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Rothschild Asset Management

PRI reporting framework 2018

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Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

% of assets under management (AUM) in ranges

% of assets under management (AUM) in ranges

Further options for investment managers (may be selected in addition to the above)

01.2. Please describe your hedge fund strategy and classification [OPTIONAL]

Options presented for fund of hedge funds:

01.3. Additional information. [Optional]


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

France

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

164 FTE

02.4. Additional information. [Optional]

Rothschild Asset Management is the asset management company of Rothschild & Co Group.

Rothschild Asset Management was  created in July 2017 through the combination of the Asset Management activities of Rothschild & cie Gestion and Martin Maurel Gestion.

Rothschild Asset Management is a limited partnership chaired by a College of General Partners. This legal form implies that the limited partners are jointly and fully accountable for the firm’s liabilities on their personal wealth.

History of the firm

The Group has been developing asset management activities for third parties since 1982, when the Rothschild family relaunched its banking activities in France following the nationalisation of Banque Rothschild in 1981.

Since then, asset management and wealth management activities have grown strongly, thanks to a dynamic organic growth and some targeted acquisitions:

In 2001, the Group strengthened in wealth management with the acquisition of SOGIP, an independent bank with family-owned capital.

In 2010, the service platform activities (Selection R) for independent advisors were divested to focus solely on funds and mandates management for institutional investors, funds pickers, wealth clients and wealth management advisors.

In 2011 and 2012, the alternative management activities, already started in early 1993, were reinforced with the acquisition of Héritage Asset Management and then HDF Finance, enabling the Group to position itself among the leaders in alternative investment solutions in open-architecture.

In June 2016, the Rothschild and Maurel families announced the merger of the two respective holding companies, Rothschild & Co and Compagnie Financière Martin Maurel, in order to create one of France’s leading independent private banks.

In 2017, the asset management (Rothschild Asset Management) and the Private Banking (Rothschild Martin Maurel) activities were separated on the occasion of the merger of the two groups.


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

=> Until 2017, we included in our PRI reports the assets of the Private Banking. According to the reorganization of the capital structure of the Group, operated in 2017, following the merger with Martin Maurel activities, we decided to exit the Private Banking assets out of our UNPRI reporting scope.

We discussed with our French PRI contacts about this topic before answering the 2018 PRI Questionnaire and are ready to provide you additional informational if requested to justify this change in our reporting methodology.

=>Please note that Rothschild Merchant Banking (Five Arrows), a subsidiary of Rothschild & Co (our parent company), is a Signatory to the PRI on their own.

 


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2017

04.2. Indicate your total AUM at the end of your reporting year, Exclude subsidiaries you have chosen not to report on and any advisory/execution only assets.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the total assets at the end of your reporting year subject to an execution and/or advisory approach.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]

Three types of SRI processes are co-existing within our portfolio management expertises:

- Most of our directly managed funds follow a comprehensive process relying on (i) exclusions of companies that do not comply with the Oslo and Ottawa Treaties and a number of fundamental principles, (ii) the monitoring of the portfolio's ESG rating and carbon intensity (with a common minimum portfolio rating objective) and (iii) a commitment policy, etc.

- Some of our directly  managed funds follow a streamlined process: (i) compliance with the Oslo and Ottawa treaties and (ii) construction of an ESG reporting (calculation of the portfolio ESG rating and carbon intensity)

- A part of our alternative investment funds (long only fund management / we thus decided to exclude from our UNPRI reporting perimeter a part of our alternative investment funds) follows an ESG process: (i) compliance with the Ottawa and Oslo exclusions, (ii) ESG questionnaires sent to fund management companies we invest in to check their ESG practices and (iii) construction of ESG reporting tools (calculation of the portfolio rating and carbon intensity).


OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 10-50% 37 0 0
Fixed income 10-50% 49 0 0
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 10-50% 11
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Other (1), specify 0 0 <10% 3
Other (2), specify 0 0 0 0

'Other (1)' specified

          Fund of funds
        

06.2. Publish asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Private)


OO 09. Breakdown of AUM by market (Private)


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