AI Hedge Awards 2017

40 Acquisition International - Hedge Fund Awards 2017 Best Portfolio Manager - Liechtenstein & Best Alternative UCITS Fund: LLB Alternative Strategy Global The parent company Liechtensteinische Landesbank AG (LLB) is the most traditional bank in Liechtenstein which supports clients across Europe. We invited Head of Equity and Multi Manager Management Bernhard Schmitt, LLB Asset Management, to tell us more about the bank and the LLB Group investment center opportunities it offers. Company: LLB Asset Management AG Name: Bernhard Schmitt, Head Equity & Multi Manager Management Email: Web: Address: Staedtle 7, 9490 Vaduz, Principality of Liechtenstein Phone: +423 236 9523 HF170060 Established in 1861, LLB supports retail and corporate banking, private banking, and institutional clients, providing excellent products and services across Liechtenstein, Switzerland, Austria, Germany, Central and Eastern Europe, and the Middle East. Bernhard talks us through the firm’s service offering in more detail and outlines how the investment centre aims to ensure that clients receive the best advice, support and returns possible. “The investment centre of the LLB Group and a valuable partner for institutional and private clients is the LLB Asset Management AG. We are specialised in asset allocation, security selection, portfolio construction and most notably in hedge fund research and fund of hedge funds management. The LLB Asset Management AG has an outstanding investment competence and offers comprehensive expertise. We offer a wide range of made-to-measure solutions for our clients. Our optimal strategy for every investment will include diversification across and among as many asset classes as possible. Specifically, with regards to our hedge fund offering, diversification means attracting the greatest benefit from different managers, investment styles and techniques. As such, clients around the world will certainly find the right building blocks and special funds for their portfolio among our more than 35 funds. We manage a total fund volume of around CHF five billion.” Creating bespoke investment solutions tailored to meet investors’ needs is at the heart of the firm’s investment strategy, as Bernhard explains. “Together with our clients, we develop their individual hedge fund strategies, offer hedge fund manager as well as hedge fund recommendations and especially manage fund of alternative UCITS funds for the benefit of diversification. This allows our clients to choose from a wide range of alternative investment solutions.” By ensuring that the portfolio is diversified and fully researched, Bernhard believes that the firm is able to offer risk averse investments which do not expose investors to unnecessary volatility. “In order to ensure that risk is limited wherever possible, we look for opportunities in the alternative investment universe without forgetting the risks, we try to identify strengths in investment approaches of external managers and assess their possible weaknesses. Thus, our selection process focuses on five distinguishing factors, summarized as the 5 P’s: Philosophy, People, Process, Portfolio and Performance.” “Performance and its volatility is a logical consequence of the other four and a mere result, not our main focus. We try to understand how alternative managers think, how they execute and how they handle their risks. We define our core strength in finding process-driven yet very creative fund managers that are able to perform and also protect their downside. With a further layer of discretion on the portfolio management level of the fund of alternative UCITS funds, we are also able to give the investor the protection it needs.” “Overall, refreshing new ideas and inspiring people are what we are looking for all over Europe.”