OSSIA IM

Oliver Bilal, the founder and CEO, leads investment direction and likely retains authority over risk budgets alongside the named portfolio managers running individual strategy sleeves. Marc Frauenfelder, COO and Head of Risk, oversees risk management and portfolio construction constraints. The firm's compact size implies that senior investment professionals operate with direct trade execution authority, not committee-bound approvals.

The firm deploys four primary return engines: global macro, equity volatility, managed futures, and tail-risk hedging. Instruments are limited to exchange-traded futures, FX forwards, and listed or OTC-cleared equity options. The multi-asset framework is benchmark-agnostic, targeting absolute returns within institutional risk budgets.

It is structured as a Swiss FINMA-regulated asset manager, not an offshore hedge fund. All strategies are delivered through UCITS or Swiss-domiciled regulated funds designed for institutional investors. This regulatory posture — unusual for a macro boutique — is central to its distribution model, which targets Swiss pension funds, insurers, and family offices that require BVV 2 or UCITS-eligible structures.

No. The firm's institutional-only mandate and UCITS/BVV 2 fund structure preclude direct retail distribution. Its known client base is Swiss institutional — including at least one cantonal pension fund — and the firm does not maintain private-banking distribution agreements or retail share classes.

OSSIA IM does not run private-market co-investment programs. Its strategies are entirely in liquid instruments. However, given its Swiss institutional focus, the firm likely accommodates segregated mandates and specific risk guidelines within its liquid multi-asset framework, as is standard for Swiss pension fund allocations to boutique managers.

The founding team's background at RMF Investment Group and Man Group suggests talent is sourced from the deep Swiss institutional alternatives ecosystem rather than through lateral hires from investment banks. The firm's trader-led architecture, where named individuals run concentrated sub-portfolios, implies it recruits experienced PMs with verifiable track records in liquid macro or volatility trading.

Liquid market exposure is concentrated in G10 rates, US and European equity index volatility, and Asian commodity futures. The firm does not run dedicated emerging-market or frontier-market mandates. This G10-plus-Asia concentration reflects the liquidity and execution constraints inherent in the firm's systematic volatility and managed futures strategies.