Fisch Asset Management

CIO Beat Thoma leads the investment function, according to the firm's website. The founders, Kurt and Pius Fisch, established the boutique in 1994 and remain the owners, but the firm has delegated day-to-day portfolio leadership to an internal investment team under Thoma.

Fisch focuses on global convertible bond issuance, sourcing new deals through primary market underwriting syndicates and secondary-market trading. As a dedicated fixed-income boutique rather than an equity shop, its credit analysis anchors every purchase, while the equity-option component adds an additional sourcing filter that many generalist bond managers lack.

Fisch operates as a traditional, regulated asset manager. Its flagship products are UCITS funds domiciled in Luxembourg, and the firm runs segregated institutional mandates. There is no publicly disclosed hedge fund structure, though the multi-asset suite targets absolute-return outcomes within long-only or constrained-risk guardrails.

The firm manages direct, actively managed portfolios of individual securities — not fund-of-funds commitments. Allocations in convertible bonds, corporate bonds, and multi-asset mandates are built security by security for each client account.

The firm has not published explicit exclusion lists. The convertible bond and corporate bond books span investment grade and high yield. Sectoral tilts emerge from bottom-up research rather than top-down bans; absence from a sector typically reflects the research team's credit view, not a compliance prohibition.