Presentation
Convictions Asset Management is an independent management company regulated by the AMF. It was founded by Philippe Delienne and a group of seasoned professionals.
Our success stems from a flexible approach to funds management using a Global Macro/Top Down strategy, investing in all asset classes and taking into account the economic scenarios and the analysis of the monetary policy of the central banks.
Our multidisciplinary team consists of 33 members, of which a third are devoted exclusively to management, research and analysis.
Convictions AM is a management company authorized by the AMF (Autorité des Marchés Financiers, the French financial markets regulator) under No. GP 08000033.
Convictions AM is a member of:
- the AFG (Association Française des Sociétés de Gestion, the French Association of Management Companies) as an asset management company
- the AFFO (Association Française du Family Office, the French Association of Family Offices)
Key figures
As of May 11th, 2012 Convictions AM managed € 664.9 million through a range of investment funds (OPCVM):
- Convictions Premium - € 642.6 million
- Convictions Europactive - € 5.6 million
- Convictions ActivInflation - € 4.6 million
Management process
Convictions Asset Management is a management company specialized in global macro funds, which invests in all asset classes using a Global Macro/Top Down approach.
The management process is based on
- A Global Macro/Top Down approach that takes into account economic scenarios and the analysis of the monetary policy of the central banks
- Innovative risk management through risk budget allocation and extreme risk hedging (Couverture Active des Risques Extrêmes): CARE ™
- A great freedom in the selection of asset classes
Full range
- Convictions Premium : absolute return management to an average annual performance target of more than 7% over a period greater than three years, and a maximum annualized volatility target of 7%.
- Convictions ActivInflation : a management that takes into account the appreciation of real assets and seeks to outperform the annual Eurozone inflation rate by 3%, while maintaining a maximum annualized volatility target of 7%.
- Convictions Europactive : Convictions Europactive: flexible fund management aiming to outperform the Dow Jones Stoxx 600 index.
History
The history of the company is inextricably linked to the history of the Convictions Premium Fund:
In 2003, Philippe Delienne, co-founder and Vice President of La Française des Placements, wanted to create Convictions Premium, a fund dedicated to a close group of investors. The fund was managed by himself and a few colleagues using a Global Macro/Top Down approach, which he defined with a performance target of 7% over the medium term and a limited volatility (max. 7%).
Having consistently achieved its performance and risk control objective, the fund has expanded its client base to include private banking, wealth management consultants and institutional investors.
Consistent with this development, Philippe Delienne decided in 2007 to create a management company called "Conviction Asset Management", which took over the management of the Convictions Premium Fund.
In December 2007, the company expanded its product offering to include Convictions Europactive, a flexible fund invested in the European equity markets and eligible for share savings plans.
In September 2008, the fund launched Convictions ActivInflation, with the goal of outperforming the euro-zone inflation rate (the Harmonized Index of Consumer Prices, HICP) by 3%.
Shareholders
Convictions AM is owned by the independent group CLORAN Finance (70%), which includes equity interests held by founders, managers and employees of Convictions AM, and Crédit Mutuel Nord Europe through its subsidiary La Française AM (30%).
CLORAN Finance is the Group’s holding company which defines the strategy of the Group entities, collects the investments and supports the development of the Group. It includes a Strategic Planning Committee consisting of outside consultants with considerable experience in asset management. As of Janurary 2011, CLORAN Finance’s working capital was €10 million.
Convictions AM’s working capital of €4,7 million provides the company with the means required to successfully pursue its development.
