RWE AG

Alken is an active, pragmatic and opportunistic manager which seeks to add value by identifying companies that are selling at a discount of more than 30% relative to their intrinsic value. They invest through their funds in companies that are headquartered in Europe, have a majority of their assets or other interests in Europe, or which conduct the majority of their activity in or from Europe.The firm manages European equity portfolios, focusing on companies with a combination of high or growing ROCE and sales growth potential. They believe long term out-performance is best achieved through stock-picking and portfolio construction skills.Alken monitors equity market valuations as a comparison to their stockpicking analysis.

Sycomore AM is an active manager which follows a value, and conviction-based approach, aiming to invest in underrated stocks of companies with intrinsic value. The firm's range of funds focuses on four management expertise: European equities, absolute return, Eurozone corporate bonds and diversified management. Their management is based on a proprietary model of fundamental analysis of companies aiming to identify levers of sustainable growth, and is divided into four strategies: Sustainable Equities, Thematic Equities, Flexible Strategies and Credit Crossover SRI. The firm deployed two fund selection profiles, one balanced, the other dynamic, in line with different levels of risk. These two profiles are built in open architecture (with a minimum of 60% of third-party managers). Sycomore AM approaches the company with a responsible investment approach to investing: a minimum of 50% of selected equity funds using ESG criteria (Environment, Social, and Governance).

Eleva Capital is actively investing in European equities. The firm offers three UCITS funds namely: Eleva European Selection, Eleva Euroland Selection and Eleva Absolute Return Europe. Both Eleva European Selection and Eleva Euroland Selection aims to achieve superior long-term risk adjusted return, has medium-term time horizon and invest using bottom-up stock-picking approach. Eleva Absolute Return Europe aims to achieve an absolute return over the medium term through capital growth, it invest in equity related securities on both a long and short basis and has a differentiated and disciplined bottom up investment philosophy complemented by a macroeconomic overlay to support sector positioning.ed by a macroeconomic overlay to support sector positioning.