20120704 Ian Lancaster Performance Record

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Performance track record of Ian Lancaster CEO Reliance Asset Management Malaysia

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20120704 Ian Lancaster Performance Record

  1. 1. Reliance Asset Management (Malaysia) Sdn. Bhd. A Reliance Capital CompanyPerformance Track Record Summary – IJ LancasterFor illustrative purposes only Managed Funds 28 Feb 2002 – 12 June 2012 250 200 150 100 50 0 Oct-02 Oct-03 Oct-04 Oct-05 Oct-06 Oct-07 Oct-08 Oct-09 Oct-10 Oct-11 Feb-03 Feb-04 Feb-05 Feb-06 Feb-07 Feb-08 Feb-09 Feb-02 Feb-10 Feb-11 Feb-12 Jun-09 Jun-10 Jun-11 Jun-02 Jun-03 Jun-04 Jun-05 Jun-06 Jun-07 Jun-08 AV-UKIOF INS-UKSGF SB Fund WSF-RGSGFSource: Lipper, FTSE, Legis / Date: 12 June 2012This document includes performance data for the following funds: Return Total Annualised AV-UKIOF 110.8% 14.3%AV-UKIOF - Aviva Investors UK Income Opportunities Fund (OEIC) INS-UKSGF 27.3% 23.5%INS-UKSFG – INSYNERGY UK Shariah Growth Fund (OEIC) SB Fund 30.4% 19.4%SB Fund - Stockbridge UK Long-Short Small-Midcap Hedge Fund WSF-RGSGF 27.1% 14.7%WSF-RGSGF – Reliance Global Shariah Growth Fund (OIEC) Average 18.0% 1
  2. 2. Reliance Asset Management (Malaysia) Sdn. Bhd. A Reliance Capital CompanyAV-UKIOF - Aviva Investors UK Income Opportunities Fund (OEIC) Fund Profile and Performance OverviewThe Norwich UK Income Opportunities fund was a sub-fund of Annualised UKIOF Benchmarkthe Norwich Union ICVC (OEIC). The fund aimed to achieve a Return 14.3% 9.0%consistently high level of income, with capital growth, through Volatility 12.9% 12.7%investment in a diversified portfolio of UK equities, principally Alpha 5.3%within small and mid cap indices. The fund transferred to Morley Relative Return 4.9%Fund Management in June 2006, and was renamed to the Sharpe 1.11 0.71Norwich UK Income Opportunities fund in September 2006. A IR 0.47rigorous and structured investment process combined both TE 6.9%fundamental research and a proprietary quantitative analysisand valuation model. The fund was managed by Ian Lancaster Months 67.0 67.0over the period February 2002 to September 2007. Years 5.6 5.6For illustrative purposes only Fund Performance 28 Feb 2002 – 28 Sept 2007 250 200 150 100 50 0 Nov-02 Nov-06 Nov-03 Nov-04 Nov-05 May-03 May-04 May-05 May-02 May-06 May-07 Aug-02 Aug-03 Aug-04 Aug-05 Aug-06 Aug-07 Feb-05 Feb-06 Feb-07 Feb-02 Feb-03 Feb-04 Aviva Inv - UK Income Opportunities TR in GB FTSE All-Share TRSource: Lipper, FTSE extracted as at 12 June 2012 Monthly Analysis 28 Feb 2002 – 28 Sept 2007 15.0% 10.0% 5.0% 0.0% 1-Mar-03 1-Mar-05 1-Mar-02 1-Mar-04 1-Mar-06 1-Mar-07 1-Jun-02 1-Sep-02 1-Sep-04 1-Jun-05 1-Sep-06 1-Jun-07 1-Jun-03 1-Sep-03 1-Jun-04 1-Sep-05 1-Jun-06 1-Sep-07 1-Dec-03 1-Dec-05 1-Dec-02 1-Dec-04 1-Dec-06 -5.0% -10.0% -15.0% Aviva Inv - UK Income Opportunities TR in GB FTSE All-Share TRSource: Lipper, FTSE extracted as at 12 June 2012 2
  3. 3. Reliance Asset Management (Malaysia) Sdn. Bhd. A Reliance Capital CompanyINS-UKSFG – INSYNERGY UK Shariah Growth Fund (OEIC) Fund Profile and Performance OverviewThe INSYNERGY UK Shariah Growth fund was launched in Annualised INS-UKSGF BenchmarkOctober 2008 in partnership with Islamic investment bank Gulf Return 23.5% 23.3%Finance House and INSYNEGY Investment Management. The Volatility 12.7% 14.1%fund aimed to achieve a consistently high level of capital growth, Alpha 0.2%through investment in a diversified portfolio of Shariah- Relative Return 0.2%compliant UK equities. The investment strategy built on and Sharpe 1.85 1.66developed the disciplined quantitative analysis and valuation IR 0.00models used by Ian Lancaster whilst managing the Avivia Tracking Error 5.0%Investors UK Income Opportunities OIEC. The fund was managedby Ian Lancaster, assisted by Paul Bethell for the period October Months 12.0 12.02008 to November 2009. Years 1.0 1.0For illustrative purposes only Fund Performance 31 Oct 2008 – 27 Nov 2009 140.0 130.0 120.0 110.0 100.0 90.0 80.0 INS-UKSGF S&P UK Shariah TR (GBP)Source: Lipper, Standard & Poor’s, the process of closing the fund began on the 1 Nov 2009 before final closure on the 27 Nov 2009.Data extracted as at 12 June 2012 Monthly Analysis 31 Oct 2008 – 27 Nov 2009 8.0% 6.0% 4.0% 2.0% 0.0% Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 -2.0% -4.0% -6.0% INS-UKSGF S&P UK Shariah TR (GBP)Source: Lipper, Standard & Poor’s, the process of closing the fund began on the 1 Nov 2009 before final closure on the 27 Nov 2009.Data extracted as at 12 June 2012 3
  4. 4. Reliance Asset Management (Malaysia) Sdn. Bhd. A Reliance Capital CompanySB Fund - UK Long-Short Small-Midcap Hedge Fund Fund Profile and Performance OverviewThe Stockbridge fund targeted capital growth at low levels of Total Return 30.4% 16.4%volatility. The investment universe, comprising the FTSE 250 Annualised Return 19.4% 10.7%and FTSE Small Cap indices, was filtered using a proprietary Volatility 5.2% 4.0%quantitative model based on an extension of the approach Excess Return 8.7%employed in the management of the UK Income Relative 7.9%Opportunities OEIC. The fund targeted annualised returns of Sharpe 2.9 1.5between 10-12 percent via a diversified portfolio of ~50-60 Sortino Ratio 5.2 1.6stocks. Market risk was mitigated via short positions, withmarket exposure averaging ~35 percent of NAV. The fund was Annualised Alpha 10.0%managed by Ian Lancaster for the period Sept 2004 to March2006.For illustrative purposes only Fund Performance and Statistics 30 Sept 2004 – 31 March 2006 135 Performance SB Fund Benchmark 130 Mthly Return Geo 1.5% 0.8% 125 -ve Deviation 0.3% 0.5% 120 Average +ve 1.9% 1.3% 115 Average -ve -0.7% -1.2% 110 +ve months 15 15 105 -ve months 3 3 100 % +ve months 83% 83% 95 Max mthly loss -1.0% -1.6% 90 Months 18.0 18.0 Years 1.5 1.5 SB Fund 250 / Smallcap 50:50 Mix Beta Net AdjSource: Lipper, FTSE extracted as at 12 June 2012 Monthly Analysis 30 Sept 2004 – 31 March 2006 6.0% 5.0% 4.0% 3.0% 2.0% Beta 1.0% Alpha 0.0% -1.0% -2.0% -3.0%Source: Lipper extracted as at 12 June 2012 4
  5. 5. Reliance Asset Management (Malaysia) Sdn. Bhd. A Reliance Capital CompanyStockbridge – UK Long-Short Small-Midcap Hedge Fund Monthly Gross & Beta Adjusted Net 30 Sept 2004 – 31 March 2006 70% 200% 180% 60% 160% 50% 140% 40% 120% 100% 30% 80% 20% 60% 40% 10% 20% 0% 0% Beta Adj Net Gross (RHS)Source: Lipper, FTSE extracted as at 12 June 2012 5
  6. 6. Reliance Asset Management (Malaysia) Sdn. Bhd. A Reliance Capital CompanyWSF-RGSGF – Reliance Global Shariah Growth Fund (OIEC) Fund Profile and Performance OverviewThe WSF Reliance Global Shariah Growth Fund aims to achieve Key Datalong-term capital growth via a portfolio of actively managed Manager Argyll Inv Services Ltd.Shariah-compliant equities, which may be located in any Shariah Advisor CIMB Islamic Bank Bhd.jurisdiction or in any economic sector and quoted on a Focus GlobalRecognised Stock Exchange. The fund applies a disciplined Custodian State Street Trusteesinvestment methodology called ‘Cognition’. The fund was Benchmark S&P Developed BMI Shariahlaunched on the 17 August 2010 – this factsheet presents Inception Date 17-Aug-10simulated performance data prior to this date. The fund is Bloomberg WLRGSIU GUmanaged by Ian Lancaster, assisted by Paul Bethell. SEDOL B4Q85X3 Fund Manager Ian Lancaster VP Investment Paul BethellFor illustrative purposes only Simulated and Actual Fund Performance 31 Jan 1997 – 12 June 2012 600 Annualised RGSGF Benchmark Simulated Actual Return 10.6% 5.2% 500 Volatility 16.9% 17.0% 400 Alpha 5.3% Relative Return 5.1% 300 Sharpe 0.62 0.31 IR 1.17 200 TE 4.3% 100 Months 184.0 184.0 0 Years 15.3 15.3 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-09 Jan-10 Jan-11 Jan-12 Jan-97 Jan-98 Jan-99 Jan-08 RGSGF S&P Developed BMI Shariah USD TRSource: Legis, Standard & Poor’s, Reliance Asset Management Malaysia Sdn. Bhd as at 12 June 2012 Actual Fund Performance since Launch 17 August 2010 – 12 June 2012 140 Annualised RGSGF Benchmark 135 Return 16.7% 12.5% 130 Volatility 12.1% 12.9% 125 Alpha 4.2% 120 Relative Return 3.7% 115 Sharpe 1.38 0.97 110 IR 1.60 105 TE 2.4% 100 95 90 Years 1.8 1.8 Oct-10 Oct-11 Aug-10 Apr-11 Aug-11 Apr-12 Feb-11 Feb-12 Jun-11 Dec-10 Dec-11 RGSGF S&P Developed BMI Shariah USD TRSource: Legis, Standard & Poor’s, Reliance Asset Management Malaysia Sdn. Bhd., Data as at 12 June 2012 6
  7. 7. Reliance Asset Management (Malaysia) Sdn. Bhd. A Reliance Capital CompanyReliance Global Shariah Growth Fund vs. Morningstar Global Category as at 30 June 2012 – Islamic Global Equity,Total No. of Investments 67.Vs. Shariah- Launch to date Year to date Year 2011compliant Global (annualized)Equity FundsInvestment (TR %) 13.37 7.20 3.90Benchmark (TR %) 11.09 3.03 -2.41Peer Median (TR %) 8.23 -0.25 -4.99Peer Rank 2 2 1% of Peers Beaten 98 97 100Reliance Global Shariah Growth Fund vs. Morningstar Global Category as at 30 June 2012 - Global Equity, Total No.of Investments 3485.Vs. Global Equity Launch to date Year to date Year 2011Funds (annualized)Investment (TR %) 13.37 7.20 3.90Benchmark (TR %) 11.09 3.03 -2.41Peer Median (TR %) 5.93 -5.30 -9.52Peer Rank 152 158 119% of Peers Beaten 94 94 96Source: Morningstar, 3 July 2012DisclaimerThis presentation has been prepared by Reliance Asset Management (Malaysia) Sdn Bhd (“RAMMy”) and is solely forinformation only. It may not be copied, published, circulated, reproduced or distributed in whole or part to any person withoutthe prior written consent of RAMMy. In preparing this presentation, RAMMy has relied upon and assumed the accuracy andcompleteness of all information available from public sources or which was otherwise reviewed by RAMMy. Accordingly, whilstwe have taken all reasonable care to ensure that the information contained in this presentation is not untrue or misleading atthe time of publication, we cannot guarantee its accuracy or completeness and make no representation or warranty (whetherexpress or implied) and accept no responsibility or liability for its accuracy or completeness. You should not act on theinformation contained in this presentation without first independently verifying its contents.Any opinion, management forecast or estimate contained in this presentation is based on information available as at the date ofthis presentation and reflects prevailing conditions and our views as of the date of this presentation, all of which are subject tochange at any time without notice. Such opinions, forecasts and estimates as well as the information contained herein relating tothe historical performance of various indices is for information only and is not indicative of the future or likely performance of aninvestment portfolio and should not be construed as such. RAMMy and its related and affiliated corporations together withtheir respective directors and officers may have or may take positions in the investments mentioned in this presentation andmay also perform or seek to perform broking and other investment services for the corporations whose securities are mentionedin this presentation as well as other parties. This presentation is not an offer or solicitation by anyone in any jurisdictions or toany person to whom or to which it is unlawful to make such an offer or solicitation.The historical performances presented are not indicative of the future or likely performance of an investment portfolio andshould not be construed as being indicative of or otherwise used as a proxy for future or likely performance of the investmentportfolio. The price of units and distributions payable, if any, may go down as well as up. 7
  8. 8. Reliance Asset Management (Malaysia) Sdn. Bhd. A Reliance Capital CompanyRisk StatementThese are some of the major risks of investments a potential investor should consider carefully. Our strategy is not intended as acomplete investment programme. The risks include but not limited to investment risk, stock specific risk, sector risk, country risk,currency risk, liquidity risk and risk of Shariah non-compliance.There is also a potential conflicts of interest risk: -i) Management RAMMy provides management services to other clients. The investment strategies employed for other investment funds could conflict with the investment fund/portfolio employing the Strategy outlined in this presentation. This may affect the prices and availability of the investments in which the fund/portfolio using the said Strategy. RAMMy has policies in place where participation in investment opportunities will be allocated on an equitable basis, taking into account such factors as the relative amounts of capital available for new investments, relative exposure to short-term market trends, and the respective investment policies of other investment portfolios.ii) RAMMy, Custodian, Administrator, Shariah Advisor RAMMy, its officers, employees or associates, and the Custodian, Administrator and the Shariah Advisor may from time to time provide services to, or be involved with, other investment fund/ portfolios established by parties other than RAMMy which may have similar objectives to those of the investment fund/portfolio employing the said Strategy. As such, it is possible that any of them may, in the course of business, have potential conflicts of interest with the investment fund/portfolio using the Strategy. However, the Custodian, Administrator and Shariah Advisor will, at all times, uphold its obligation to act in the best interests of the investment fund/portfolio and RAMMy will ensure that all such potential conflicts of interest are resolved fairly and in the interests of investors/clients. 8

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