Performance and Risk Review - February 2014 - amLeague Competition Universe

6 MONTHS RANKINGS

Performance Indicator	Asset management Co.	Manager	Result
Performance	Invesco AM	J. Taylor & M. Perowne	23.71%
Volatility	TOBAM	Team managed	7.64
Tracking Error	CM-CIC AM	C. Besson	1.58
Sharpe Ratio	Swiss Life Asset Managers	P. Guillemin & D. Corbet	4.16
Information Ratio	Invesco AM	J. Taylor & M. Perowne	4.41
Black-Treynor Ratio	TOBAM	Team managed	18.99%
Max Drawdown	TOBAM	Team managed	-4.12%
	EUROSTOXX N.R. PERFORMANCE		17.17%
	AVERAGE MANDATE PERFORMANCE		14.89%

Performance Indicator	Asset management Co.	Manager	Result
Performance	BNP Paribas IP	THEAM	20.81%
Volatility	Swiss Life Asset Managers	J. Corcos	6.86
Tracking Error	Vivienne Investissement	Team managed	1.02
Sharpe Ratio	Invesco AM	M. Kolrep & M. Von Ditfurth	4.85
Information Ratio	BNP Paribas IP	THEAM	4.58
Black-Treynor Ratio	Invesco AM	M. Kolrep & M. Von Ditfurth	17.98%
Max Drawdown	Swiss Life Asset Managers	J. Corcos	-3.43%
	STOXX 600 N.R. PERFORMANCE		14.49%
	AVERAGE MANDATE PERFORMANCE		13.18%

Performance Indicator	Asset management Co.	Manager	Result
Performance	AllianzGI High Alpha Strategy	L. Macdonald & Team	12.76%
Volatility	BNP Paribas IP	THEAM	7.04
Tracking Error	AllianzGI Best Styles Global Strategy	Team managed	1.46
Sharpe Ratio	AllianzGI Best Styles Global strategy	Team managed	2.85
Information Ratio	AllianzGI Best Styles Global strategy	Team managed	3.50
Black-Treynor Ratio	Ed. de Rothschild AM	T. Gerhardt & L. Vauthier	6.18%
Max Drawdown	TOBAM	Team managed	-3.97%
	STOXX 1800 N.R. PERFORMANCE		9.52%
	AVERAGE MANDATE PERFORMANCE		9.23%

Performance Indicator	Asset management Co.	Manager	Result
Performance	CCR AM	F. Foy, R. Lahoste & E. Regnier	8.99%
Volatility	Swiss Life Asset Managers	P. Guillemin	4.43
Sharpe Ratio	La Francaise AM	A. Garcia & J. Konop	2.54
Max Drawdown	Swiss Life Asset Managers	P. Guillemin	-2.05%
	AVERAGE MANDATE PERFORMANCE		5.73%

Performance Indicator	Asset management Co.	Manager	Result
Performance	TOBAM	Team Managed	6.73%
Max Drawdown	TOBAM	Team managed	-3.08%
ESG	Allianz GI	C. Clet-Messadi & C. Garrigues	74/100
Environment	Allianz GI	C. Clet-Messadi & C. Garrigues	74/100
Social	ECOFI Investissements	T. Boisseau	75/100
Governance	Petercam	Team managed by Lieven Op De Beeck, Didier Van De Veire & Guy Lerminiaux	73/100
	EUROSTOXX N.R. PERFORMANCE		3.26%
	AVERAGE MANDATE PERFORMANCE		3.40%
*SRI Europe Equities mandate rankings are Since Inception