iM Global Partner (iMGP) has announced that Banque Hottinguer has selected New York-based Richard Bernstein Advisors (RBA) as a partner to launch and manage an asset allocation fund based on its core strategy, which has been in operation for 15 years.
Richard Bernstein Advisors is a recognized asset allocation specialist that combines top-down macroeconomic analysis with portfolio construction driven by quantitative models, using ETFs to express its views.
This launch demonstrates the interest of international investors in RBA’s sub-advised solutions and the ability of iM Global Partner to create a strategy that reflects the allocation needs of European investors.
The fund was exclusively designed by RBA and iM Global Partner for Banque Hottinguer, catering to the specific needs of its private and institutional investors. The multi-asset portfolio is composed of ETFs with exposure to global equities, euro-denominated bonds, and a small portion of commodities. “RBA seeks to generate alpha by identifying global investment styles and themes where they believe there are disparities between fundamentals and sentiment. This is very different from the traditional bottom-up approach, which aims to generate alpha through individual stock selection,” they explain.
“This partnership with iM Global Partner and RBA allows us to offer our clients unique access to international management with a center of gravity in the U.S. This solution, based on a Pactive® investment approach (active management of passive investment vehicles, ETFs), is supported by a combination of macroeconomic analysis and profit cycle research that has proven its strength and performance throughout cycles,” said Laurent Deydier, Deputy CEO of Banque Hottinguer.
Richard Bernstein, CEO and CIO of RBA, commented: “We are particularly honored to be selected by Banque Hottinguer, a historic and renowned institution, for the design of this new product. This materializes our partnership with iM Global Partner and strengthens our presence in the European market as asset allocation experts.”
Regarding RBA, the company was founded by Richard Bernstein, a former Chief Investment Strategist at Merrill Lynch & Co and a recognized expert in equities, styles, and asset allocation, with more than 40 years of experience on Wall Street. Many of the highly experienced members of the investment team have worked with Richard since his time at Merrill Lynch & Co.
“We are delighted to work with Banque Hottinguer on this project and believe it demonstrates our ability to develop new strategic partnerships and innovate through new investment solutions,” concluded Julien Froger, Managing Director – International Distribution at the firm.