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Fisch Asset Management, the Zurich-based asset manager specialising in convertible bonds, corporate bonds and absolute return solutions, reported assets under management of CHF 10.9 billion (EUR 10.3bn) as of 30 June, representing a 3% increase on the year to date. In addition to positive inflows, the business also reported solid performances across all product areas.
Active management pays off once again
Despite the challenging macroeconomic climate, Fisch maintained stability across its core business areas of portfolio management and accompanying services over the period. All products performed well as a result of the asset manager’s established processes and high degree of flexibility, while its active investment solutions and close collaboration with clients led to new money inflows. Growth in client assets, even during such unprecedented times, reflects Fisch’s investment philosophy, which is geared toward long-term success.
Absolute return strategies were particularly successful over the period, with Fisch combining its con-vertible and high yield bond expertise with portfolio stabilising components. Commenting, CEO Juerg Sturzenegger, said: “As with our other products, active management has once again paid off for our absolute return strategies during the current crisis period. I am very pleased to have reached the CHF 1 billion milestone for assets under management within the absolute return offering, particularly given the demanding market environment.”
A robust foundation through modern technology
Investment in Fisch’s technical infrastructure over the last three years has proven invaluable during the current crisis. Sturzenegger added: “Our modernised infrastructure ensures smooth delivery of service in terms of both mobility and business continuity. The flexibility and stability provided by the ongoing development of our technology and our increased use of cloud services in recent years has helped us overcome current challenges.”