Asset Management via…...Banker Investment Analyst Investment Strategist VU Amsterdam AIO -...
Transcript of Asset Management via…...Banker Investment Analyst Investment Strategist VU Amsterdam AIO -...
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Single Family
Officer /
Chief Investment
Officer
Phd Student
Corporate Finance
Private Banker
Investment Analyst
Investment Strategist
VU Amsterdam
AIO - Tinbergen Institute
“The Dutch Market for Corporate Control”
Van Meer James Capel
Bank Cantrade
Delta Lloyd BankDelta Lloyd Bank
Banque Paribas Nederland
Theodoor Gillissen Bankiers
Wealth Management Partners
All captured
in Dedicated
Family Office
Software
Knowledge
& Experience
Software
Skills
Commercial
Drive
Knowledge
➢ Investment Theory
➢ Financial Markets
➢ Financial Industry
Enterprises
➢ Quant-Capital Partners BV
➢ Assetgrip R&D BV
➢ Quant-Capital Asset
Management BV
Tools
➢ MS Excel
➢ VBA
➢ Power BI
Experience
➢ Institutional Clients
➢ Private Clients
➢ Single Family Offices
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Why…?
Overview
InsightControl Risk/ReturnRest
Obligations
Instruments
Liquidity
Legal Entities
Accounts
Yields
Activities
Asset Classes
Asset Managers
Regions/Countries
Styles
FX
Activities/
Asset Classes
Legal
Entities
Asset
Managers
Activities
➢ Private Equity
➢ Real Estate
➢ Asset Management
➢ Cash
Asset Classes
➢ Alternatives
➢ Cash
➢ Cash Equivalent
➢ Commodities
➢ Credits
➢ Forestry/Timber
➢ Gold
➢ Government Bonds
➢ Infrastructure
➢ Land
➢ Private Equity
➢ Public Equity
➢ Special
➢ Other
Active/Passive
AssetsInternally/Externally
Managed
Listed/Non-Listed
Assets
Long Term
Strategic
Asset Allocation
Assets
Debt
Short Term
Tactical
Asset Allocation
Income/
Yields
Net
Income
Expenses/
Costs
Free Cash
Liquidity
Obligations
Investment
Styles
FX/
Exposure
Regions/
Countries
Investment Styles
➢ Large/Small
➢ Value/Growth
➢ Sector
➢ Factor
Regions/Countries
➢ Europe
➢ USA
➢ Asia Pacific (ex Japan)
➢ Japan
➢ Emerging Markets
FX
➢ EUR
➢ UDS
➢ GBP
➢ CHF
➢ etc
How…?
Structure
Discipline
Low
Trading
Costs
Low
AM Fees
Trans-
parancy
Smart Diversification➢ Risk Budgets - Strategies
➢ Risk Budgets - Instruments
Rebalancing➢ Quantitative Data Analysis
➢ Set Market Scores
➢ Smart Order Routing
➢ Low Execution Costs
➢ Exclude Emotions
Trading Platforms➢ Interactive Brokers
➢ BinckBank
Fee Structure➢ 0.40% * AuM
➢ Min = euro 10k
➢ Max = euro 100k
Unique ReportingAsset Management Reporting
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Client ID Code: demo
Username
Password
Latest version
User Rights
➢ Admin
➢ Maintenance
➢ Save
➢ User
➢ Read Only
➢ Export
➢ Reporting
System & Software
Requirements
Demo
Double Click
for all details
Predefined
Breakdowns…
Asset
Class
Activities
Active/Passive
Yields
CUR
Intern/Extern
Quick
View…
Net Income
RoundingStake%
Asset Class Yield (in EUR) Yields (%) MV (in EUR) Weight Active (77.8%) Passive (22.2%) Intern (47.0%) Extern (53.0%)
The Big Picture (31 Dec 2019) 2,515,939 1.7% 147,599,436 100% 114,781,084 32,818,352 69,411,864 78,187,573
Cash 3,340,193 2.3% 3,340,193 1,558,453 1,781,740
Cash Equivalent 116,582 3.0% 3,925,143 2.7% 3,925,143 - 3,925,143
Subtotal 7,265,335 4.9% 3,340,193 3,925,143 1,558,453 5,706,883
Obligations (7,508,915) (5.1%) (7,508,915) (4,008,915) (3,500,000)
Free Cash (243,580) (0.2%) (4,168,722) 3,925,143 (2,450,462) 2,206,883
Alternatives 13,985,199 9.5% 13,985,199 - 13,985,199
Commodities 3,436,754 2.3% 3,436,754 - 3,436,754
Credits 937,974 7.3% 12,890,046 8.7% 12,890,046 1,000,000 11,890,046
Forestry & Timber 3,879,739 2.6% 3,879,739 3,879,739 -
Gold 3,730,095 2.5% 2,036,885 1,693,210 3,730,095 -
Government Bonds 10,684,300 7.2% 10,684,300 - 10,684,300
Infrastructure 6,538,986 4.4% 6,538,986 - 6,538,986
Land 12,536 0.3% 3,907,659 2.6% 3,907,659 3,907,659 -
Private Equity 14,454,350 9.8% 14,454,350 4,454,350 10,000,000
Net Private Equity 6,945,435 4.7% 6,945,435 445,435 6,500,000
Public Equity 23,978,319 16.2% 23,978,319 6,606,913 17,371,407
Real Estate 1,151,846 4.0% 28,657,570 19.4% 23,157,570 5,500,000 26,583,570 2,074,000
Special 297,000 1.4% 21,000,000 14.2% 21,000,000 21,000,000 -
Other 700,000 0.5% 700,000 700,000 -
Net Income (in EUR) Active Passive Intern Extern
Income 2,515,938 2,515,938 1,636,382 879,556
Expenses (525,000) (525,000) (525,000)
Net Income 1,990,938 1,990,938 1,111,382 879,556
To do
Risk Profiles
Active
Asset Management
Active/Extern
Breakdowns
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Quantity Effect Price Effect FX Effect
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Linked to ISIN/MNEM
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Notepad Functionality
Thomson Reuters
Datastream
(incl history)
Asset Allocation;
Risk Profiles
➢ The Big Picture
➢ LT SAA
➢ ST TAA
Fit Screen
FX
Manual
Export
(Backup)
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(Restore)
Reporting...
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Disclaimer
License Stop Date
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Assetgrip
Software
MarketScore Card
Charts
Modules
Investment
Framework
General Modules
➢ Datafeed (Thomson Reuters Datastream)
➢ Client-Intake (Compliance)
➢ LT SAA (Risk/Return)
➢ Look-Through (ETF’s)
➢ Calculator (Tax)
➢ User Manuals
Investment Framework
➢ Strategies
➢ Client Risk Profiles
➢ ST TAA (algorithm)
➢ Rebalancing
➢ Order Execution (IB)
Investment Analysis
➢ Quant Score Card (-5, 0, +5)
➢ Chart Manager
➢ Risk/Return
➢ Statistics
Assetgrip – Dedicated Family Office Software
➢ Consolidated Reporting
➢ “The Big Picture”
➢ Risk Management
➢ Performance Measurement