Click here to download the paper Yves Choueifaty is a member of the 300 Club, a group of leading investment professionals from across the globe who have joined together to respond to an urgent need to raise unconfortable and fundamental questions about the very foundations of the investment industry and investing. Find below a white…
TOBAM boards over US$2 billion in new assets in the last three months and crosses the US$8 billion milestone at US$8.7 billion Company increases AUM by over 50% since start of 2014, reflecting the growing popularity of its smart beta strategy Paris, 2nd March, 2015 – TOBAM, the Paris-based asset manager, has been awarded US$2.1…
TOBAM received the jury’s Special Award during the 5th edition of the [profit for Non Profit] Awards, organised by Axylia, the independent advisory firm specialised in socially responsible and altruistic solutions. TOBAM believes that it is in the fundamental interest of its clients to adopt a sustainable approach, sustainability being a major component of economic…
Paris, November 14th, 2014 – TOBAM has won the entrepreneurial asset manager of the year award during the second edition of the Asset Management Trophies, organised by Deloitte and Option Finance. To determine the winner, Option Finance worked in partnership with Deloitte to develop a rigorous and representative methodology. Through this distinction, the jury, composed…
Paris, October 9th, 2014 – TOBAM announced the launch of its “Anti-Benchmark US Credit Strategy”. Having implemented the Anti-Benchmark strategy in the universe of equities since 2006, the successful application of the strategy to bonds for the first time represents a significant breakthrough in TOBAM’s research and execution capabilities. With the launch of this strategy,…
02To the attention of investors within the following UCITS: Part I TOBAM Anti-Benchmark Canada Equity Fund TOBAM Anti-Benchmark Euro Equity Fund TOBAM Anti-Benchmark France Equity Fund TOBAM Anti-Benchmark Japan Equity Fund TOBAM Anti-Benchmark Pacific Ex-Japan Markets Equity Fund TOBAM Anti-Benchmark UK Equity Fund TOBAM Anti-Benchmark US Equity Fund Part II TOBAM Anti-Benchmark All Countries World…
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…
To the attention of investors within the following mutual Funds: TOBAM Anti-Benchmark France Equity Fund As required by ESMA (The European Securities and Markets Authority), all the revenues arising from temporary purchases and sales of securities must be returned to the UCITS : the Fund’s Prospectus has been modified accordingly. The management company collects 40%…
Paris, January 14th, 2014 – The Paris-based quantitative asset manager TOBAM today announced the launch of its Anti-Benchmark All Countries World Equity fund. This fund seeks to maximise diversification using a very large investable universe, MSCI ACWI (currently 23 developed markets and 21 emerging markets, app. 2500 constituents), as such having the potential to achieve…
TOBAM offers a quantitative management approach which integrates socially responsible investment criteria via an exclusion list.
Applied to equity and fixed income strategies, respectively since 2007 and 2015, we are looking at Maximum Diversification® indices since 2011, this negative screening is based on the exclusion list published by the Norges Bank, a renowned investment institution and founding member of the PRI , as some other leading institutions.
This exclusion list involves controversial products ( Tobacco, Coal, Weapons ) and other controversial behaviors ( Human rights, Environment and International Laws, severe damages or breaches ).
We are committed to third parties, the industry and the investment companies as another crucial step towards the promotion and development of responsible investment.
Fossil-free focus on two strategies
TOBAM also applies a 100% fossil-fuel free approach to two of its strategies: Anti-Benchmark® Emerging Markets Equity and Anti-Benchmark® Global High Yield.
Companies with significant involvement in the production, sales or extraction of fossil fuels (including coal, coal power generation, oil and gas) are excluded from the investment universes of both strategies.
The Client Service & Business Development team coordinates Client Service and Business Development from Paris and New York offices, and has been continuously expanding together with TOBAM’s AUM growth. The team evolves in a multicultural environment and currently includes members from Europe, America, and Asia.
The Client Service & Business Development team in Paris sits together with the Portfolio Management and Research Team which facilitates the cooperation and constant flow of information between the different teams.
Job Description
Involvement in the client service activity which includes:
Coordinate with IT to set-up customized client reports.
Ensure that client receive timely, quality, detailed information in line with their requirements and in a consistent manner.
Manage product-specific deliverables for external distribution channels.
Contribute on various ad-hoc projects to improve the Client Service and Business Development team operations.
Participate in Business Development process, including but not limited to, RFP content management, production of sales presentations, portfolio analysis, etc.
Other general marketing/sales support as needed.
The Candidate prerequisite
Top-notch business or engineering school.
English fluency and strong writing skills are required.
Strong computer skills: advanced in Excel,
Strong analytical skills, team spirit, proactive, attention to detail, keen to learn and learn fast.
Tobam’s Research team comprises highly skilled mathematicians, engineers, economists & traders.
Job Description
The candidate will:
Share her/his time between academic research and internal quant research projects.
Demonstrate mental agility in a fast-paced, demanding environment.
Have the capacity to operate independently and flexibly.
Report to the Head of Research and the Deputy CIO.
Work out of our Paris office (with home office options)
The Candidate prerequisite
PhD in Physics, Biology, Math, Finance, Economy, …
Proficiency in Python or Matlab.
Excellent English writing skills.
Good general communication skills and team spirit.
Strong interest in financial markets
Definite plus: Strong Academic track record.
6-month Internship (from mid-June)
Pre-employment internship and possibility of Alternance
TOBAM, a quantitative asset management firm with assets approx. $10 billion and 51 professionals (as of December 2021), is currently recruiting an intern to join its Paris-based Client Service & Business Development team. The company offers innovative investment capabilities and provides institutional clients with diversified core equity exposure, both globally and in domestic markets. The firm has been experiencing a significant expansion, one of the largest in the industry, and is looking for a candidate who can contribute to its strong growth.
The Client Service & Business Development Team
The Client Service & Business Development team coordinates Client Service and Business Development from Paris and New York offices and has been continuously expanding together with TOBAM’s AUM. The team evolves in a multicultural environment and currently includes members from Europe, America, and Asia.
The Client Service & Business Development team in Paris sits together with the Portfolio Management and Research Team which facilitates the cooperation and constant flow of information between the different teams.
Job Description
Involvement in the client service activity which includes:
Coordinate with IT to set-up customized client reports.
Ensure that client receive timely, quality, detailed information in line with their requirements and in a consistent manner.
Manage product-specific deliverables for external distribution channels.
Contribute on various ad-hoc projects to improve the Client Service and Business Development team operations.
Participate in Business Development process, including but not limited to, RFP content management, production of sales presentations, portfolio analysis, etc.
Other general marketing/sales support as needed.
The Candidate
Top-notch business or engineering school.
English fluency and strong writing skills are required.
Strong computer skills : advanced in Excel,
Strong analytical skills, team spirit, proactive, attention to detail, keen to learn and learn fast.
Born in Bayonne (South West of France) in 2001, Justin grew up with his feet in the sands.
Supported by his parents who 15 years ago, established the Natural Surf Lodge, between lake, forest and ocean. This environmentally responsible living environment, provides Justin with a beneficial and suitable structure for his training.
A native from the European capital of board sports, Justin has a great desire to travel the world (Australia, Tahiti, Hawaï, Denmark..) which he will be able to do upon being successful in joining the professional circuit, the CT.
In 2022, Justin has been selected to join the highly prestigious Rip Curl Pro Portugal event and is looking to participate to the Olympic games in Paris in 2024.
TOBAM is proud to support this young athlete, who remains humble and accessible. Go for it Justin!
If you want to learn more about Justin, please read “Life of a Surfer“
We are really proud to have another beneficiary of the Initiative, Aurélia Boulanger, a very talented young triathlete.
Aurelia just graduated as an engineer, specialized in urban planning and sustainable buildings.
She started her triathlete career in 2018, and became the winner of the 2019 French long distance triathlon.
TOBAM is proud to support a female athlete, in a sport that is less prone to media attention but requires an absolute dedication and commitment to trainings and competition.
Her objective this year is to qualify for the Triathlon 70.3 World Championship, due to be held on December 2022 in New Zealand. This “half-Ironman” is a long-distance triathlon race consisting of 1.9km swim (1.2 mile), 90km bike (56 miles), and 21.1km run (13.1 miles) !
Aurelia’s dedication to her sport, trainings and objectives sets a high example for all of us. We are happy to support Aurélia for her future endeavours.
Since the adoption of Norges Bank’s exclusion list in 2007, tobam has implemented a number of initiatives to further supplement its sustainable investment approach. tobam’s research department dedicates a significant amount of its time and resources to study the ways in which sustainable investment and ESG topics can be integrated into portfolios without disrupting tobam’s Maximum Diversification® philosophy.
tobam’s research team carried out extensive research on the reduction of the carbon footprint of our portfolios via the implementation of a carbon footprint constraint compared to the market cap weighted benchmark of the investment universe.
Based on our findings, we demonstrated that a systematic reduction of 20% of all of tobam’s portfolios carbon footprint versus their respective benchmark has no significant impact on the portfolio’s risk/return profile, nor on its diversification benefits.
This relative carbon footprint reduction constraint was implemented in the portfolio optimization process, for all Anti-Benchmark® equity portfolios since June 2018, to all Maximum Diversification® Indices since September 2018 and to fixed income portfolios since June 2019.
Stewardship policy
TOBAM considers stewardship as a way to consider its shareholder and creditor position on behalf of its clients to influence investee companies, investors, the asset management industry and our clients. The objective is to take responsibility for long-term value creation, including the value of common economic, social and environmental assets.
TOBAM uses several tools to achieve an efficient stewardship policy and further integration of sustainability principles and good corporate governance in the companies in which it invests.
TOBAM’s Stewardship policy’s primary objective is to identify and influence investee companies under controversies or facing long term challenges and to use our shareholder and creditor responsibility as a way to further the dialogue and to influence best practices. Management of potential reputational, legal, environmental, social risks is the priority of TOBAM’s stewardship policy.
TOBAM uses General Assembly Votes, Engagement, Contribution to Public Goods (Research) and Public Discourse (media & Conferences) to enhance its stewardship responsibility, reach better understanding of investee companies’ policies, develop risk monitoring of controversies, sustainability and climate related risks and promote best practices.
TOBAM’s Research team has built a proprietary methodology to construct the Sustainability Performance Footprint of each individual stock holding in our portfolios, hence the sustainability performance footprint of our portfolios.
Using officially published data from Bloomberg in order to monitor the sustainability criteria for all listed companies of our investment universe:
Existence of climate change / biodiversity / energy efficiency policies ; green building, water and waste usage…
Ethics/Equal opportunity/training/ consumer data protection/whistleblowing policies, CSR committee in place, supply chain management ….
Number of board meetings per year, % independent directors, chairman tenure, % non-executive directors in board …
TOBAM’s is now integrating sustainability and has implemented this hard constraint to all our equity portfolio, in order to optimize portfolios so that they, at minima, match the footprint of their respective benchmark.
As usual, TOBAM’s integration efforts is built in parallel to significant research efforts to ensure that these new additions did not significantly impact the characteristics of our portfolio in terms of risk/return profile, as well as diversification structure.
TOBAM is currently working on integrating the sustainability performance footprint to fixed income portfolios.