Our financial asset management model is predicated on our independence and on the search for absolute returns via correct asset portfolio allocation and a rigorous risk management process. We have continued to consolidate these principles and to extend the range of assets selected to enhance diversification and mitigate correlation to the equity and bond markets. 

Our diversified growth investment philosophy consists of (i) investing in a broader range of assets to obtain access to sources of risks other than those presented by traditional asset classes and (ii) employing specialist managers with complementary investment styles to generate higher long term returns independent of any one particular style. 

To manage the impact of the various sources of risk on the portfolio, we have set up a series of careful and consistent investment guidelines that rely on sophisticated, quantitative risk control tools. In order to select the best vehicles and managers in each category, we collaborate with first class international entities specialised in various asset classes, in this way ensuring the most professional and efficient implementation of our open architecture approach, emulating the biggest international institutional investors. 

At 31 December 2008, N+1 managed and/or advised 27 portfolios and 11 SICAVs, with aggregate (including the funds) AuM of €395mn.