment management solutions to private clients, financial intermediaries and institutional investors worldwide. 
The company offers over 400 investment funds, exchange traded funds and other investment vehicles, across all asset types in country, regional and industry sectors, which are distributed principally through financial intermediaries. It has a diverse institutional client base located throughout the world, including corporate and public pension plans, endowments and private foundations, insurance companies, governments and central banks, and Supranationals. 
UBS Global Asset Management employs some 2,800 employees, of which 750 are investment professionals (traditional investments, alternative and quantitative investments and real estate), located in 20 countries. Main offices are in Chicago, London, New York, Tokyo and Zurich. As of 30 September 2005, it is the largest fund house in Europe  and the largest mutual fund manager in Switzerland. It is a business group of UBS, one of the world's leading financial firms, which also includes the world's largest wealth manager, a premier investment bank and securities firm.

Gartmore adopts a team-based approach to investment management. The heart of Gartmore philosophy lies in the discovery of the unexpected; the ability of a company to generate earnings that will exceed or be sustained beyond market expectations. Share prices usually reflect what the market expects. Gartmore aims to seek out companies where we believe the market has underestimated the prospects for earnings. Just as importantly, Gartmore aims to avoid those where future earnings are likely to disappoint. The main differentiating feature of Gartmore's research process is Gartmore's unique approach to identifying and quantifying unexpected earnings. At the heart of this approach is a comprehensive assessment of industry and franchise dynamics. Risk management is an integral part of the Gartmore's equity investment process and aims to provide better returns per unit of risk. Gartmore manages risk on four levels – stock, sector, country and portfolio.

The management of equities, convertible bonds and balanced funds is entrusted to Edmond de Rothschild Asset Management. With its focus on securities analysis and stock picking, Edmond de Rothschild Asset Management can rely on a unique blend of know-how developed in more than three decades of asset management. Its results demonstrate a formidable capacity to deliver sustained performance. This long track-record of success is also intimately associated with a systematic strategy of innovation, both in its asset management techniques and in its regional approach. Our fund managers, who are organised into autonomous teams, focus on fundamental corporate analysis. This management by conviction is fed by excellent knowledge of the business lines of every company and how they function in terms of their business models and managerial organisation. Each team’s management procedures are formalised in a clear and sustained investment process. Over the past four years, the average increase in assets in equities, convertibles and balanced funds under management has been 33% per annum. Managed assets in equity products account for 80% of the assets at Edmond de Rothschild Asset Management. Although European equities are historically dominant, Edmond de Rothschild Asset Management is also a trailblazer in new fields of growth such as India, China and even Brazil, with the newest fund in the range, Saint-Honoré Brésil. The portion represented by international equities outside Europe is now approaching a quarter of the total assets in equities. Edmond de Rothschild Asset Management also intends to strengthen its thematic fund range and build long-short and 130/30 type equity funds.

Founded in 1929, Robeco is both the oldest fund manager in Continental Europe, and the inventor of the SICAV concept. Today, it is one of Europe's leaders in asset management. Thanks to the quality of its management methods and its rigorous and disciplined investment process, the long-term performance of funds managed by Robeco has an excellent track record. Robeco is now a wholly-owned subsidiary of Rabobank, one of the most solid financial groups in the world.

The Société Générale Group is today the 5th banking group of the euro zone. Its department "Equities and Indexes Derivatives" (DEAI) holds 1220 people present on all the major stock exchanges. World leader on the market of the structured products, DEAI was awarded "Equity Derivatives House of the Year" by The Banker (2003 and 2004), Risk Magazine (2001 and 2002) and IFR  (2001) in particular for its capacity of innovation. Private Estate Life chose DEAI, which is renowned for its expertise and its capacity of innovation recognized by the industry, as privileged supplier of structured products.

Invesco is a leading independent global investment management company, dedicated to helping people worldwide build their financial security. By delivering the combined power of our distinctive worldwide investment management capabilities, Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high net worth clients around the world. Operating in 20 countries under the names Invesco Aim, AIM Trimark, Atlantic Trust, Invesco, Invesco Perpetual, Invesco PowerShares and WL Ross & Co, the company employs 5400 employees and is listed on the New York Stock Exchange (NYSE) under the symbol IVZ.

Fortis Investments is a multi-centre, multi-product global asset management company. As a result of the integration of the asset management activities of ABN AMRO Asset Management, Fortis Investments has assets under management with over 50% of its revenues generated from third-party clients. With dominance and strength in Europe, a substantial position in Asia and an enlarged footprint in the Americas, the company has a true global presence, with sales offices and some 40 dedicated investment centres located around the world. Fortis Investments offers international investment solutions while meeting the requirements of local investors, both institutional and wholesale retail. Employees in the combined entity number over 2000, of whom around 600 are dedicated investment professionals. Activities range from institutional portfolio management to the development and management of mutual funds, such as the Fortis L Fund, which has some 160 sub-funds. Fortis Investments is a client-driven organisation that uses a disciplined investment process to satisfy its clients’ varied needs.

Founded in 1989 by Edouard Carmignac, a stockbroker since 1984, Carmignac Gestion has become one of the leading independent management companies in France. Its capital is entirely owned by its management and employees, thus ensuring its durability by a stable shareholdership, reflecting its independance.
It offers a large number of specialised or profiled global funds.
The company has been operating a wealth management subsidiary in Luxembourg since January 1999 which is responsible for the company’s European development (ex France).

Since it was founded in 1988, BlackRock® has become a premier provider of global investment management and one of the largest asset management companies with clients in more than 60 countries. After a series of successful mergers and acquisitions, BlackRock is now able to propose a broad range of investment solutions across equity, fixed income, cash management and other alternative investment strategies. With more than 50 offices, 5.500 employees and over 700 investment professionals around the world, BlackRock can benefit from its global infrastructure and local expertise to provide clients with high-level asset management, investment solutions and risk management tools.

Petercam was founded in 1968, after a merger of Peterbroeck and Van Campenhout, and has established its reputation as an independent advisor. It is owned in partnership by 17 shareholders.
Petercam’s headquarter is located in the center of Brussels and has offices in New York, Amsterdam, Luxembourg, Genève and Paris.
The group employs more than 400 motivated people that aim to provide the best client service through professional and personalized advice. Petercam’s core activities are institutional sales and trading, corporate finance and private and institutional asset management. PAM focuses on European stocks (in its widest range and with a thematic approach), worldwide bonds, listed European property and private equity projects.

Danske Capital, the asset manager of Danske Fund, is one of the largest international asset manager with offices in Denmark, Sweden, Norway, Finland and Luxembourg. Danske Capital has an attractive track record: in June 2004, Morningstar has attributed it the second place in Europe for bond funds.
Danske Capital, part of the Danske Bank, stands for:
- about 232 employees
- experts in analysis and investment advice with years of international experience
- a team of specialists that follows up the markets very closely and continually negociates for the best in the markets
- state-of-the-art system support - ensuring decision-making based upon in-depth research of data from all over the world
- investment politics based upon long term strategies for specific markets, activities and clients.

CapitalatWork is a leading European asset management firm, managing assets for institutional and private clients worldwide. Founded in 1990, CapitalatWork has 8 offices throughout Europe. The CapitalatWork objective is to protect and increase our client's wealth through above average investment returns and below average risk. They think this ambitious goal can be achieved with a simple and straightforward investment strategy: the ownership of high quality but undervalued assets. For several years, CapitalatWork has delivered outstanding results in various assets classes. CapitalatWork has won several Micropal and Morningstar awards. This excellent track record is the result of CapitalatWork’s value-oriented investment philosophy, based on rigorous analysis of the enterprise value and the free cash flow generation of each company.

Amundi ranks highly in Europe and among the top global players in asset management in AUM.
Located at the heart of the main investment regions in more than 30 countries, Amundi offers a comprehensive range of products covering all asset classes and major currencies.
Amundi develops savings solutions to meet the needs of more than 100 million retail customers worldwide and designs innovative, high-performing products for institutional clients which are tailored specifically to their requirements and risk profile.
Benefiting from the support of two powerful banking groups, Crédit Agricole and Société Générale, Amundi aims to establish itself as the undisputed leader in asset management in Europe, recognized for:

The quality of its products, their financial performance and transparency

Its close relations with customers, partner networks and institutions

The efficiency of its organisation, resulting from the individual and collective talents of its teams

A commitment to integrate sustainability and social purpose criteria into its investment policies, going beyond financial criteria alone.

DNCA Finance, founded in 2000 by finance professionals, is an independent management company that has received accreditation from the AMF, the French Financial Authority. It has attracted experienced and well-known managers.
Since April 2007, DNCA FINANCE is owned by the Gruppo Banca Leonardo. The participation of this Italian group allows managers to operate in complete objectivity, according to their beliefs and acting only in the customers’ best interests. DNCA Finance’s management philosophy is based upon “stock-picking,” a non-index management strategy relying on a meticulous, structured investment process, whose primary goal is to optimise the risk/return ratio. Only a free and active management strategy able to break away from the indices can achieve top-level performance over the long term while reducing the risks associated with market volatility.

Financière de l’Echiquier is an independant Asset Management company specialised in European securities. She was created in 1991 and is entirely owned by its management and employees. Its goal is to systematically favour the best compromise between risk and return for a regular valorization and stability of the capitals. The 14 fund managers and 5 analysts therefore use a strict management method consisting of 4 phases, starting by an exhaustive and permanent revision of the value. Furthermore it gives primary importance to the quality of the executive team, which it analyses thoroughly, leading to more than 1000 visits per annum by Financières de l’Echiquiers teams. This extended financial analysis that is held exclusively internally leads to the fixing of very sharp bid and sales prices. Financière de l’Echiquiers manages to achieve stable performance figures without excessive risk taking.

Richelieu Finance Gestion Privée is a management company founded in 1985 by stockbroker Gérard Augustin-Normand. Richelieu Finance is characterised by one primary activity: third-party asset management. Its “cardinal management,” executed in complete independence, is an active management strategy at the opposite end of the spectrum from index management.  It is based on analysing a company's fundamentals, without restrictions on sector or capitalisation size, and meticulously selecting stocks that are undervalued by the market.

Nordea is the leading financial services group in the Nordic and Baltic region, and is one of the 20 largest European banks in terms of market capitalisation. Nordea Investment Funds S.A. is the European distributor of Nordea Group’s funds and the manager of its Value Fund line, the winner of several awards. The Group promotes a carefully selected range of funds across Europe through a highly active network of intermediaries including banks, investment managers, independent financial advisors, and insurance companies. Its flagship product is Nordea 1 SICAV, comprising 32 sub-funds including value-based equity funds, thematic equity funds, bond funds and money market funds, all of which capitalise on Nordea’s expertise.

Lyxor AM was set up in 1998. This 100% subsidiary of Société Générale is an asset management company connected with the group's financing and investment bank. It specialises in 3 areas: Hedge Fund Management: The Lyxor range consists of funds, hedge funds of funds and absolute return funds managed according to high standards of risk management and based on a careful selection of hedge fund managers. Lyxor AM has built its reputation around its platform of hedge funds, which includes over 170 funds in the key strategies and offers a diversified range of investments and a high level of transparency, security and liquidity. Structured Management: Lyxor offers its clients investment solutions tailored to their risk profiles and return objectives. These solutions incorporate in this field the innovations of the Group, which is the world number 1 in structured products for shares and indices. Index Tracking: The range of Lyxor ETF trackers is now one of the widest and most liquid in Europe, making Lyxor AM a European leader. Lyxor AM’s trackers are listed on 8 stock exchanges in Europe and in Asia and offer exposure to the 3 asset classes: stocks, bonds and commodities.

Founded in 1805 in Geneva, Pictet & Cie is today one of Switzerland's largest private banks, and one of the premier independent asset management specialists in Europe.

The Bank is a partnership currently owned by eight general partners who have unlimited liability.

The Pictet Group is an asset management specialist focusing mainly on the following areas of expertise: private and institutional asset management, fund
administration and management, global custody and Family Office services.

The Rothschild name has appeared in financial history since the 18th century when Mayer Amschel Rothschild sent his five sons to establish themselves
throughout Europe (Paris,London, Francfurt, Vienna and Naples), that symbolise today the five arrows in the family emblem.
The Rothschild & Cie Banque Group, which was inherited from the Banque rue Laffitte (created in 1817 by James de Rothschild) was founded in 1982 by Eric and David de Rothschild. Rothschild & Cie Gestion is 100% owned by Rothschild & Cie Banque. Its sole activity is to manage assets for third parties.
It offers a range of funds invested in all types of assets (equity, bonds, alternatives,...) in all geographic zones.
Its aim is to meet the needs of the Institutional clients, Private Banks and Independant Financial Advisors, in terms of performance as well as in terms of service.

In April 2007, the Fitch Ratings agency attributed the rating "AM2-" to Rothschild & Cie Gestion for its collective and institutional management as well as multi management.
This rating stands for "an excellent level of quality in terms of security and risk management related to the activities of asset management".

Tocqueville Finance is an independent portfolio management company registered with the Autorité des Marchés Financiers (the French securities and exchange authority) in 1991 to develop a French and European client base, through a service of fund management, founded on the international competences of the group: Paris, New-York, Genève.

Today, Tocqueville Finance has 52 employees, manages assets for private and institutional clients, either directly or through mutual funds distributed by its partners such as wealth managers, Brokers, Banks and Insurance Companies.

In January 2003, Tocqueville Finance opened a subsidiary in Geneva, destined to promote its fund range to institutionals in Europe, in particular in Luxembourg and Switzerland. This company is fully owned by Tocqueville Finance Paris.

Its management philosophy: "Value" and "Contrarian".
Whether it is applied to the management of private or mutual funds, the philosophy remains the same: to preserve the capital that is entrusted to them. Managers look for reliable performance over as long a period as possible, whatever the market situation.

KEREN FINANCE is an independent fund management company that was created on 1 January 2001 by Raphaël Elmaleh and received accreditation from the AMF, the French Financial Authority, on 26 January 2001, operating under registration number GP 01-001. It carries out its asset management business via UCITS and management mandates for third parties. The “cornerstone” of its strategy is steady performance, searching for reduced volatility, which is obtained via non-benchmarked management, coupled with a rigorous selection of stocks.

Since March 2007, Degroof Fund Management Company (D.F.M.C.) has been the new name of the Belgian subsidiairy of the Bank Degroof, in charge of the UCITs management. Due to the reintegration of institutional portfolio management activities (except for UCITs) within Bank Degroof, this name better qualifies the activity of Belgian or foreign UCITs management which is the object of the company.

D.F.M.C. is specialised since several years in quantitative and behavioral management of equities. The investment process, which is based upon « value investing » and indexation, has through the years convincingly showed its efficiency, judging by the Rankings attributed to individual funds as well as to the global management. In 2006 Bank Degroof was awarded the « Best Private Bank » price by Euromoney magazine.

Leonardo Asset Management (Leonardo AM), was created on 29th August 2007 and has received accreditation by the CSSF ("Commission de Surveillance du Secteur Financier"). It is a wholly-owned subsidiary of DNCA FINANCE in Luxembourg, which has been created in its aim for a PanEuropean development.

Leonardo AM promotes a SICAV whose management is dedicated to DNCA FINANCE and Leonardo SGR (management company of Banca Leonardo Group in Italy, partner of DNCA FINANCE). Three of its compartments replicate the French FCPs created by DNCA FINANCE: Centifolia Europe, DNCA Evolutif and Eurose. And, besides these clones, the SICAV has a monetary and a bond compartment (managed by Leonardo SGR), a value compartment that is dedicated to the Italian market, and « Leonardo Infrastructure Fund Europe » (managed by DNCA FINANCE), a compartment dedicated to European infrastructures and utilities.

As one of the world’s leading banks, Credit Suisse provides its clients with private banking, investment banking and asset management services worldwide. The Asset Management business offers products across the full spectrum of investment classes, ranging from equities, fixed income and multiple-asset class products to alternative investments such as real estate, hedge funds, private equity and volatility management. Credit Suisse’s Asset Management business manages portfolios, mutual funds, and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 23 countries, Credit Suisse’s Asset Management business is operated as a globally integrated network to deliver the bank’s best investment ideas and capabilities to clients around the world.

Degroof Gestion Institutionnelle – Luxembourg (DGI) is the UCITS III management company of Degroof Group in Luxembourg. Degroof Gestion Institutionnelle – Luxembourg (DGI), a subsidiary of the Degroof Group, has received its agreement from the Commission de Surveillance du Secteur Financier, on 20th December 2004, as UCITS III management company.

DGI orchestrates the bringing into compliance of the Luxembourg UNIT TRUSTs of the Degroof Group and of third-party promoters by taking over management, administration and distribution responsibilities.

Their management activities focus on short and long rates management as well as on Third Party Fund selection. notably emerging and alternative funds. DGI is the expertise centre of the Bank Degroof Luxembourg in terms of institutional management.

In the field of Third Party Funds selection, DGI gives to its customers innovative solutions through the management of fund of funds, multi-managers funds or managed accounts. This flexible approach allows it to meet the needs of its various institutional customers.

Thanks to a base of institutional customers across Europe, DGI offers its asset management services to insurance companies, pension funds, companies and others institutional investors, through discretionary mandates or investment vehicles.

Insight Investment Management (Global) Limited (‘Insight’) is an industry-leading UK-based asset management company. It is a private limited company and a wholly owned subsidiary of the HBOS Group, one of the largest banking groups in Europe.

Our parentage brings the benefits of strategic strength and stability, whilst at the same time we also function autonomously. This ensures a clear focus on understanding the marketplace and providing solutions that help us to achieve our clients’ objectives.

The origin of the Insight brand lies within Clerical Medical, one of the UK’s oldest investment managers having been founded in 1824, that was re-branded Insight Investment Management Limited in 2002. In January 2003 Insight proceeded to announce its acquisition of Rothschild Asset Management who had been managing money since 1804. Since this time, Insight has appointed a new executive body and restructured its investment platform to be able to provide clients with a new and broader range of investment solutions. We are one of the largest UK-based fund managers with €152.9 billion of assets under management as at 30 September 2007. We manage money for private investors, pension funds, insurance groups and other institutions, as well as providing the investment expertise.

Primonial FundQuest is fully dedicated to increase private investors' wealth through a flexible multi-management strategy.
With its flexible and disciplined investment style, the company’s primary aim is to preserve the capital of its clients across different market environments.

Convictions, Flexibility and Risk Management are the three pillars of our asset management philosophy.

Convictions: our quantitative analysis of funds, along with our qualitative assessment of the value added and the risk taken by the fund managers, gives us a high level of confidence to select the right funds in each market environment.

Flexibility: The portfolio is built following a flexible allocation between funds through a rigorous analysis of market attractiveness.

Risk Control: the risks of each fund are assessed using a risk management tool which analyses the funds behaviors in points of market stress.

Within the range of funds offered by the prestigious JP Morgan AM, Primonial FundQuest selects the best funds in each market environment in order to manage three portfolios according to their respective risk profiles: Primonial Stratégie Harmonie (cautious), Primonial Stratégie Vivacité (balanced), and Primonial Stratégie Audace (dynamic).

Merit Capital is a recognized Belgian stockbroker, founded in 2000 by 4 private individuals as an alternative to the big financial institutions. In the meantime, Merit Capital has become one of the best known and specialized asset management companies. Private and corporate investors rely on us for independent asset management and investment advice. Merit Capital cooperates closely with leading depository banks and insurance companies to offer you access to all shares, bonds, structured products, asset allocation funds and derivatives. Our offices analyze the financial markets and compare all available products. This is done in a totally independent manner, thus creating a portfolio which is tailored to your specific needs and objectives. Our full independence is guaranteed as we do not enter into commercial or business relationships with companies in which we invest for our clients; nor do we act for our own account. Our enthusiastic and dynamic team, combined with a flexible and non-hierarchical company structure guarantees quick decision-making and a creative approach which is tailored to your needs.

Convictions Asset Management is an asset management company regulated by the french AMF. It was found by Philippe Delienne, former CEO of CPR bank and co-founder of the asset management company « La Française des Placements ».

Oddo Asset Management is a first-class independent asset manager in France and in Europe.
Oddo Asset Management provides private and institutional clients with conviction-driven investment strategies covering major asset classes open funds and dedicated mandates. Investments are subject to rigorous and permanent risk controls at every level.

Main commitments to its clients are:
- Performance, embedding long-term value creation at the heart of our investment processes,
- Transparency, across a simple and focused fund range within a strong risk management framework,
- Innovation is at the heart of our development. New investment strategies are launched each year to seize market opportunities or meet the needs of our clients and partners.

Oddo AM is a part of the Oddo Group, a family-owned, independent French financial group. Oddo & Cie is active in investment banking and asset management and is recognised as an expert on European markets.

DORVAL Finance: Conviction-based asset management
Dorval Finance is an independent asset management company approved by the AMF in 1993. It is managed by Louis Bert, Chairman, and Stéphane Furet, Managing Director, each of whom has more than 20 years of experience in the financial markets.
This independence allows for active asset management based exclusively on seeking performance in the long term: in other words, non-benchmarked asset management.
Since the end of 2004, Dorval Finance has developed collective asset management activities and created a range of wealth management products (Dorval Convictions, Dorval Flexible Emergents, Dorval Flexible Monde and Dorval Manageurs).
With its expertise in the equity markets, the company thus has chosen to develop a flexible asset management style that is simple and comprehensible to all investors and that aims to respond to volatility and uncertainty in the market. This total flexibility, ranging from 0% to 100%, is based on a fundamental approach to the markets combining macroeconomic analysis of the environment and in-depth financial analysis of European companies offering the best risk/return ratio. Internationally, selection is based on a strict process of selecting UCITS and/or ETFs.

Founded in 1990, Exane group has established a reputation throughout Europe for its first-class financial research and analysis, delivered through its three principal business lines: cash equities, equity derivatives and asset management. Based in Paris, Exane AM is a portfolio management company regulated by the AMF. Its particular area of expertise is the management of Long/Short equity funds. Exane AM’s funds feature among the best-performing European funds for risk/return ratios thanks to Exane’s fundamental stock-picking approach, a culture of absolute performance and the proven efficiency of its risk control procedures.