Performance and Risk Review - January 2014 - amLeague Competition Universe

6 MONTHS RANKINGS

Performance Indicator	Asset management Co.	Manager	Result
Performance	Invesco AM	J. Taylor & M. Perowne	17.14%
Volatility	BNP Paribas IP	THEAM	8.09
Tracking Error	CM-CIC AM	C. Besson	1.59
Sharpe Ratio	TOBAM	Team managed	2.74
Information Ratio	Invesco AM	J. Taylor & M. Perowne	4.02
Black-Treynor Ratio	TOBAM	Team managed	18.23%
Max Drawdown	Invesco AM	J. Taylor & M. Perowne	-5.21%
	EUROSTOXX N.R. PERFORMANCE		10.58%
	AVERAGE MANDATE PERFORMANCE		8.70%

Performance Indicator	Asset management Co.	Manager	Result
Performance	AllianceBernstein	Europe Strategic Value Team	12.41%
Volatility	Swiss Life Asset Managers	J. Corcos	6.85
Tracking Error	Vivienne Investissement	Team managed	1.09
Sharpe Ratio	TOBAM	Team managed	2.85
Information Ratio	AllianceBernstein	Europe Strategic Value Team	2.86
Black-Treynor Ratio	TOBAM	Team managed	17.24%
Max Drawdown	Swiss Life Asset Managers	J. Corcos	-2.62%
	STOXX 600 N.R. PERFORMANCE		8.48%
	AVERAGE MANDATE PERFORMANCE		7.61%

Performance Indicator	Asset management Co.	Manager	Result
Performance	AllianzGI High Alpha Strategy	L. Macdonald & Team	7.74%
Volatility	BNP Paribas IP	THEAM	7.03
Tracking Error	AllianzGI Best Styles Global Strategy	Team managed	1.41
Sharpe Ratio	Ed. de Rothschild AM	T. Gerhardt & L. Vauthier	1.67
Information Ratio	AllianzGI High Alpha Strategy	L. Macdonald & Team	2.30
Black-Treynor Ratio	Ed. de Rothschild AM	T. Gerhardt & L. Vauthier	5.93%
Max Drawdown	AllianceBernstein	Global Value Team	-4.39%
	STOXX 1800 N.R. PERFORMANCE		5.40%
	AVERAGE MANDATE PERFORMANCE		4.78%

Performance Indicator	Asset management Co.	Manager	Result
Performance	La Francaise AM	A. Garcia & J. Konop	4.49%
Volatility	Sycomore AM	S. de Bailliencourt & E. de Sinety	4.38
Sharpe Ratio	La Francaise AM	A. Garcia & J. Konop	1.38
Max Drawdown	Swiss Life Asset Managers	P. Guillemin	-1.96%
	AVERAGE MANDATE PERFORMANCE		2.56%

Indicateur de performance	Asset management Co.	Manager	Result
Performance	TOBAM	Team Managed	1.52%
Max Drawdown	TOBAM	Team managed	-3.08%
ESG	ECOFI Investissements	T. Boisseau	74/100
Environment	ECOFI Investissements	T. Boisseau	74/100
Social	ECOFI Investissements	T. Boisseau	75/100
Governance	Petercam	Team managed by Lieven Op De Beeck, Didier Van De Veire & Guy Lerminiaux	74/100
	EUROSTOXX N.R. PERFORMANCE		-1.66%
	AVERAGE MANDATE PERFORMANCE		-1.65%
*SRI Europe Equities mandate rankings are Since Inception