Performance and Risk Review - January 2014 - amLeague Competition Universe

1 YEAR RANKINGS

Performance Indicator	Asset management Co.	Manager	Result
Performance	Invesco AM	J. Taylor & M. Perowne	31.94%
Volatility	TOBAM	Team managed	9.86
Tracking Error	CM-CIC AM	C. Besson	2.08
Sharpe Ratio	Invesco AM	J. Taylor & M. Perowne	2.10
Information Ratio	Invesco AM	J. Taylor & M. Perowne	3.78
Black-Treynor Ratio	TOBAM	Team managed	12.29%
Max Drawdown	BNP Paribas IP	THEAM	-7.85%
	EUROSTOXX N.R. PERFORMANCE		17.47%
	AVERAGE MANDATE PERFORMANCE		17.01%

Performance Indicator	Asset management Co.	Manager	Result
Performance	BNP Paribas IP	THEAM	25.04%
Volatility	Swiss Life Asset Managers	J. Corcos	8.63
Tracking Error	Vivienne Investissement	Team managed	1.33
Sharpe Ratio	Invesco AM	M. Kolrep & M. Von Ditfurth	2.29
Information Ratio	AllianceBernstein	Europe Strategic Value Team	2.41
Black-Treynor Ratio	Invesco AM	M. Kolrep & M. Von Ditfurth	13.07%
Max Drawdown	Invesco AM	M. Kolrep & M. Von Ditfurth	-8.56%
	STOXX 600 N.R. PERFORMANCE		15.54%
	AVERAGE MANDATE PERFORMANCE		15.70%

Performance Indicator	Asset management Co.	Manager	Result
Performance	AllianceBernstein	Global Value Team	24.89%
Volatility	BNP Paribas IP	THEAM	8.14
Tracking Error	AllianzGI Best Styles Global Strategy	Team managed	1.93
Sharpe Ratio	AllianceBernstein	Global Value Team	2.39
Information Ratio	AllianceBernstein	Global Value Team	2.70
Black-Treynor Ratio	TOBAM	Team managed	7.72%
Max Drawdown	AllianceBernstein	Global Value Team	-7.81%
	STOXX 1800 N.R. PERFORMANCE		16.90%
	AVERAGE MANDATE PERFORMANCE		17.09%

Performance Indicator	Asset management Co.	Manager	Result
Performance	CCR AM	F. Foy, R. Lahoste & E. Regnier	12.14%
Volatility	Sycomore AM	S. de Bailliencourt & E. de Sinety	4.72
Sharpe Ratio	CCR AM	F. Foy, R. Lahoste & E. Regnier	1.42
Max Drawdown	Swiss Life Asset Managers	P. Guillemin	-5.55%
	AVERAGE MANDATE PERFORMANCE		4.17%

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