Philosophy

The price formation on capital markets reflects the investment behavior of market participants at all times. Their investment decisions are primarily derived from expectations regarding economic developments, structural and geopolitical trends and fundamental valuations. The anchor point for the formation of investor expectations is data. For us, information systematically derived from this data forms the central basis for successful investment decisions on the capital market.

We have extensive expertise in the analysis of the data underlying the daily actions of market players. Our investment processes are rooted in a broad scientific understanding of the interactions in the capital markets. We consistently link capital market models that have been tried and tested over many years with methods of machine learning from large volumes of data. Hypothesis-based analyses of the risks and return opportunities of investments enter into a symbiosis with hypothesis-free analyses of the relevant set of data.

As a result, our investment processes are tailored to the continuous changes in the global capital markets and their embedding in different economic and political trends. We shed light on the edges and establish links that remain blurred with the tools of classical econometrics alone. This symbiotic concept is the fundamental basis for our ultimate goal: to achieve significant added value for our clients.

We operate in global capital markets that process publicly available information fairly efficiently, with only temporary inefficiencies in individual segments. As an active manager, we manage both systematic risks at the asset allocation level and unsystematic risks in the context of concentrated portfolios. We thus tap the risk premiums traded on the capital market in asset classes and styles as well as added value that can be achieved through systematic investment strategies.

We design our company and our products in accordance with sustainability criteria. We consistently apply sustainability criteria when selecting securities. These include transparency requirements and the consideration of labor and human rights, environmental protection and anti-corruption, as summarized in the globally recognized UN Global Compact. In addition, all companies relevant to our funds are explicitly analyzed in terms of sustainability criteria. We exclude investments in nuclear power, coal mining, significant coal-fired power generation, fracking, oil sands, weapons and armaments. In addition to our general corporate responsibility, it also reflects the fact that we see this approach as an opportunity to enrich the management of unsystematic portfolio risks.

We pursue scientific research in the fields of finance, machine learning and computer science. From this we draw our ideas for the continuous development of our investment processes. The transparency and traceability of our procedures as well as our high level of discipline and quality in all processes form the basis for the trust of our clients and for our ambition to become better every day.