With over €4 billion in assets under management, OFI AM offers a broad range of multi-management products and services encompassing all existing multi-management classifications, strategies, styles and techniques.
OFI AM favours a qualitative approach relying on solid relationships with external managers designed to maintain the consistently superior performance of its portfolio allocations.
Investment Philosophy
Our procedure for selecting managers gives preference to those with a well-defined and consistent style. Our approach is highly qualitative, with the analysis and monitoring of the managers selected based on a detailed study of the underlying portfolios.
However, each sub-fund or portfolio is built in a quantitative manner, taking into account the statistical characteristics of each of the funds selected ("manager's fund combination").
These portfolios are optimised on an ongoing basis, with reference to a complementary tactical allocation.
Management Report:
Results for 2006 were good, in terms of both investment performance and asset growth.
The funds of funds invested in European equities posted the strongest financial gains, particularly OFI Single Select SRI (+38.26%) and OFI Multi Select Europe SRI(+29.34%), respectively ranked first and second in their categories.
Palmarès Actions Europe for its part recorded a performance of 20.5% (+2.8% above its benchmark), thus maintaining its results in the top decile over a long period.
The alternative funds of funds have for their part been recording results in excess of targets, for instance, Oval Palmarès Europlus (Eonia +0.65%, compared to Eonia +0.50%), Oval Alpha Palmarès (+5.8% compared to a target of +5%) and Oval Alpha Ace (11.5% at an annual rate), thus confirming the relevance of our alpha generation business model.
The absolute performance fund of funds is in line with targets, whilst our fixed-income investments have clearly outpaced the EuroMTS Global Index (1.24% compared to –0.20% for the index). The results are more mixed in our alternative management funds, which is quite logical given their specificity and the heterogeneous nature of the selected management styles.
Growth in assets under management across all asset classes confirms our impression that institutional investors are increasingly seeing multi-management as an attractive solution.
Alternative multi-management
Absolute performance multi-management
Diversified multi-management
Manager selection