Dubai: Fisch Asset Management, the Zurich-based asset manager specialising in corporate and convertible bonds, has announced that it surpassed $10 billion (D36.7 billion) in assets under management (AUM) in the first half of 2017.
“We are thrilled with this progress. An increase in AUM is important evidence of an asset manager’s success, and shows that we offer the right solutions to our clients’ needs,” said Philipp Good, CEO of Fisch Asset Management.
As at June 30 2017, assets under management were $10.6 billion, having risen by $642 million since 31st December 2016, equating to 6 per cent growth.
“This growth is spread across several strategies. Our high yield strategy has generated considerable interest. On the one hand, this is attributable to higher yields sought by investors in the bond segment. On the other, it is because our fund managers have been able to generate attractive returns, despite maintaining a defensive approach that largely avoids the riskiest parts of their segment,” Good said.
Knowledge sharing
Specific activities for the Middle East included Fisch hosting a 3-day credit workshop in Zurich in May for its partners in the region. It was the second such event, repeated following the resounding success of the inaugural workshop in 2016.
“We understand how important knowledge sharing is in the region and we are keen to do our part. Speakers at the workshop shared their insights on credit research, including specific Middle East case studies, and on risk management and trading with regards to credit portfolios specifically. Based on participants’ feedback, this type of interactive event was highly useful to them,” he added.
