Asset ManagerRIA · CRD 157107SEC-RegisteredPrivate Fund Adviser

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TOBAM

TOBAM is an independent, employee-owned asset management company offering innovative investment capabilities. It is a research-driven asset manager whose...

TOBAM

TOBAM is an independent, employee-owned asset management company offering innovative investment capabilities. It is a research-driven asset manager whose flagship Maximum Diversification approach provides diversified core exposure in equity and fixed income markets. The firm also offers LBRTY to mitigate exposure to autocratic regimes, Bitcoin-related strategies under ₿TOBAM, and bespoke solutions via TOBAMSolutions. It manages equities, fixed income, multi-asset and digital assets strategies.

General information

Firm type

Asset Manager

Year founded

2006

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

Quantitative FinanceEquity Long/ShortRisk ManagementDiversification

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).

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.

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.

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