Black Swan Resilience
Invest in financial markets and obtain data-driven solutions for optimal decision-making
Products
Advice on AMC products
Management adapted to a changing world. Contractual fund under Swiss law.
Our Investment Process
Our portfolio is not built on instinct but on science.
Each position results from a dual process: a rigorous asset selection based on connectivity and financial analysis, followed by a disciplined allocation between risky and risk-free assets.
This systematic approach ensures a coherent, resilient, and adaptive portfolio across all market cycles.
Investable Universe
- Target market: S&P 500 U.S. equities.
- The universe is analyzed through the lens of market connectivity and financial strength to identify companies with sustainable value creation and structurally resilient business models.
Advanced Quantitative Analysis
Driven by proprietary models and connectivity indicators.
We measure the interdependencies between assets and assess market network stability to identify securities offering the best robustness-to-risk-adjusted-return profile.
Fundamental & Value Chain Analysis
Selected companies are evaluated using detailed financial metrics and indicators enhanced by top-tier analyst consensus (BARR).
This step refines our selection by combining quantitative evidence, strong fundamentals, and sector dynamics.
Disciplined Portfolio Construction
Core Portfolio (60–80%) — structurally strong, low-connectivity companies
Tactical Portfolio (0–20%) — opportunities identified through connectivity and market signals
Cash (0–10%) — risk-free component used for exposure arbitrage
Position sizing is determined by conviction level and overall market risk regime.
Main Fund Risks
Equity Market
The Fund is exposed to fluctuations in the US equity markets, notably via the S&P 500. In periods of high volatility, asset values may fluctuate sharply upwards or downwards.
Currency Risk
Risk linked to exposure, via direct investments or the use of financial derivative instruments, to a currency other than the valuation currency of the fund. For units denominated in CHF (A1, I1) and USD (A2, I2), as the fund invests in US equities, units not denominated in USD (CHF) are subject to exchange rate risk between the Swiss franc and the US dollar. This risk is, however, hedged by the fund management company.
Active management
The fund manager's ability to anticipate financial market trends has a direct impact on the fund's performance, which depends on the securities selected.
The fund offers no capital guarantee. In the event of unfavorable market conditions or poor performance of selected securities, investors may lose all or part of their investment.