Mission & Vision
To create value by combining positive returns and low volatility in a systematic way. To efficiently allocate assets to different market conditions.
We think reliability means trust, this is why our results are reliable. Our interests are only aligned with those of our clients, in the pursuit of their success.
We believe the targets of an Asset Manager should form its vision and the process to achieve them its investment philosophy.
The name total return is often used in the marketplace in a misleading way, to the benefit of plain flexible products whose ability to avoid capital losses is confined to market timing only. Also too frequently market beta is portrayed as alpha generation, with little to no attention to systemic risk and market volatility.
Swan Asset Management SA investment philosophy is fully committed to the achievement of efficiency, in its classical definition of significant positive excess returns combined with very low volatiliy. The process is based on a proprietary version of the Unified Approach, a blend of Total Return and Asset Liability Management.
Specifically, we believe an efficient absolute return fixed income fund should have the following characteristics:
1 - Ability to deliver significant Excess Return vs LIBOR in a regular and consistent manner.
2 - Low annualized standard deviation and downside risk both on absolute terms and in comparison with the marketplace.
3 - Full capital preservation, i.e. no negative return in any 1 year investment period.
4 - Strong liquidity of the underlying assets and cash generative profile of the strategy.