Switzerland’s Fisch Asset Management’s chief executive indicated the firm would be hiring in 2021 to support its growth after a successful year in 2020.
The Zurich-based manager increased assets under management (AUM) by 10% in the past 12 months.
Fisch - which specialises in convertible bond, corporate bond and absolute returns - said AUM reached 11.8 billion Swiss francs (€10.9 billion).
Active risk management meant the firm’s absolute return strategies minimised losses during the market correction in the first quarter of 2020, while participating “substantially” in the subsequent recovery. The Absolute Return Multi Asset strategy achieved a full-year gross return of 13.8% in a hedged euro share class and an increase in AUM to € 1.7 billion.
Fisch said investment grade bonds had seen “considerable client interest” and that its Convertible Global Dynamic strategy, which invests in convertible bonds, achieved over 30%.
Chief executive Juerg Sturzenegger indicated the firm would hire more people this year.
"In portfolio management, we will create additional capacity through the continued development of the infrastructure of the firm, as well as through personnel expansion to maintain the growth course we have embarked upon. It is our ambition to continuously optimise the quality of our services by enhancing our professional expertise on an ongoing basis."
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