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We are delighted to inform you that TOBAM has been awarded the 2011 Morningstar Tremplin prize in the equity category. The Tremplin award recognizes the most dynamic and innovative young French asset managers, according to criteria profiled in the Morningstar database, including performance, progression and stability in assets under management, the impact of management fees, and also transparency of information. TOBAM is proud to have been selected for this prestigious award that values our innovative, focused approach. This award arrives at the close of a defining year for TOBAM : - A 50% gain in assets under management since the beginning of 2011, the result of continued indepth dialogue with large global institutional investors, in addition to new inflows from existing clients. - Recent team additions have reinforced our investment management, research and distribution efforts, most notably with the opening of our Los Angeles office - Launch of a global equity mandate managed for the American pension fund CalPERS, concurrent with their minority shareholder position in TOBAM - Launch of the Anti-Benchmark Emerging Markets Equity strategy TOBAM has ambitious business objectives for the new year, and our pipeline of opportunities initiated in 2011 should come to fruition during 2012. Financial markets are continually subjected to economic uncertainty, and persistent market volatility - linked to high concentrations in capitalization-weighted indices – serves as a daily reminder of the difficulty of forecasting and the necessity of diversifying. |