Our philosophy
We manage the assets you entrust to us according to clear principles and a stringent investment process. These are based on your needs and objectives as well as your risk profile.
- Global investment universe
- Top-down and bottom-up approach
- Dynamic asset allocation
- Open platform
- Long-term returns
- Income & Topics
We are unbiased and act free of conflicts of interest. The investment horizon is long-term, focused on significant return opportunities, and includes thematic concentrations. Lumen Capital invests in securities that offer attractive and sustainable return potential over cycles to achieve a risk-adjusted return that exceeds inflation and costs.
Core investments include companies with high operating quality, strong market positions, pricing power, significant cash flow generation and above-average returns on invested capital. Overall, investments are concentrated across asset classes and geographies. The active style is agnostic to "value" or "growth" and the strategy is implemented with liquid, targeted and transparent investments. The structured process and continuous risk management help to increase the probability of investment success.
Our investment process
- Clear structure
- Broad and independent analysis
- Dynamic asset allocation
- Risk profile
- Diversification and liquidity
- Flexibility
Our investment process is structured and based on clearly defined parameters and our own in-depth analysis. External investment assessments are also taken into account. Our bottom-up assessment includes both quantitative and qualitative steps, while the top-down view takes into account not only the macroeconomic factors but also the short-term market environment.
Asset allocation is dynamic and the range of asset classes is based on the client's risk profile. Investment instruments are selected based on quality and conviction, taking into account individual restrictions. The investment instruments are then allocated according to predefined risk budgets. This results in broadly diversified and liquid investment portfolios. These are monitored on an ongoing basis, with risk management parameters divided into four risk types. This allows the portfolios to be adjusted as required.
1
Identification of the risk profile per client
2
Evaluation of return prospects per asset class
3
Fundamental analysis (primary & secondary)
4
Analysis of the macro and market environment and risk assessment
5
Breakdown of investment instruments per asset class
6
Monitoring & Risk Management
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