Workshops
Workshops
Value Investing in bonds: What is the secret and recipe for a solid short- and long-term outperformance?
Since inception in December 2008 the ACATIS IfK Value Renten fund has made 122,8%. In 2023 +10,1% and YTD +6,1% (30.06.2024). *
Value Investing in equities is a well-known strategy to investors, but what is Value Investing in bonds?
During the presentation we want to share with you our process, provide 2 examples from our top 10 positions and explain what motivation is behind a purchase or a sell.
*Inception of the fund 15.12.2008, share class A in Euro. Data as of 30.06.2024.
Workshop Objectives: We want you to understand how we work and how we manage to find the right bonds supposedly at the right time. You will get an insight of the top regions, sectors and niches to invest in for 2025.
Company Profile: ACATIS Investment KVG mbH, with headquarters in Frankfurt am Main, Germany, is an independent fund boutique. The company specializes in “value investing” based on the model of Benjamin Graham and Warren Buffett. ACATIS was established in Germany in 1994. It has been represented with a branch in Switzerland since 2007.
The ACATIS approach is calm and well considered, underpinned by in-depth statistical and mathematical analysis based on scientific research. We do not base our stock-picking decisions on good feeling. Our portfolios are focused and characterized by long holding periods.
ACATIS offers value investing in equity funds, balanced funds, value-sustainability funds and value bond funds. Since October 2016, ACATIS offers equity funds based on artificial intelligence. AuM EUR 11.6 billion (as of June 2024).
Speakers
Martin Wilhelm
Fund Advisor
Martin Wilhelm is the founder and the investment manager of IfK - Institut für Kapitalmarkt, one of the leading independent bond managers in Germany, book author and lecturer at the Frankfurt School of Finance and Management. In 2008 Martin Wilhelm started to advise the German investment boutique ACATIS, specialized in value investing. His success as advisor of the global bond fund “ACATIS IfK Value Renten” has been recognized with multiple awards.
Representatives
Petra Weise
Director Institutional Sales Switzerland
Petra Weise has 28 years of experience in financial industry and graduated with a university diploma in business administration. She joined ACATIS in 2007 as director and member of executive board to build up the Swiss branch. She is responsible for business development and sales in Switzerland for institutional clients. Based in Geneva.
Marcus Kirschner
Institutional Sales Switzerland
Marcus Kirschner joined ACATIS in 2021 and is a member of the institutional sales team in Switzerland. Prior to joining ACATIS, he worked in similar role at Decalia. Prior to that he worked in the European Distribution team at Affiliated Managers Group, an American multi-boutique asset manager. He holds a bachelor’s degree in Business Administration from SBS Swiss Business School. Based in Zurich.
Institutional Private Equity solutions for private individuals
Our vision: Within 10 years, Private Equity will account for 10% of the assets of European investors
Our ambition: To allow private investors to access assets normally reserved for institutional investors, from a minimum investment of 100k €
Our standards: We build portfolios from funds managed by top-quartile management companies
We aim targeting an asymmetrical risk/return profile:
- High return profile by being highly selective, seeking out only 5-7 funds per year worldwide.
- Low-risk profile: no team risk, sector choices, geographic diversification...
Fund selection by an experienced and complementary team
The importance of co-investment to gain overexposure to the best investments and deploy faster
The re-up programme: An innovative approach to constructing a wealth management strategy, enhancing revenues.
Workshop Objectives: We will discuss:
- How we select top-quartile managers
- The importance of co-investments
- The Re-up Programme – an innovative wealth management strategy aimed at private investors: Methodology & projections
Company Profile: Altaroc – Private Equity is now yours
Founded in 2021, Altaroc enables private clients to build an institutional-grade strategy in Private Equity.Through their private bank, independent asset manager, or family office, Altaroc provides them with turnkey portfolios composed of top-tier global private equity funds such as CVC, TA Associates, Bridgepoint, etc. Every year, Altaroc launches a new Vintage consisting of 6 to 7 managers.
These Vintages give private clients the opportunity to invest in the real economy by investing international, innovative, and high-growth companies in sectors such as software, healthcare, B2B services, and B2C. Altaroc, which relies on a team of 50 experts in France and Switzerland, has already deployed 3 Vintages and raised over €1 billion from 5,000 private clients.
Altaroc.pe
Speakers
Louis Flamand
Chief Investment Officer
.jpg)
Louis Flamand began his career in 2007 as Senior Account Manager for Quartilium Fund of Funds at Groupama Private Equity, before joining UBS Global Asset Management in 2013.
In 2015, he joined MetLife Investment Management as Head of Private Equity Investments and Co-Investments in Europe and Asia.
Louis Flamand has been a member of the supervisory boards of several international asset managers (CVC, Permira, Hg Capital, Bridgepoint and Carlyle).
Representatives
Julie Van Campenhoudt
Head of Switzerland
.jpg)
Julie began her career in Spain in 2003 in commodities trading. In 2016, after nine years in brokerage as an Equity Sales Trader (Kepler Cheuvreux, Bestinver and Baader Bank), she joined the asset management industry. She was Head of Distribution for French-speaking Switzerland for eight years, with ODDO BHF and Robeco.
In 2023, Julie decided to join Altaroc and took over the management of the Swiss office in Geneva.
Antoine Duchiron
.jpg)
Antoine began his career in 2017 at Pergam Finance and joined Morgan Stanley IM in 2019, where he developed distribution to private banks and multi-family offices in France, as well as solutions dedicated to these client segments. He has been a CFA Charterholder since 2022.
His expertise spans all asset classes, with a particular focus on Private Equity.
Antoine joined Altaroc in 2023 as Senior Sales and Product Specialist, responsible for developing the Swiss market.
Why the transition to a more nature positive economy is an exciting investment opportunity
This workshop will underscore the severity of the biodiversity loss crisis, how the global economy depends on nature, and why economic policymakers are so keen to help unlock investment to move to a more nature positive economy.
From an active global listed equity perspective, this workshop then demonstrates the accessible themes available to capitalise on the move away from overconsumption, natural habitat distribution and water pollution to a more circular economy, more sustainable land use, and more sustainable oceans – but done so in a more resilient way by also focussing on transition companies, which can help minimise skews in portfolio performance and creates the opportunity to engage with companies through a bespoke programme to help drive positive environmental outcomes.
Workshop Objectives: Understand:
• The scale of the biodiversity crisis and keen desire to address it
• The exciting natural capital themes for a global equity portfolio
• Implementing a more balanced investment approach
Company Profile: Aviva Investors is a global asset manager with over €277 bn of AUM managed in real asset, fixed income, equity, multi-asset and alternative investments in 12 countries. Our clients can benefit not only from our significant local knowledge and experience, but also from the extensive global investment resources at our disposal. Responsibility is incorporated at all levels of our organization: understanding the factors, risks and opportunities in ESG helps us to be better investors and delivering the investment results our clients expect.
The value of an investment is subject to increases and decreases. Investors may not recover the amount originally invested.
* Data as at 30 June 2024
Speakers
Stuart Empson
Investment Director - Equities
Stuart provides the commercial link between our equities investment teams, our client teams, and external clients. He promotes and drives the messaging of Aviva Investors’ active equities investment philosophy and process and articulates how that is applied into portfolios in terms of positioning, performance and outlook with particular focus on our UK equities and sustainable outcomes equity strategies.
Stuart joined Aviva Investors in 2015 as an RFP Writer covering the full range of the firm’s investment capabilities offered to institutional clients and external distributors. He was also RFP lead on the flagship multi-strategy portfolios. Prior to joining, Stuart Empson held client relationship management and business development roles at the financial training company Fitch Learning (formally 7city Learning).
He holds a BSc in Economic Science from the University of Manchester and is a CFA charterholder
Representatives
Rula Ipsaryaris
Head Client Solutions Switzerland & Liechtenstein
Rula is based in Zurich and focuses on growth opportunities for institutional clients and wholesale customers in her region. Rula has over 30 years in the financial service sector. Prior to joining Aviva Investors, Rula worked as Senior Sales Executive and Deputy Head Switzerland & Liechtenstein for Vanguard. She gained her professional experience in various leading positions in the fiduciary industry with an American broker, both international and Swiss Private Banks, as well as with one of the worldwide largest asset custodians.
Cristina Paradiso
Client Solutions Manager
.jpg)
Cristina is based in Zurich and reports to Rula Ipsaryaris, Head of Client Solutions, Switzerland and Liechtenstein. Prior to joining Aviva Investors, Cristina worked at Vanguard Investment Switzerland GmbH, where she was Sales Executive with a focus on external asset managers and distributors. She has also held sales roles at Fincor Finance S.A. Zurich and Farnell AG, Zurich.
A proven strategy for seizing short- and medium-term corporate bond opportunities while controlling duration.
Hugau Obli 1-3 is invested in bond and money-market products with an overall portfolio sensitivity of less than or equal to 3. The fund favors short European corporate bonds with an average maturity of two years or less. Securities are selected on the basis of a credit analysis carried out by Hugau Gestion. Priority is given to corporate bonds with recurring cash flow, and to the “good credit quality” of the securities in the portfolio.
Workshop Objectives: The objective of this workshop is to engage with investors, discuss market trends, showcase our expertise, and listen to their investment expectations, ensuring our strategies align with their needs and goals
Speakers
Eric Le Maire
Senior Managing Director
Eric Le Maire is a graduate of the Institut Supérieur de Gestion. He started his career as a portfolio manager at UIC-SOFAL before joining the Finacor group as an interest rate options broker in 1994. He continued as a broker to develop the Euro market at Tullett Liberty in London in 1997. In 2001 he joined Merrill Lynch Investment Managers, now BlackRock, where he was in charge of the Paris office in 2005. At the beginning of 2008 he joins Hugau Gestion as managing partner with Daniel and Catherine Huguel to take care of the development of the company.
Representatives
Ludovic Huguel
Chief Operating Officier
Ludovic Huguel is a graduate of the University Panthéon Assas, holds a dual Master in Business Law and Tax and Notarial Law and a dual Master II in Private and Professional Property Management and in Real Estate Law. He also holds an AMF certification. He began his career in the legal department of a large insurance company before working in a real estate company. He joined Hugau Gestion in 2008.
Finding consistency in uncertain markets - a proven and transparent approach to high yield investing
As higher interest rates, uncertain global macro dynamics and geopolitical tension are becoming the norm, investors seeking consistent, stable returns face more of a challenge.
Short duration high yield currently offers less interest rate risk than investment grade, government bonds, or longer maturity high yield bonds - while providing an attractive yield which overcompensates for underlying default risks.
The Royal London Short Duration Global High Yield Bond Fund is a truly global credit product that aims to deliver an attractive level of income with limited volatility. It’s a simple strategy – we simply buy mispriced bonds close to the end of their economic lives – built on a foundation of never having incurred a default or a serious credit loss in over 20 years.
Workshop Objective:
We will discuss:
• The current market backdrop and its impact on investors
• Our unique approach to high yield investing
• The opportunities offered by the Royal London Short Duration Global High Yield Bond Fund
Company Profile:
At Royal London Asset Management, we do things a little differently.
As an integral part of customer-owned mutual Royal London, we put our clients at the heart of what we do, with a longer-term approach to generating investment returns.
We’re committed to delivering outstanding active asset management value for clients around the world.
It’s asset management excellence with a longer-term perspective.
Speakers
Azhar Hussain
Head of Global Credit
Azhar has 23 years’ direct experience of investing in an array of strategies across the Global Fixed Income and Leverage Finance arenas.
Before joining Royal London Asset Management in 2012, Azhar worked at Deloitte, Gulf International Bank and Insight where he was Head of HY & Leveraged Loans.
Azhar holds a BA in Economics & Law from SOAS, University of London and obtained a MSc in Behavioural Science from the London School of Economics in 2018.
Representatives
John Parkin
International Business Development Manager
John joined RLAM in 2022 and is responsible for developing client relationships and distribution in continental Europe. He has 16 years’ experience in financial services, and joined from Western Asset, where he headed the Wholesale Channel for UK & Europe. Prior to this, John worked at Aegon Asset Management, and helped to develop the European distribution capability where he was latterly Country Head for Switzerland.
Phil Reid
Head of Wholesale
Phil is Head of Wholesale at RLAM. Prior to this he spent nine years at HSBC Global Asset Management where he was most recently Head of UK Wholesale. In addition, Phil had responsibility for the EMEA distribution of the ETF proposition.
Prior to his roles at HSBC, Phil was Sales Director at Close Asset Management and has 20 years’ experience in the financial sector.