Limmat Capital to become investment manager of large balanced fund mandate
Limmat Capital Alternative Investments has been appointed to manage a large balanced fund mandate with assets under management of EUR196m.
Limmat Capital is an independent FINMA regulated investment management firm in Zurich, Switzerland, specialising in liquid long/short equity and balanced fund strategies.
The addition of the new mandated strategy, which was launched in 2009, brings Limmat Capital's total assets under management to CHF360m.
The mandate's goal is the balancing of long-term returns across market cycles and the preservation of capital under difficult market circumstances.
Last year, Limmat Capital delivered profits to the investors for the ninth consecutive year in its equity flagship strategy, maintaining a strong risk-adjusted return of 13 per cent p.a. with a maximum draw-down of 5.3 per cent, no down year and a lifetime Sharpe Ratio of 2.0 since inception in 2005.
The company was approved by the Swiss Financial Market Supervisory Authority (FINMA) as asset manager of foreign collective investment schemes on 3 January.
"The long-term interests of our investors are central to how we approach our business and the way we manage our growth. Including this new strategy, our growth revolves around building and expanding our platform in a controlled and intelligent fashion and gaining this new mandate reflects our approach to running business," says Limmat Capital CEO Raphael Rutz, who is also the company's co-founder. "We believe our focus on delivering consistent long-term positive risk-adjusted returns to our investors will also serve the best interests of our business partners and our firm."
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