Anthilia Corporate Presentation 2013

Anthilia

Capital Partners

SGR

Maggio

2011

02/13

Company Overview

February 2013

2

Anthilia Capital Partners SGR Spa

Company overview

3

Anthilia investment funds: distinctive features

Risk Management

Agenda


Anthilia Capital Partners SGR

Anthilia Capital Partners - overview

Vital fews

An independent asset management company

for private and institutional investors

Founded by highly reputed professionals of

the industry and two private banks

Committed to transparency and to deliver

capital protection and total return strategies

Active in open-end mutual funds management,

customised mandates and investment advisory

4


Partners – professional experience


5

Andrea Cuturi

Partner, CIO

Anthilia Blue Fund Manager

18 years of experience

at Comit, Nextra IM

and Credit Suisse.

Marco Capolino

Partner, CEO

Massimiliano Orioli

Partner, Grey & Orange

Fund Manager

Giovanni Landi

Senior Partner, PM

25 years of experience at

Deutsche Bank, Comit

and Nextra IM

Paolo Rizzo

Partner, Red & Green

Fund Manager

Lucio Cuppini

Partner


at Gruppo Unipol

Markus Ratzinger

Partner, White & Yellow

Fund Manager

Eugenio Namor

Indipendent Chairman

Daniele Colantonio

Partner – Risk Mgr


at Lloyds, ArthurDLittle

and Enav


in Erns & Young and

Yank Sgr


at Comit, Nextra and

CAAM


at Deutsche Bank,

Fondiaria SAI and Credit

Agricole


at Citigroup, Chase

international and Giro

Credit Bank


at San Paolo IMI, Caboto

and Eurizon

Indipendente


Our principles


6

Partnership

Alignment of interest among partners-fund managers and

investors

Expertise

Over 150 years cumulative experience. Long track record

Independence

No conflict of interest, autonomy in investment decisions

Genuine Focus

On clients needs: capital protection, transparency and total

return

Coherence

Investment choices respectful of clients’ risk appetite

Knowledge

Active only in markets where we got experience and

undisputable knowledge

Consistency

Results delivered since inception in various market condition


Management team, intuition and discipline


Anthilia Quant Team

Daniele

Colantonio

Matteo

Soriani

Global tactical

Asset Allocation

Quant models

on risk

allocation

Correlation

analysis

Risk Manager &

Quant Specialist

Quant

Analyst

Forecasting

models

Hedging

strategies

Momentum

trading

Option

pricing

Software

specialist

Statistical

analysis

Massimiliano

Orioli

Fund Manager

Grey & Orange

7

Anthilia Discretionary Team

Paolo

Rizzo

Andrea

Cuturi

Fund Manager

Red & Green

CIO & Fund

Manager Blue

Stock picker

European

equity

Value

management

style

Fundamental

research

Analysis and

macroecono

mic

management

Stock picker

Euro equity

Quant

models for

industry

analysis

Techinical

analysis

Markus

Ratzinger

Fund Manager

White e Yellow

Master in

Finance

Equity

derivatives

trader

Corporate

bond picker


Wholesale clients

Retail clients

Professional Partners

Net sales and Assets under Management


Asset by client type (as of 31.12.2012) Net inflows: Anthilia vs market

Total AUM: € 512 million

38.0%

41.0%

18.0%

3.0%

Institutional Investors

8

Italian Funds Market

Anthilia funds

bil

lio

n €

m

illi

on

€


Business lines, net sales and AUM


Business lines

Management of mutual funds and unit trusts

Each fund is managed by a partner/manager

Separate managed account & financial advisory

Ad hoc investment selection based on client’s risk

appetite and time horizon

Sub-advised mandates / White label funds

Managed on behalf of institutional investors with a

defined risk-return target

Anthilia funds AUM (% of total as of 30.09.2012)

9

Net sales


Distributors to private clients Platforms for institutional clients

Distribution networks


10

Contact us directly:

Anthilia Capital Partners SGR

[email protected]

Tel. +39 02 97 386 101

http://www.iwbank.it/

http://www.allfundsbank.com/

http://www.onlinesim.it/

http://www.iwbank.it/


Anthilia Capital Partners SGR – overview

11


Risk Management

Agenda


“Satellite“ fund offer


12

Anthilia funds complete the traditional asset

allocation based on cash + bonds + equity with

satellite strategies focused on absolute / total

return approach

Risk

(volatility)

Expected return

White

Geo

Grey

Blue

Yellow

Orange

Green

Red

Black

3%

5%

7%

10%

1% / 3% 3% / 5% 5% / 7% 7% /10% Asset Allocation

Risk-return profile


Products positioning


13

Excess return target vs. cash

GEO Global Cash Plus II

Equity

Multi-

Asset

Bonds

+2% +3% +4% +5% +5% +6% +7% +1%

Underlying securities

Anthilia’s offer covers a wide range of risk-return profiles, with

different investment strategies and underlying assets


Strategies and investment styles


14

Anthilia

White

Anthilia

Grey

Anthilia

Blue

Anthilia

Yellow

Anthilia

Orange

Anthilia

Green

Anthilia

Red

Anthilia

Black

Multi-strategy GTAA Global Macro€ Corporate

Bond

High Yield &

Em Mk Debt

Long-Short

Equity Italy

Long Bias

Euro Equity

Managed

Futures

Securities Picking *** *** *** *** *** *** *

Market Timing ** * ** * * * ***Asset Allocation *** *** ** *** *** ***Bottom up *** ** *** *** ***Top-down ** ** ***Discrezionale *** *** *** *** ***Quantitativo * *** *** ***

Max 10% Max 10% Max 10% Max 10% Max 100% Max 10% Max 10% Max 10%

Max 3% 5% 6% 8% 8% 7% 8% 9%

EONIA + 2% EONIA + 3% 5% 7% 7% 7% 7% 8%

Volatilità Target

Ritorno Atteso (medio annuo)

Fondi di terzi/ETF

Fondo

Strategia

Approccio

Fonti di valore

Anthilia

White

Anthilia

Grey

Anthilia

Blue

Anthilia

Yellow

Anthilia

Orange

Anthilia

Green

Anthilia

Red

Anthilia

Black

Multi-strategy GTAA Global Macro€ Corporate

Bond

High Yield &

Em Mk Debt

Long-Short

Equity Italy

Long Bias

Euro Equity

Managed

Futures

Securities Picking *** *** *** *** *** *** *

Market Timing ** * ** * * * ***Asset Allocation *** *** ** *** *** ***Bottom up *** ** *** *** ***Top-down ** ** ***Discrezionale *** *** *** *** ***Quantitativo * *** *** ***

Max 10% Max 10% Max 10% Max 10% Max 100% Max 10% Max 10% Max 10%

Max 3% 5% 6% 8% 8% 7% 8% 9%

EONIA + 2% EONIA + 3% 5% 7% 7% 7% 7% 8%

Volatilità Target

Ritorno Atteso (medio annuo)

Fondi di terzi/ETF

Fondo

Strategia

Approccio

Fonti di valore


Anthilia Capital Partners SGR - overview

15


Risk Management

Agenda


16

Risk Management and value creation

Risk Management

3. Committment

2. Performance monitoring

1. Capital protection

Control

Assessment

Committment

1

2

3

• Exposure control

• Assets liquidity

• Leverage limits.

• Compliance to law and procedures

• Performance breakdown

• Value contribution analysis

• Sharing analysis with Fund Managers.

• Support across road-shows with

Clients.


17

Capital protection – Risk mapping

Risk Management

Financial risk Operational risk Reputational risk

• Price risk (Portfolio risk)

• Counterparty risk

• Liquidity risk

• Inestment limits violation

risk

• Depositary Bank operations.

• Subscritpions and redemptions

risk

• NAV calculation and fees

• Activity tracking and

Information technology

• Market abuse control

• External communication

and media


18

Locations

Contatti

Corso di Porta Romana, 68

20121 Milano

Tel +39 02 97386 101

Fax +39 02 97386 100

Milan Rome Bologna

Via Antonio Bertoloni, 55

00197 Roma

Tel +39 06 45496 450

Via Guerrazzi, 28/3

40125 Bologna

Tel +29 051 296 0714

www.anthilia.it email: [email protected]

http://www.anthilia.it/

mailto:[email protected]

Disclaimer Anthilia Capital Partners Sgr Spa

This document is produced for information only and does not constitute an offer to sell or an invitation to

buy any financial instruments. Any research or analysis used in the preparation of this document is based

upon sources believed to be reliable, but no representation or warranty is given as to the accuracy or

completeness of those sources. Any opinions, estimates or forecasts may be changed at any time without

prior warning.

This document is not intended for distribution to private investors and is not directed to, or intended for

distribution to or use by, any person or entity who is a citizen or resident of or located in any locality,

state, country or other jurisdiction where such distribution, publication, availability or use would be

contrary to law or regulation.

Past performance is no guarantee of future performance.

This document has been issued by Anthilia Capital Partners Spa for information use only.

This document may not be reproduced or distributed, either in part or in full, without prior authorization

being obtained from Anthilia Capital Partners SGR SpA.

19

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Anthilia Corporate Presentation 2013

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