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Growth in 2017 was largely driven by inflows into Multi Asset and High Yield strategies, and by the strong performance of almost every strategy / Structural and technological enhancements cement growth trajectory
As at 31 December 2017, Fisch Asset Management, the Swiss specialist in corporate and convertible bonds, recorded assets under management of CHF 10.59 billion. “We are very satisfied with our twenty-third year of business, both in terms of the performance of our strategies and the level of client interest,” said Philipp Good, CEO.
CHF 10.59 billion in assets under management at the end of 2017 represents an increase of approximately CHF 1 billion from 31 December 2016. “We have held up very well in the highly competitive institutional market. The greatest demand and related inflows for our investment solutions were in the high yield bond and multi-asset segments,” remarked Good.
2017 saw risk assets such as equities do well once again – with extremely low volatility to boot. “As active managers, who take risks in a very considered way, this environment was all the more challenging for us to navigate successfully to generate outperformance. We are therefore particularly pleased to have accomplished this, and to see around three quarters of our strategies now ahead of their benchmarks on three and five-year time horizons. In 2017, it was nine out of ten,” Good said.
The strategic succession plan, initiated with the appointment of joint CEOs at the beginning of 2017, is now well established. Co-founder Pius Fisch remarked: “As CEOs, Philipp Good and Juerg Sturzenegger have met our high expectations in full. We know the company’s management is in very good hands, and I was thus able to step down from the Executive Committee on 1 January 2018 as planned. As we look forward to the challenges the future will bring, my brother and I will continue to serve the company, Kurt on the Board of Directors and in portfolio management, and I as Chairman of the Board and in Legal & Compliance.”
CEO Juerg Sturzenegger looks to the year ahead with great expectations: “We are implementing new processes, and continuing to develop our corporate structure and technology in order to stay on our successful growth trajectory. In particular, this includes substantial investments in our IT infrastructure, where we are bringing in leading technology partners in areas from data management to artificial intelligence. This agenda will boost the efficiency and performance of every department in the company. On the product front, we plan to continue building our portfolio management and research capabilities, and to undertake a targeted sales expansion beyond our current core markets.”