SYZ Asset Management: Launch of new & innovative global multi-asset OYSTER fund with active risk management
(Thomson Reuters ONE) -
Banque SYZ SA /
SYZ Asset Management: Launch of new & innovative global multi-asset OYSTER fund
with active risk management
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The issuer is solely responsible for the content of this announcement.
Launch of new & innovative global multi-asset OYSTER fund with active risk
management
* Objective: to generate two thirds of the performance of equities,
with only a third of their volatility
* Approach based on an internal top-down macroeconomic scenario paired with
innovative risk management
* Dynamic hedging strategy aimed at limiting the maximum drawdown to 10%
Geneva, 24 June 2015 - True to its custom of offering the market high value-
added products tailored to current needs, SYZ Asset Management, the asset
management division of the SYZ Group, is pleased to announce the launch of
OYSTER Multi-Asset ActiProtect, a new sub-fund of its Luxembourg SICAV (UCITS).
Managed internally by the Multi-Asset team, the fund offers dynamic multi-asset
management that seeks to generate two-thirds of the performance of global
equities over the medium to long term with only a third of their risk. The fund
invests throughout the world particularly through futures and index-based
products by acquiring exposure to a wide range of assets, such as bonds,
equities, currencies, gold and cash. The main innovation lies in dynamic
management of the risk budget, which combines economic scenario modelling and
systematic monitoring of the maximum drawdown. This is realized through a
proprietary hedging methodology aimed at limiting the maximum drawdown to a 10%.
Two-thirds of the performance with a third of the risk
OYSTER Multi-Asset ActiProtect is a flexible multi-asset fund that invests in
and acquires exposure to a wide universe of asset classes comprising bonds (10-
year and 30-year US Treasury, UK Gilts, German and Italian government bonds),
equities (Europe, US, Japan, UK, Switzerland, emerging markets), cash,
currencies and precious metals (USD, JPY, GBP, AUD and Gold). The fund's
objective is to achieve two thirds of the performance over the medium to long
term of the global equities index (MSCI World CR EUR), with only a third of its
risk (5% to 7% volatility per year). The fund's exposure may vary between 0% and
130%, and may invest only in liquid instruments, such as futures, forward
exchange contracts, and ETPs[1] (maximum 10%).
OYSTER Multi-Asset ActiProtect is managed through a collaborative approach by
Fabrizio Quirighetti (team manager), Guido Bolliger, Claude Cornioley, and
Adrien Pichoud, within the Multi-Asset team of SYZ Asset Management (Suisse) SA.
Guido Bolliger and Claude Cornioley are two seasoned quant investment
professionals who have recently joined SYZ Asset Management. Claude Cornioley
was previously a partner at Dynagest SA. Guido Bolliger was CIO at Olympia
Capital and, prior to that, Senior Quant Analyst at Julius Baer. They bring
additional set of skills to the SYZ Group in dynamic portfolio hedging and risk-
based asset allocation.
A particularly innovative multi-asset approach
There are several types of multi-asset investment solutions. The most
traditional, the balanced funds solution, seeks to reduce risk mainly through
diversification. However, the correlation of asset classes tends to increase
strongly in times of crisis, which may result in sharp declines. Other more
recent techniques, such as the "minimum variance", "risk parity", and "CPPI"
(Constant Proportion Portfolio Insurance) strategies, focus on risk management,
without taking a position on market trends. The ActiProtect strategy developed
by SYZ Asset Management is therefore particularly innovative, as it starts from
a macroeconomic assessment in order to determine a desired asset allocation,
before applying a dynamic allocation of the risk budget, supplemented by dynamic
hedging aimed at limiting the maximum drawdown to 10%.
A solid process
The fund manager's investment process includes 4 key steps. The first is an
objective assessment of the macroeconomic situation, particularly economic
growth and inflation, in order to determine the current environment (pro-
cyclical, stagflation, reflation, disinflation, or deflation) and which asset
classes are to be favoured or avoided based on the manager's analysis. Second,
the choices are put to the test using a multi-factor analysis of their
valuation, their prospective yields, their risk, and the existence of catalysts
capable of changing prices. This makes it possible to, for example, move from a
general preference for equities to an investment conviction for European rather
than US equities. The third step transforms these convictions into capital
allocations using a proprietary model that aims to keep the portfolio's total
volatility within the defined range of 5% to 7%. The last stage of the process
involves preventing the fund from falling by more than the maximum authorised
limit (10%) during periods of high volatility. This is done using a proprietary
methodology that increases the share of risk-free assets when the risk of
exceeding the permitted threshold becomes too high.
A wide range of multi-asset strategies
In the current environment of very low interest rates, investors are having
difficulty finding valid alternatives to their cash or bond allocations. In
addition, with the current economic downturn, many investors are also concerned
about the volatility of stock markets and the historically high level of
equities. In this scenario, the reliable multi-asset solutions developed by SYZ
Asset Management - OYSTER Multi-Asset Diversified, OYSTER Multi-Asset Absolute
Return, OYSTER Multi-Asset Inflation Shield, and the most recent creation,
OYSTER Multi-Asset ActiProtect, represent a third attractive route offering
complementary strategies.
"OYSTER Multi-Asset Actiprotect rounds out our range of multi-asset funds. This
addition allows us to expand our client offering with innovative investment
solutions, focused on risk allocation and dynamic beta management," said Katia
Coudray, CEO of SYZ Asset Management.
"Multi-Asset" is the new branding for the funds managed by the Multi-Asset team
In order to unify the branding of the funds managed by the Multi-Asset team, the
prefix "Multi-Asset" has been added to this range. The names of the funds
managed by the Multi-Asset team have therefore been changed as follows:
* OYSTER Diversified is becoming OYSTER Multi-Asset Diversified
* OYSTER Absolute Return EUR is becoming OYSTER Multi-Asset Absolute Return
EUR
* OYSTER Multi-Asset Inflation Shield: no change
* OYSTER Multi-Asset ActiProtect: no change
Administrative information: OYSTER - Multi-Asset Actiprotect
+----------------------------------------+--------------+
| Available classes | ISIN |
+----------------------------------------+--------------+
| OYSTER - Multi-Asset Actiprotect EUR | LU1204262817 |
+----------------------------------------+--------------+
| OYSTER - Multi-Asset Actiprotect R EUR | LU1204262908 |
+----------------------------------------+--------------+
| OYSTER - Multi-Asset Actiprotect I EUR | LU1204263112 |
+----------------------------------------+--------------+
| OYSTER - Multi-Asset Actiprotect CHF | LU1204263203 |
+----------------------------------------+--------------+
| OYSTER - Multi-Asset Actiprotect R CHF | LU1204263468 |
+----------------------------------------+--------------+
| OYSTER - Multi-Asset Actiprotect I CHF | LU1204263542 |
+----------------------------------------+--------------+
| OYSTER - Multi-Asset Actiprotect Z EUR | LU1204263625 |
+----------------------------------------+--------------+
Risk/return profile:
Lower risk Higher risk
Potentially lower return Potentially higher
return
1 | 2 | 3 | 4 | 5 | 6 | 7
The prospectus, the key investor information documents, the articles of
association, as well as the annual and half-yearly reports on the funds may be
obtained from the representatives and paying agents.
For further information, please contact:
Moreno Volpi
Tel.: +41 (0)58 799 16 98
E-mail: moreno.volpi(at)syzgroup.com
Note to the Editors
About SYZ Asset Management*
SYZ Asset Management, the institutional asset management division of the SYZ
Group, provides investment solutions to Swiss and international institutional
investors, such as pension funds, insurance companies, companies and investment
funds. SYZ Asset Management meets the highest standards in terms of
institutional management and service to its clients using its own resources as
regards economic research and financial analysis as well as in portfolio
management and risk management.
*Any reference to SYZ Asset Management (SYZ AM) in this document, should be
construed as being a reference to any one or more of the legal entities, listed
below, dependent on the particular jurisdiction in which the document is
published, subject to the investment products and services referred to herein
being available to potential investors or categories of investors in such
jurisdictions.
SYZ Asset Management (Luxembourg) SA, SYZ Asset Management (Suisse) SA, SYZ
Asset Management (Asia) Limited, SYZ & CO Asset Management LLP, SYZ (France) SAS
About SYZ Group
The Swiss banking group SYZ, founded in Geneva in 1996, focuses exclusively on
asset management via two complementary pillars: upmarket private banking (Banque
SYZ) and institutional asset management (SYZ Asset Management). SYZ has a staff
of 440 employees and a total of CHF 29 bn (EUR 28 bn) in assets under management
with offices in Geneva (head office), Zurich, Lugano, Locarno, London,
Edinburgh, Milan, Madrid, Luxembourg, Brussels, Paris, Dubai, Nassau and Hong-
Kong.
www.syzgroup.com
About OYSTER Funds
OYSTER is SYZ Asset Management's UCITS investment fund range, funds developed by
SYZ Asset Management designed to address the specific needs of a professional
client base. With a strong commitment to performance, this Luxembourg SICAV
comprises nearly 30 sub-funds, covering a variety of asset classes, markets and
investment styles. OYSTER is currently registered and/or distributed in various
European and Asian countries through a vast distribution network. To satisfy
this discerning and demanding client base, SYZ Asset Management entrusts
management of its OYSTER funds to internal and external fund managers. A number
of strategies have also been the recipients of internationally recognised
awards.
www.oysterfunds.com
The French text prevails.
Contacts
OYSTER Sicav SYZ Asset Management
11-13 Boulevard de la (Luxembourg) SA
Foire 54 rue Charles Martel
L-1528 Luxembourg L-2134 Luxembourg
info(at)oysterfunds.com Tel. : +352 26 27 36 1
REPRESENTATIVES
Switzerland Germany Italy
---------------------------- ------------------------- ------------------------
Service de paiement Zahlstelle Soggetto incaricato dei
Banque SYZ SA BHF-BANK AG pagamenti
Rue du Rhône 30 Bockenheimer RBC Investor Services
CH-1204 Genève Landstrasse 10 Bank SA Succursale di
Tel. : +41 (0)58 799 19 05 D-60323 Frankfurt Milano
Tel.: +49 (0)69 Vie Vittor Pisani 26
718 22 75 I-20124 Milano
Tel.: +39 02 305 756 1
Soggeto incaricato dei
France pagamenti
------------------------- State Street Bank SpA
Représentant Agent centralisateur Via Col Moschin 16
SYZ Asset Management BNP Paribas Securities I-20136 Milano
(Suisse) SA Services Tel.: +39 02 879 671 53
Rue du Rhône 30 9 rue du Débarcadère
CH-1204 Genève F-93500 Pantin Soggeto incaricato dei
Tel.: +41 (0)58 799 19 05 Tel. : pagamenti
+33 1 57 43 12 58 Société Générale
Securities Services SpA
Via Benigno Crespi
19/A-MAC 2
Spain Austria I-20159 Milano
---------------------------- ------------------------- Tel.: 39 02 917 846 61
Entidad comercializadora Zahlstelle
Allfunds Bank Raiffeisen Bank Soggeto incaricato dei
C/ Estafeta Nº6 (La International AG pagamenti
Moraleja) Am Stadtpark 9 Allfunds Bank SA
Complejo Pza. de la A-1030 Wien Via Santa Margherita 7
Fuente- Edificio 3 Tel.: +43 (0)1 717 070 I-20121 Milano
28109 Alcobendas Tel.: +39 02 896 283 01
Tel.: +34 (0)91 274 64 00
Belgium Sweden
------------------------------------------------------
Agent financier - Paying Agent
Financiële agent MFEX Mutual Funds
Caceis Belgium SA Exchange AB
Avenue du Port 320 Linnégatan 9-11
Havenlaan 86C b 114 47 - Stockholm
B-1000 Bruxelles Sweden
Tel. : +32 (0)2 209 26 40 Tel.: +46 (0)8
559 03 650
United Kingdom
---------------------------- -------------------------
Representative
SYZ Asset Management
(Europe) Limited
Authorised and Regulated
by the FCA
Southwest House
11a Regent Street
London SW1Y 4LR
Tel: +44 (0) 20 30 400 500
Disclaimer
Oyster SICAV is an open-ended multi-fund investment company established and
regulated in Luxembourg and recognised in the United Kingdom ("UK") by the FCA
under s. 264 Financial Services and Markets Act 2000 with reference number
534187. This document has been issued in the UK by SYZ Asset Management (Europe)
Limited (authorised and regulated by the FCA with reference number 666766).
Potential investors in the United Kingdom are advised that none of the
protections afforded by the UK regulatory system will apply to an investment in
any Oyster SICAV sub fund and that compensation will not generally be available
under the Financial Services Compensation Scheme. Copies in English of the
SICAV's current Prospectus and Key Investor Information Document can be obtained
from SYZ Asset Management ( Europe ) Limited. Instructions to purchase or redeem
shares of any class available to UK Investors can also be placed with them. Past
performance is not a guide to the future, and the value of investments can fall
over time as well as rise. An investment in sub-funds of Oyster SICAV involves
risks that are more fully described in the Prospectus. The content of this media
release is provided solely for information purposes and constitutes neither a
recommendation to buy or sell. Always consider taking independent investment
advice from a person properly authorised and regulated prior to investing.
--------------------------------------------------------------------------------
[1] Exchange Trade Products
New fund OYSTER Multi-Asset Actiprotect:
http://hugin.info/166509/R/1930990/694177.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Banque SYZ SA via GlobeNewswire
[HUG#1930990]
Unternehmensinformation / Kurzprofil:
Datum: 24.06.2015 - 11:48 Uhr
Sprache: Deutsch
News-ID 402630
Anzahl Zeichen: 18410
contact information:
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Kategorie:
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