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multimanagement Focus
Multimanagement : 2011, a year marked by mutation interview with... Is multimanagement still an in concept?
Isabelle Reux-Brown CEO, Natixis Multimanager
Whether it is a fund of funds or merely an advisory fund, it is a powerful tool amid a lavish offer of funds, which is difficult to decipher rapidly, and the boundaries of which are increasingly fuzzy. It is also a solution when investors are looking for returns on less familiar segments (countries, markets). Carrying all this out in an efficient and secure fashion requires time and means, and this is the objectivized expertise which multimanagement gives our customers.
What is the specific added value of multimanagement? Multimanagers are independent and position themselves alongside the investor as a guarantee of access to the most qualified experts. As genuine alpha architects with in-depth knowledge of yield constructions, we dissect performance levers and go beyond the usual notions (asset class, style, country) to define the nature of the alphas and the risks actually inherent to the fund, like architects who must necessarily be familiar with the physical properties of their building materials. This approach enables us to draw up forecasts of their future behavior throughout the various market phases in order to associate them in the fund of funds in an effective manner.
"We are a bit like architects striving to approve the very best management styles with a view to securing an optimum alpha source." Isabelle Reux-Brown,
CEO, Natixis Multimanager Created in September 2001, Natixis Multimanager is Natixis Asset Management's multimanagement specialist unit. Its key expertise lies in the ability to analyze and select fund managers and expert knowledge, and add them in to funds of funds. To do this, Natixis Multimanager avails itself of a team with over 10 years' experience in multimanagement and also fund selection and allocation consultancy.
Multimanagement expertise ‌ Natixis Multimanager offers traditional and also alternative multimanagement solutions. The cornerstone of our traditional multimanagement is ultradetailed knowledge of the best directional funds with an expert style of management. Their readability and constant long-term behavior patterns enable us to build two types of effective funds of funds: n single-asset class products, mainly equities from the Sonic range. n profiled total return multi-asset class products from the RÊactis range. Alternative multimanagement, on the other hand, is geared towards a multi-strategy approach. It uses a wide spectrum of alternative strategies (event-driven, rate arbitration, convertible bonds and volatility arbitration, global macro, long-short etc).
‌and selection and consultancy services for external UCITS Natixis Multimanager also offers a selection and consultancy service for external UCITS, broken down into three main formats: n an external UCITS selection and consultancy service following a qualitative analysis (questionnaire, in situ encounters) and also a quantitative analysis (performance, risks, competitive positioning), n monitoring of external UCITS in the form of UCITS listed by asset class or management type, fund reporting, real-time streamlining of the lists, n an allocation consultancy service for external funds.
Perspectives /// March 2011
Natixis Asset Management