Caroline Zeller

IAM is an active, growth-oriented manager which constructs portfolios invested globally in equity, fixed-income, precious metals and real estate. They focus on Swiss, European and North American blue-chip and large-cap equity; however, they have no market-cap restrictions and no particular sector focus. As a real estate investor they primarily invest in Swiss securities and invest in global real estate markets via REITs. The firm's investment process combines top-down asset allocation and bottom-up sector and stock selection. They aim to identify companies with strong management teams, which are concerned about shareholder value, and which have leading market positions and a significant unexploited market opportunity. IAM conducts fundamental analyses to determine future cash flow. They utilize in-house research for local investments which they complement with third-party research. They employ quantitative tools, primarily as risk and exposure control measures.