Fisch Asset Management carries momentum into 2017
Fisch Asset Management, the Zurich-based independent asset management boutique, can look back on a lively year for their bond strategies.
While high volatility and large regional differences in various investment areas created a challenging environment in 2016, volatile markets offered interesting profit opportunities, allowing to Fisch generate attractive returns with its corporate bond funds, resulting in sizable inflows. Fisch also attracted significant mandates for its multi-asset strategies.
"The increase in assets under management to $9.4 billion as well as the net new money growth of $545 million showed that we attract healthy demand for our investment solutions even in a challenging market environment. We are very satisfied with this result and are carrying momentum into 2017. The systematic expansion of our credit expertise and our corporate bond strategies in recent years has been successful. For example, our recently launched opportunistic emerging market corporate bond strategy in hard currencies is seeing steady inflows," said Philipp Good, co-CEO of Fisch Asset Management.
Fisch further expanded its portfolio management team in its three core strategies in 2016, welcoming experienced experts Kyle Kloc, in high yield, Robert Koch, in multi asset, and Filip Adamec in convertible bonds.
"In terms of our leadership structure, we have laid strong foundations for the future to enable us to continue pursuing sustainable organic growth as an asset management boutique. Juerg Sturzenegger and Philipp Good, our former Head of Convertible & Corporate Bonds, took leadership of the Company on 1 January 2017. They are tasked with further strengthening evolving structures at Fisch, as well as with forging ahead with our corporate development. Apart from eyeing business success, we are especially focusing on upholding our distinct culture of transparency and entrepreneurship in order to remain an appealing employer and attract new talents,” said Pius Fisch, Chairman of the Board of Directors.
Looking to the future, Good added that while Fisch foresees a challenging environment in 2017, there will also be good opportunities for credit strategies, thanks to the company’s strengthened personnel, comprehensive credit expertise, and its clear focus on existing investment strategies, Fisch is in great shape to move forward. In an environment with rising interest rates and equity prices owing to stronger economic growth, and accompanied by higher volatility, our convertible bond strategies could also attract increasing attention from long-term investors.