Performance and Risk Review - Mars 2014 - amLeague Competition Universe

6 MONTHS

1 YEAR

1 YEAR RANKINGS

Performance Indicator	Asset management Co.	Manager	Result
Performance	Invesco AM	J. Taylor & M. Perowne	40.53%
Volatility	TOBAM	Team managed	10.24
Tracking Error	Vivienne Investissement	Team managed	2.44
Sharpe Ratio	Invesco AM	J. Taylor & M. Perowne	2.28
Information Ratio	Invesco AM	J. Taylor & M. Perowne	4.11
Black-Treynor Ratio	Invesco AM	J. Taylor & M. Perowne	11.74
Max Drawdown	BNP Paribas IP	THEAM	-7.85%
Performance	AVERAGE MANDATE		21.93%
Performance	EUROSTOXX N.R.		24.76%

Performance Indicator	Asset management Co.	Manager	Result
Performance	AllianceBernstein	Europe Strategic Value Team	28.00%
Volatility	Swiss Life Asset Managers	J. Corcos	8.9
Tracking Error	Vivienne Investissement	Team Managed	1.31
Sharpe Ratio	AllianceBernstein	Europe Strategic Value Team	2.15
Information Ratio	AllianceBernstein	Europe Strategic Value Team	3.45
Black-Treynor Ratio	AllianceBernstein	Europe Strategic Value Team	8.66
Max Drawdown	Invesco AM	M. Kolrep, M. Von Ditfurth	-8.56%
Performance	AVERAGE MANDATE		15.66%
Performance	STOXX 600 N.R.		17.07%

Performance Indicator	Asset management Co.	Manager	Result
Performance	AllianceBernstein	Global Value Team	19.55%
Volatility	BNP Paribas IP	THEAM	7.91
Tracking Error	AllianzGI Best Styles Global strategy	Team Managed	1.94
Sharpe Ratio	AllianceBernstein	Global Value Team	1.83
Information Ratio	AllianceBernstein	Global Value Team	2.81
Black-Treynor Ratio	AllianceBernstein	Global Value Team	7.27
Max Drawdown	AllianceBernstein	Global Value Team	-7.81%
Performance	AVERAGE MANDATE		10.53%
Performance	STOXX 1800 N.R.		11.07%

Performance Indicator	Asset management Co.	Manager	Result
Performance	CCR AM	F. Foy, R. Lahoste & E. Regnier	11.95%
Volatility	Sycomore AM	S. de Bailliencourt & E. de Sinety	5.23
Sharpe Ratio	CCR AM	F. Foy, R. Lahoste & E. Regnier	2.37
Max Drawdown	Swiss Life Asset Managers	P. Guillemin	-5.27%
Performance	AVERAGE MANDATE		4.69%

Performance Indicator	Asset management Co.	Manager	Result
Performance	TOBAM	Team Managed	5.42%
Volatility	BNP Paribas IP Low Vol	THEAM	9.78
Tracking Error	Federal Finance	Team Managed	2.23
Sharpe Ratio	TOBAM	Team Managed	2.36
Information Ratio	Swiss Life Asset Managers	P. Guillemin	2.78
Black-Treynor Ratio	TOBAM	Team Managed	21.11
Max Drawdown	TOBAM	Team Managed	-4.31%
ESG	ECOFI Investissements	T. Boisseau	74/100
Environment	ECOFI Investissements	T. Boisseau	74/100
Social	ECOFI Investissements	T. Boisseau	75/100
Governance	ECOFI Investissements / Petercam		73/100
Performance	AVERAGE MANDATE		2.69%
Performance	STOXX 600 N.R.		2.44%
* SRI Europe Equities mandate rankings are Since Inception (12/31/2013)