Asset management

Founded in 2013, Alysium Capital S.A. is a portfolio management company specializing in stock-picking within the European equity investment universe.

Investment Philosophy

Having spent all our financial careers in the equity markets and being firm believers that in the long run equities deliver superior returns over other asset classes we have positioned Alysium Capital S.A. as a manager specializing in equity investment.

Our bias is towards growth investing but we do also adopt a value approach when needed as we want to capitalize on our strengths: a small structure of experienced individuals with a reactive and flexible investment process. We have witnessed time and again throughout our various experiences in several big financial group how burdensome a long heavy process can be in day to day investing. Although we do not believe in the total efficiency of financial markets we equally don’t think that exist a lot of true bargains, this is why we essentially invest in quality growth stocks, paying up for quality and reliability makes sense to us.

Our investment process is aiming at achieving performance with a framework of risk control and consistency. We are conscious that our clients are not entrusting us with their savings to accept above average risk in order to achieve performance. Risk and performance are directly correlated, the key for having a satisfied customer is to find with him the precise balance.

We adopt a concentrated portfolio because owning too many positions is a recipe for bad performance in addition we believe that avoiding losers is just as important as to find winners.

Last but not least we are more than aware that emotions do play an important role in the process of investing and trying to understand the underlying psychology helps us in avoiding many pitfalls.

Asset Allocation Process

The team looks at a number of factors that guide how your money is invested, including:

  • How European markets are doing compared to U.S. and international markets. This is important because it helps us identify and determine the most compelling investment opportunities in Europe and around the world.

  • Industry trends, competitive developments and company earnings. This helps us identify companies that are attractively valued.

  • Economic indicators like interest rates and inflation. These are important because they affect investments in all asset classes.

Equity Investment Process

We consistently follow a rigorous, three-step process when we pick stocks for our mutual funds:

1. Value – what is the stock really worth?

We look very closely at the long-term value of stocks. This tells us if certain stocks are trading at prices below what they’re actually worth. These stocks offer long-term growth potential but also offer downside protection because the market has already discounted them.

2. Quality – how solid is the company’s business?

If we think a company is undervalued, we then use fundamental analysis to understand how well the company is managed, how profitable it is and how competitive its business is. This tells us whether or not the company’s stock is a quality investment.
If a quality company’s stock is undervalued by the market, then it’s a stock that we might be interested in.

3. Building a portfolio – which stocks are right for our different client profile?

We carefully select stocks that have passed the first two steps based on how they can fit within different client profile while respecting diversification criteria.

Fixed Income Investment Process

We consistently follow a rigorous, process when we pick fixed income investments. Our investment process employs an active, multi-strategy approach, combining both top down macroeconomic analysis on interest rate and yield curve.

1. Interest Rate Anticipation:

The single most important factor affecting fixed income market is the interest rate. Our interest rate anticipation and duration strategy is supported by the vigorous research on the business cycle and the outlook for interest rates.

2. Yield Curve Management:

The change of the shape of the yield curve can be caused by either the change of the interest rate expectation or; the change of risk premium for holding certain bonds. We carefully monitor and actively manage the portfolio’s exposure to the yield curve.

“The most powerful force in the universe is compound interest” Albert Einstein

Compounding interest requires patience and is quite the opposite of chasing speculative stocks.

At Alysium Capital S.A., it’s what we think investment is all about.

Contact

Contact us

Inquiries

ALYSIUM
Rue de la Croix d’Or 17A
1204 Geneva
Switzerland

Email: info@alysium.ch
Phone: +41 22 700 08 40