Updated:
TOBAM
TOBAM is an SEC-registered investment adviser in Paris, registered since 2011. It manages approximately $1.1 billion in regulatory assets.
TOBAM
TOBAM is an SEC-registered investment adviser in Paris, registered since 2011. It manages approximately $1.1 billion in regulatory assets. The firm has 21 employees and 8 investment advisers.
General information
Firm type
Asset Manager
Year founded
2006
AUM
Undisclosed
Location
Region
Europe
Country
France
City
Paris
Corporate office
Paris, France
Additional offices
New York, NY, United States
Principals
Yves Choueifaty
Founder & Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at TOBAM?
Founder Yves Choueifaty serves as Chief Investment Officer and is the architect of the firm's Maximum Diversification methodology. The investment team implements the automated portfolio construction process with oversight from the CIO.
How does TOBAM's Anti-Benchmark strategy differ from minimum-volatility or smart-beta ETFs?
Most smart-beta strategies target historically measured low volatility or factor exposure. TOBAM maximizes the Diversification Ratio — the ratio of weighted average stock volatility to portfolio volatility — in real time, which systematically reduces the weight of the highest-correlation single stocks. The methodology is patented and peer-reviewed (per Journal of Portfolio Management, 2008).
Does TOBAM manage money for family offices or only institutional investors?
TOBAM's client base historically includes pension funds, insurance companies, and sovereign wealth funds in Europe. The firm's UCITS funds are also accessible to family offices through private banking channels. The firm does not operate a direct family office advisory business.
What is the known track record of TOBAM's flagship strategy?
TOBAM publishes monthly performance for its Anti-Benchmark series. The strategy has historically shown lower drawdowns than cap-weighted equivalents during market downturns (per published factsheets). The firm does not disclose composite track record outside of its periodic reporting.
Is TOBAM structured as a single family office?
No. TOBAM is a registered asset management firm headquartered in Paris, regulated by the Autorité des Marchés Financiers (AMF). It is not a family office and does not manage a single-family fortune.
Does TOBAM offer only long-only equity exposure?
The firm's primary focus is long-only equity. It also manages long-short and market-neutral versions of its Anti-Benchmark strategy for institutional mandates. The core offering remains transparent, liquid, long-only equity UCITS funds.
Where does the underlying wealth come from?
TOBAM's capital comes from institutional investors, not a single family or fortune. The firm does not disclose the ultimate beneficiaries of its mandates beyond institutional segments.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on registered investment advisers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: