Prestigious award for customised Asian LDI solution
BNP Paribas Investment Partners has won the prize for "Institutional Product / Strategy of the Year" in Asian Investor's 2013 Investment Performance Awards. We won the award for an innovative liability-driven investment (LDI) strategy that we tailored to meet the exact needs of one of our large institutional clients, an Asian life insurance company.
What was the background to this award? Our client came to us in early 2012 as it needed to generate a stable return in excess of its liabilities so that it could meet its future financial obligations to its policyholders. Our response was to set up a complete solution to its overall needs, including improving its asset allocation process and providing advice on how to improve its systems. We adopted an LDI approach to analyse its liability profile, determined strategic and tactical asset allocations, and helped with the manager selection process. Robust risk management was an integral part of our solution, and we also train our client's staff on all aspects of the LDI and asset allocation processes on an ongoing basis to ensure that the solution is successfully implemented over the long term.
TKB BNP Paribas Investment Partners ranks as the third-largest asset manager in Russia
This was the result of some impressive inflows: TKB BNPP IP's AUM rose by 61% in rouble terms between the beginning of 2012 and the end of March 2013, hitting USD 5.2 billion. Assets in our Russian unit investment funds rose by 80% to USD 0.5 billion, while assets under advice for international investors rose by 39% to USD 2.6 billion.
This increase in our assets under management came on the back of a very successful 2012 for TKB BNPP IP, in which:
- our Russian unit investment funds led the “Investfunds” performance ratings many times
- seven of our analysts and portfolio managers were ranked among Russia’s top ten buy-side professionals in the 2012 Thomson Reuters Extel Survey
- BNP Paribas L1 Equity Russia, our flagship Russian equity fund for international investors, became the world’s largest Russian equity fund**
- we became a leader among Russia’s top 20 money managers, according to Institutional Investor Magazine
- TKB BNPP IP became the only Russian asset manager to comply with Global Investment Performance Standards (GIPS ®).
"Russia in the spotlight" Q1 2013 report is out now.
In this full report in attached file:
- Development update: financial market infrastructure
- Changes in oil and gas taxation
- Privatisation progress
- Q1 2013 macroeconomic results
