José Antonio Blanco is now serving in a new position at Swiss Life Asset Management AG

Jul 03, 2018
Board and Executive Moves
Background Information
SLAM adapts their investment style to the portfolio they manage, either the group's insurance assets or third-party institutional assets. They are long-term investment managers and generally use a 'core equity' investment style with valuation-based stock selection, actively steering country and sector exposures, style bias (value/growth) and capitalization tilts (small/mid/large caps).Strategic asset allocation is top-down and risk-determined. Periodical short-term tactical asset allocation reviews are determined by currency, market and economic changes. The investment process combines a top-down framework and bottom-up stock picking.SLAM's research is predominately quantitative. Research and management are shared within the group, with sister offices and fellow subsidiaries contributing local investment expertise. The firm's quantitative screens are based on GARP metrics.The firm invests globally in equity and fixed-income, focusing on European markets. They manage large quantitative portfolios of global equity and debt, with the bulk of their holdings in large-cap equity. The firm actively manages the top portfolio holdings.The bulk of the insurance assets is invested in fixed income, complemented by loans, real estate, mortgages and alternative investments. Exposure to equity is kept minimal. The firm seeks to reduce risk by managing highly diversified portfolios. Asset allocation is determined through risk analysis, subordinate to economic considerations.