Helvetia Wealth starts to apply lessons learnt from the financial crisis to its daily business - Con
(Thomson Reuters ONE) - Helvetia Wealth AG / Helvetia Wealth starts to apply lessons learnt from the financial crisis to its daily business - Concrete steps taken to adapt investment portfolios processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. Press Release, Helvetia Wealth AG, Zurich, February 5, 2010While the banking industry is still discussing what is there to learn from theworst financial crisis in the last 70 years, asset management firm HelvetiaWealth AG is already acting to apply those lessons to its daily business,quickly adapting the portfolio of investments and services it offers itsclients.Lack of transparency in the financial sector, poor risk management, excessiveleverage coupled with little capital backing have plunged the banking sectorinto a crisis it still struggles to overcome. Helvetia Wealth has successfullyresponded to the new challenges, emerging virtually unscathed from the turmoil."We have strengthened our risk management policy by carrying out more extensiveresearch before the product is put on the market and we continue to providecapital protection investment, something we have offered the largest part of ourinvestors since Helvetia Wealth was founded in 2005," said the company'sChairman Ottmar Ruoff.While capital protection investment products offer lower returns, they remain auseful tool to offset markets volatility, especially when these appear to besteadily on the rise. Helvetia Wealth has packaged these products for years,sheltering its clients from unstable markets and now it is planning to increasetheir use. "The yield of these investments may be sometimes weaker, but it isdefinitely more sustainable. With these products, our customers did not lose onepenny in the crisis," said Ruoff.Another important lesson that Helvetia Wealth is applying to its business is howto strike the right balance between a purely computer-based approach toinvestment decision-making and human emotions - often the underlying reason forcertain risky investment choices."We look for a combined approach between cutting-edge technology and humanemotional reactions," said Ruoff.Instinctive reactions can be counterbalanced by computer-based calculationmodels that elaborate all available data, such as companies' balance sheets.Helvetia Wealth successfully merges this method with the work of skilledresearchers and analysts, who, on their side, can interact with company managersand capitalize on their knowledge. Helvetia Wealth's Optima Fund and theInternational Forestry Fund are an example of how the asset management firmsuccessfully combines both approaches.In another effort to provide this dual approach and guarantee a betterdecision-making process, Helvetia Wealth has recently announced thatinternationally renowned Professor of Statistics in Economics Gerhard Armingerhas joined the Board of the company. Professor Arminger has the mandate ofoverseeing the implementation of new scientific forecasting methods in IT basedwealth management applications. "This is an approach that combines the latestscience and technology with highly personalized financial advice," said Ruoff.About Helvetia Wealth AG:Helvetia Wealth is one of the fastest growing financial services brands inEurope. The core business is the provision of Swiss private banking solutionsand asset management services. The firm using an open architecture businessmodel, sits at the centre of a network of best of class third party suppliersand is able to bring institutional wealth management products and services tothe wider market. Helvetia has a team of private banking and institutionaladvisors from all over the world, who care for a quickly growing family ofinternational clients. www.helvetia-wealth.com
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Datum: 05.02.2010 - 10:00 Uhr
Sprache: Deutsch
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