Paris-based anti-benchmark asset manager Tobam has announced having boarded $2.1bn (€1.87bn) in net new inflows since December 2014.
Tobam, which has also offices in New York, managed over $8.7 bn (€7.75bn) as at 26 February 2015. Since the start of 2014, its assets under management have increased by 56% as the firm recorded total net inflows of $2.6bn (€2.31bn).
Tobam said allocations have come from over 20 international institutional investors spread across Europe, North America, Asia, and most recently, the Middle East, including public and corporate pension funds, sovereign wealth funds and insurance companies.
The firm added 14 of its 16 anti-benchmark strategies have outperformed their respective benchmarks in 2014. Last year, all of Tobam’s anti-benchmark equity strategies reduced risk versus their respective benchmarks.
Yves Choueifaty (pictured), president of Tobam, commented: “The last 12 months have been pivotal for Tobam and we fully expect to continue this growth. Our anti-benchmark strategies are attracting more and more attention and interest from the world’s leading institutional investors. Investors are now acutely aware of the investment benefits, track record, and innovative dimension of our maximum diversification approach and, importantly, the way in which it differentiates itself from the broader ‘smart beta’ investment approach.”