EXANE ASSET MANAGEMENT

Exane Asset Management was founded in 2001 in Paris, with a single ambition: to build a specialist asset management firm entirely dedicated to generating robust, decorrelated alpha through fundamental equity expertise. From our earliest days, we positioned ourselves as pioneers of absolute return equity strategies in the European market, a time when such approaches were rare and little understood by institutional allocators. Over nearly 25 years, we have remained true to this founding vision, deliberately keeping our strategy range focused and our team compact to preserve the quality of our research and the integrity of our investment process. Today we manage €2.3 billion in assets on behalf of professional investors across Europe, comprising pension funds, insurance companies, family offices, and sovereign wealth vehicles. Our investment team of 15 portfolio managers and analysts operates as a single, deeply collaborative unit — there are no siloed desks or competing internal franchises. We believe that intellectual honesty and rigorous debate within the team are as important as quantitative models in producing superior investment outcomes. Our approach is often described as artisanal: we do not chase assets under management growth at the expense of performance, and we have consistently demonstrated the discipline to close or limit capacity in strategies when market conditions require it. We are headquartered in Paris, a city that has shaped our long-term, independent perspective on markets. Regulatory evolution, market structure changes, and macroeconomic shifts are integrated into our process as inputs, never as excuses. We exist to serve one purpose — creating lasting value for the professional investors who place their trust in us.