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Our team
Following a team approach with clear responsibilities
Key figures
Investment team
The investment team includes four investment managers: the team leader Ermira Marika, Olivier Hildbrand, Joël Hutter and Oliver Haubner. The investment strategy is defined within a team approach with a fact-based consensus style. Ermira Marika oversees the global strategy and the overall portfolio construction. The credit selection is split by sector and / or country among the investment managers.To ensure the constant supervision and monitoring of portfolios, each fund/mandate is under the responsibility of a lead manager with the back-up of another team member. In addition, the CHF Bonds team includes a senior trader, Matthias Gautschi, specialized in CHF bonds, as well as a product specialist, Kristi Tasellari Hug.
We are also supported by Pictet Asset Management’s broader investment capabilities. For credit research, given the international reach and the high number of both domestic and foreign issuers in our universe, we can rely on 14 credit analysts located in Geneva, London, Singapore and Hong Kong. This team is organized by sector and assesses the most important issuers in each sector, relying mainly on company-specific metrics. Regular reviews are organized on a daily and weekly basis to discuss corporate results and expected credit events. The analysts have extensive industry relationships and investment networks with investment banks and rating agencies. They help us rank companies based on risk-reward (fundamentals versus market price) and protect from “blow-up” situations. The ultimate investment decision is taken by investment managers.
Macroeconomic research
Four economic analysts support the investment team in the definition of the broader macroeconomic picture. Nikolay Markov participates in every CHF bonds team strategy meeting as he specializes in Swiss macroeconomics. However all four macro analysts intervene in the analysis of domestic and foreign factors relevant for interest rates strategies in our portfolios.
Risk management
The investment team has a dedicated risk manager, Giang Hoang, who carries out risk controls and risk management of the portfolio activities on a daily basis and participates as well in our team strategy meetings.
learn more about swiss bonds
Active management
Aiming for steady positive excess return in all market environments.
September 2021
A new investment opportunity in CHF sustainable bonds
As part of our long-standing strategic commitment to sustainable investments and our target to build-up to a full ESG offering, we launched a new sustainable investment strategy for Swiss investors covering Swiss bonds.
September 2021
Passive management
Focus on low risk and cost efficiency.
July 2021
The value of CHF bonds in multi asset portfolios
Reasons why Swiss investors should be invested in CHF bonds.
September 2021
Important legal information
This marketing material is issued by Pictet Asset Management (Europe) S.A.. It is neither directed to, nor intended for distribution or use by, any person or entity who is a citizen or resident of, or domiciled or located in, any locality, state, country or jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. The latest version of the fund‘s prospectus, Pre-Contractual Template (PCT) when applicable, Key Information Document (KID), annual and semi-annual reports must be read before investing. They are available free of charge in English on www.assetmanagement.pictet or in paper copy at Pictet Asset Management (Europe) S.A., 6B, rue du Fort Niedergruenewald, L-2226 Luxembourg, or at the office of the fund local agent, distributor or centralizing agent if any.
The KID is also available in the local language of each country where the compartment is registered. The prospectus, the PCT when applicable, and the annual and semi-annual reports may also be available in other languages, please refer to the website for other available languages. Only the latest version of these documents may be relied upon as the basis for investment decisions.
The summary of investor rights (in English and in the different languages of our website) is available here and at www.assetmanagement.pictet under the heading "Resources", at the bottom of the page.
The list of countries where the fund is registered can be obtained at all times from Pictet Asset Management (Europe) S.A., which may decide to terminate the arrangements made for the marketing of the fund or compartments of the fund in any given country.
The information and data presented in this document are not to be considered as an offer or solicitation to buy, sell or subscribe to any securities or financial instruments or services.
Information, opinions and estimates contained in this document reflect a judgment at the original date of publication and are subject to change without notice. The management company has not taken any steps to ensure that the securities referred to in this document are suitable for any particular investor and this document is not to be relied upon in substitution for the exercise of independent judgment. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. Before making any investment decision, investors are recommended to ascertain if this investment is suitable for them in light of their financial knowledge and experience, investment goals and financial situation, or to obtain specific advice from an industry professional.
The value and income of any of the securities or financial instruments mentioned in this document may fall as well as rise and, as a consequence, investors may receive back less than originally invested.
The investment guidelines are internal guidelines which are subject to change at any time and without any notice within the limits of the fund's prospectus. The mentioned financial instruments are provided for illustrative purposes only and shall not be considered as a direct offering, investment recommendation or investment advice. Reference to a specific security is not a recommendation to buy or sell that security. Effective allocations are subject to change and may have changed since the date of the marketing material.
Past performance is not a guarantee or a reliable indicator of future performance. Performance data does not include the commissions and fees charged at the time of subscribing for or redeeming shares.
Any index data referenced herein remains the property of the Data Vendor. Data Vendor Disclaimers are available on assetmanagement.pictet in the “Resources” section of the footer. This document is a marketing communication issued by Pictet Asset Management and is not in scope for any MiFID II/MiFIR requirements specifically related to investment research. This material does not contain sufficient information to support an investment decision and it should not be relied upon by you in evaluating the merits of investing in any products or services offered or distributed by Pictet Asset Management.
Pictet AM has not acquired any rights or license to reproduce the trademarks, logos or images set out in this document except that it holds the rights to use any entity of the Pictet group trademarks. For illustrative purposes only.