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Active management and bottom-up research are at the heart of our approach to delivering sustainable value.

Since our founding, active management has been a central part of our philosophy. Using a holistic bottom-up approach, we assess the quality and earning power of individual companies and issuers – through fundamental, corporate and credit analysis. Our evaluation of each investment’s risk-return profile forms the basis for our security selection, enabling us to balance capital preservation with growth potential.

Our portfolios are built on well-founded investment decisions, guided by a transparent and disciplined process. We complement our fundamental analysis at the single-security level with top-down insights into global economic and market trends. Macroeconomic analysis helps us to anticipate shifts in interest rates, monetary policy or geopolitical developments – and to incorporate these findings into our portfolio allocation. This enables us to seize opportunities and manage risks proactively. In addition, risk management is an integral part of our process. We monitor potential risks on an ongoing basis – especially during challenging market phases.