Expertise and Independence

> Arca SGR:
Expertise and Independence
A
rca Sgr SPA, founded in 1983
by 12 “Popolari” banks, is an
asset management company also
authorised to manage individual
portfolios of institutional clients. The
distinctive feature that distinguishes Arca SGR
is its independence: none of the company’s
shareholders exercises full control. As of
December 31, 2015, Arca SGR’s shareholder
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structure is as follows:
•BPER Banca s.c. - 32,7 %
•Banca Popolare di Sondrio Soc. Coop. p.a. 21,2%
•Banca Popolare di Vicenza S.c.p.a. - 20 %
•Veneto Banca - 20%
•Others - 6,1%
asset management companies operating in Italy.
Assets under management amount to €30 billion:
•€25 bn mutual funds – market share 4%
•€3 bn Arca Previdenza Open Pension Fund –
market share 20%
•€2 bn under management for institutional
clients
Today, Arca SGR is one of the leading independent
Institutional asset under management are assets
CFI.co | Capital Finance International
Spring 2016 Issue
held by pension funds (contractual and preexisting), retirement funds, foundations, banks,
large companies; insurance companies, other
mutual funds and Sicavs.
GOVERNANCE
Arca SGR was one of the first asset management
companies to adopt the Protocollo di Autonomia
drawn up by Assogestioni, the Italian
association of asset managers. The protocol
aims to implement a sound and adequate
company framework to manage conflicts of
interest and thus protect subscribers and
safeguard management decisions.
Continuity and autonomy in operations and
governance serve as a guarantee that the
protection of the clients’ interests will always
remain Arca SGR’s objective and priority.
BRAND RECOGNITION
With one of the largest distribution networks
in the Italian asset management industry, and
a long-standing and well-established brand
presence in the marketplace, Arca SGR is
ranked by Italian investors as one of the Italy’s
best known asset managers.
Over time, the company has also developed
strong ties with customers. With a highly
innovative product range and the introduction
of multimanager solutions, Arca SGR has
succeeded in satisfying the changing needs
of Italian investors, developing business with
clients in numerous distinct market segments.
DISTRIBUTION NETWORK
Arca SGR can count on a vast distribution
network – one of the most important and
extensive of its kind in Italy, that allows the
company to distribute its products across the
entire country. The network is made up of over
120 institutions, all fully regulated by the
country’s financial market authority, operating
through more than 8,000 branches, and teams
of independent financial advisors, in addition
to on-line channels.
“Arca SGR can count on a vast distribution network
– one of the most important and extensive of its
kind in Italy, that allows the company to distribute
its products across the entire country.”
CFI.co | Capital Finance International
AWARDS
In recent years, Arca SGR has received
several awards in recognition of its corporate
excellence.
•Il Sole 24 Ore Premio Alto Rendimento –
Arca SGR – Fondi Italiani BIG, Miglior Gestore,
2012, 2013, 2014, 2015
•Morningstar Fund Awards - Arca Obbligazioni
Europa – Miglior fondo della categoria Bilanciati
Prudenti, 2015
•European Funds Trophy – Arca SGR – Best
Italian Asset Managers 8 to 15 Rated Funds,
2014, 2015
•Milano Finanza Insurance & Previdenza
Awards – Arca Previdenza, Premio Tripla A
2015
ASSET GROWTH
•Acquisition of OPTIMA OICRs (AuM €927
million)
81
“With a highly
innovative product
range and the
introduction of
multimanager
solutions, Arca SGR
has succeeded in
satisfying the changing
needs of Italian
investors, developing
business with clients
in numerous distinct
market segments.”
CEO: Ugo Loser
gathered experience in investment banking
and management consulting at a number of
companies, such as:
•Promoter and sole shareholder of EigenV
Partners
•Director at Finlabo SIM and Banknord SIM
•Partner at Bain & Company Italy (promoter of
asset and risk management)
•Senior strategist for the European derivatives
market on fixed income at Paribas
•Executive director fixed income research at
Goldman Sachs International
Mr Loser is a member of the executive board of
Assogestioni.
Chairman: Guido Cammarano
•Acquisition of VEGAGEST OICRs (AuM
€540million), BPVI OICRs (AuM €793 million),
and institutional mandates (AuM €1,074
million)
•Complete acquisition of CARIGE OICRs (AuM
€3,260 million), pension fund (AuM €422
million), and investment advisory on segregated
account. This deal added a new distributor of
Arca products, Gruppo Banca Carige with more
than 600 branches in Italy.
Arca SGR aims to create significant addedvalue for its customers on a continuous basis.
The company manages broadly style-neutral
portfolios in order to deliver consistently good
long-term performance comparable with
benchmarks and total return portfolio according
to its proprietary risk parity methodology.
Arca SGR maintains a separate department for
local, institutional, and pension investments.
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Arca SGR manages:
•Traditional products and mandates – the
allocation involves the balancing of investments
between different asset classes
•Total return products and mandates – regardless
of the trend of the financial markets, these
products, with limited volatility, are aimed at
achieving a positive return over a predefined
time horizon
•Products employing the multi-strategy multimanager approach – these products incorporate
innovative strategies not directly correlated to
the trend of the traditional equity and bond
markets
THE MANAGERS
Ugo Loser – CEO and general manager of Arca
SGR since 2011
Mr Loser obtained a degree in Economic
and Social Sciences from the Bocconi
University of Milan. Prior to joining Arca, he
CFI.co | Capital Finance International
Guido Cammarano – Chairman of the Arca SGR
board of directors (since 2008)
Mr Cammarano obtained a law degree from the
Sapienza University of Rome. Previously, he has
worked at CNEL (State Institute of Economy
and Labour), IMI, CNEN (National Nuclear
Energy Commission), and the legal department
of the Bank of Italy where he rose to the level
of deputy chief lawyer in charge of banking
supervision.
Mr Cammarano has been secretary-general
and president of Assogestioni and, at the
term of his office, was appointed chairman
emeritus. He has been member of the board of
directors of the Banque Générale du Commerce
(Gruppo Cassa di Risparmio di Roma), Cassa di
Risparmio di Loreto, and chairman of the Cassa
di Risparmio di Orvieto. i