TOBAM launches thematic Anti-Benchmark Next US Equity Strategy and reaches $6bn in AUM
Paris, May 16th, 2014 – After raising more than a billion USD in its flagship TOBAM Anti Benchmark US Equity strategy, the Paris-based quantitative asset manager TOBAM today announced that it has received a $150 million mandate from a leading North American institutional investor for the newly created Anti-Benchmark Next US Equity strategy.
The strategy applies TOBAM’s patented Anti-Benchmark methodology within the investment universe of the NASDAQ 100. Focusing on a subset universe of US equities, this approach demonstrates that it is possible to extract value by diversifying within potentially any given universe or sub-universe.
The $150 million funding from a leading North American institutional investor into this new strategy demonstrates TOBAM’s continuous response to meeting client’s demands.
Yves Choueifaty, President of TOBAM, declared: “Originally the NASDAQ 100 Index was known as the US technology index, but in fact it has a much wider range of sectors. Some of the most innovative companies of the US industry are listed with this index. Diversification is our leitmotiv, and innovation is the fuel to diversification. The Anti-Benchmark Next US Equity strategy offers a double opportunity to investors by proposing the maximum diversification possible amongst the most innovative companies… the NEXT leaders of the US market.”
With the funding of this new strategy, TOBAM’s assets under management have surpassed the $6bn mark as of May 15th, increasing $500 million YTD, after a doubling of the AUM in 2013.