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amLeague performance review - May 2014

1 YEAR

6 MONTHS

Euro Equities
Europe Equities
Global Equities
Multi Asset Class
SRI Europe Equities

Performance Indicator	Best AM	Best Managers	Result
Performance	Invesco AM	J. Taylor & M. Perowne	32.32%
Volatility	BNP Paribas IP	THEAM	9.51
Tracking Error	CM-CIC	Christophe Besson	2.06
Sharpe Ratio	Invesco AM	J. Taylor & M. Perowne	2.26
Information Ratio	Invesco AM	J. Taylor & M. Perowne	2.95
Black-Treynor Ratio	TOBAM	Team Managed	10.96
Max Drawdown	TOBAM	Team Managed	-5.34%
Performance	AVERAGE MANDATE		18.71%
Performance	EUROSTOXX Net Return		21.16%

Performance Indicator	Best AM	Best Managers	Result
Performance	Swiss Life AM	P. Guillemin & D. Corbet	9.17%
Volatility	BNP Paribas IP	THEAM	9.31
Tracking Error	CM-CIC AM	C. Besson	1.56
Sharpe Ratio	BNP Paribas IP	THEAM	1.89
Information Ratio	ING IM	N. Simar, M. Vandenbulck	1.1
Black-Treynor Ratio	BNP Paribas IP	THEAM	10.95
Max Drawdown	BNP Paribas IP	THEAM	-4.29%
Performance	AVERAGE MANDATE		6.57%
Performance	EUROSTOXX Net Return		7.56%

Performance Indicator	Best AM	Best Managers	Result
Performance	BNP Paribas IP	THEAM	23.83%
Volatility	Sycomore AM	A. d'Aligny, E. Préaubert	13.18
Tracking Error	Vivienne Investissement	Team Managed	1.39
Sharpe Ratio	Swiss Life Asset Managers	J. Corcos	2.27
Information Ratio	Roche-Brune AM	B. Fine, G. Laverne	1.43
Black-Treynor Ratio	Swiss Life Asset Managers	J. Corcos	11.21
Max Drawdown	Swiss Life Asset Managers	J. Corcos	-5.01%
Performance	AVERAGE MANDATE		16.39%
Performance	STOXX 600 Net Return		17.60%

Performance Indicator	Best AM	Best Managers	Result
Performance	Ossiam Europe Minimum Variance	Team Managed	10.22%
Volatility	Swiss Life Asset Managers	J. Corcos	8.36
Tracking Error	Vivienne Investissement	Team Managed	1.58
Sharpe Ratio	Swiss Life Asset Managers	J. Corcos	2.84
Information Ratio	Ossiam Europe Minimum Variance	Team Managed	1.44
Black-Treynor Ratio	Swiss Life Asset Managers	J. Corcos	18.28
Max Drawdown	Ossiam Europe Minimum Variance	Team Managed	-3.36%
Performance	AVERAGE MANDATE		7.18%
Performance	STOXX 600 Net Return		7.85%

Performance Indicator	Best AM	Best Managers	Result
Performance	AllianceBernstein	Global Value Team	18.09%
Volatility	BNP Paribas IP	THEAM	7.35
Tracking Error	AllianzGI Best Styles Global strategy	Team Managed	1.49
Sharpe Ratio	AllianceBernstein	Global Value Team	1.77
Information Ratio	AllianceBernstein	Global Value Team	2.08
Black-Treynor Ratio	AllianceBernstein	Global Value Team	4.06
Max Drawdown	BNP Paribas IP	THEAM	-5.07%
Performance	AVERAGE MANDATE		12.90%
Performance	STOXX 1800 Net Return		12.92%

Performance Indicator	Best AM	Best Managers	Result
Performance	BNP Paribas IP	THEAM	9.11%
Volatility	BNP Paribas IP	THEAM	7.10
Tracking Error	AllianzGI Best Styles Global strategy	Team Managed	1.50
Sharpe Ratio	BNP Paribas IP	THEAM	2.70
Information Ratio	AllianzGI Best Styles Global strategy	Team Managed	1.72
Black-Treynor Ratio	BNP Paribas IP	THEAM	15.09
Max Drawdown	BNP Paribas IP	THEAM	-3.19%
Performance	AVERAGE MANDATE		6.34%
Performance	STOXX 1800 Net Return		6.17%

Performance Indicator	Best AM	Best Managers	Result
Performance	CCR AM	F. Foy, R. Lahoste & E. Regnier	10.76%
Volatility	Swiss Life Asset Managers	P. Guillemin	4.64
Sharpe Ratio	CCR AM	F. Foy, R. Lahoste & E. Regnier	1.34
Max Drawdown	Swiss Life Asset Managers	P. Guillemin	-2.37%
Performance	AVERAGE MANDATE		6.55%

Performance Indicator	Best AM	Best Managers	Result
Performance	La Francaise AM	A. Garcia, J. Konop	5.49%
Volatility	Swiss Life Asset Managers	P. Guillemin	4.07
Sharpe Ratio	Allianz GI	M. Pivovard, S. Atallah	1.65
Max Drawdown	ECOFI Investissements	O. Guillou	-2.03%
Performance	AVERAGE MANDATE		3.99%

Performance Indicator	Best AM	Best Managers	Result
Performance	TOBAM	Team Managed	9.33%
Volatility	BNP Paribas IP Low Vol	THEAM	8.96
Tracking Error	Federal Finance	Team Managed	2.2
Sharpe Ratio	BNP Paribas IP Low Vol	THEAM	2.65
Information Ratio	BNP Paribas IP Low Vol	THEAM	1.28
Black-Treynor Ratio	TOBAM	Team Managed	14.49
Max Drawdown	TOBAM	Team Managed	-4.31%
ESG	ECOFI Investissements	T. Boisseau	73/100
Environment	ECOFI Investissements	T. Boisseau	73/100
Social	ECOFI Investissements	T. Boisseau	74/100
Governance	ECOFI Investissements / Petercam		73/100
Performance	AVERAGE MANDATE		6.29%
Performance	STOXX 600 Net Return		6.75%
* SRI Europe Equities mandate rankings are Since Inception (31/12/2013)

Performance Indicator	Best AM	Best Managers	Result
Performance	BNP Paribas IP Low Vol	THEAM	7.81%
Volatility	BNP Paribas IP Low Vol	THEAM	8.45
Tracking Error	Allianz GI	C. Clet-Messadi, C. Garrigues	2.23
Sharpe Ratio	BNP Paribas IP Low Vol	THEAM	4.34
Information Ratio	BNP Paribas IP Low Vol	THEAM	2.28
Black-Treynor Ratio	BNP Paribas IP Low Vol	THEAM	21.86
Max Drawdown	BNP Paribas IP Low Vol	THEAM	-3.36%
ESG	ECOFI Investissements	T. Boisseau	73/100
Environment	ECOFI Investissements	T. Boisseau	73/100
Social	ECOFI Investissements	T. Boisseau	74/100
Governance	ECOFI Investissements / Petercam		73/100
Performance	AVERAGE MANDATE		5.13%
Performance	STOXX 600 Net Return		5.78%
* SRI Europe Equities mandate rankings are Since Inception (31/12/2013)

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