VALUE INVESTING WITH A HEDGE

We are a dedicated, research-driven asset management firm with over 25 years of experience in the financial industry. Our mission is to combine value investing with a hedge to maintain and expand the assets we manage, whereby we ensure that our clients are always connected to their investments.

Fund Manager

Our specialists are situated in Switzerland and execute a strategy with a focus on value investing and compounding, combined with an index hedge. We operate independently and autonomously with a long-term focus.

Professional Investors

Thirteen Asset Management AG is a dedicated, research driven asset management firm for professional investors; institutions, financial intermediaries, family offices and high net worth individuals.

Regulation

Thirteen Asset Management AG is an active member of the Swiss Association of Asset Managers (SAAM), affiliated with the SRO. This is a FINMA recognized self-regulating body.

OUR INVESTMENT STRATEGY & PHILOSOPHY

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Value Investing
Index Hedge
Compounding
Always Connected
Pension

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Columns

Every week, our Fund Manager, Jan Dwarshuis, writes a column on his opinionated view about the financial markets. His columns are published on “Follow the Money” (Dutch) and on our website.

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Columns

From Emotion to Reality

Pfäffikon SZ, Switzerland - Pfäffikon SZ, Switzerland - The Brexit is final; the European Union (EU) has become a legal and financial mess. The European…
Columns

Brexit as Positive Signal

Pfäffikon SZ, Switzerland - Finally, the voting on the Brexit is on the agenda next week. According to the bookmakers, there is nothing to worry about…
Columns

The Game of Musical Chairs

Pfäffikon SZ, Switzerland – Slowly, the ECB is changing direction to unknown financial waters. The Fed sets the tone in the U.S. The last company of…
Columns

Fragile Spiral

Pfäffikon SZ, Switzerland – Despite many promises from politicians and other policymakers, the economic recovery remains fragile. The latest economic…
Columns

Index hugging

Pfäffikon SZ, Switzerland – Back in 2015, the Dutch regulator AFM investigated how many Dutch investment funds qualified as index huggers. As usual,…
Columns

Statistics

Pfäffikon SZ, Switzerland – Many feel and know that something is very wrong with the world economy, but they cannot gain insights. Various macro data…
Columns

Is the Sun still Shining for Solar?

Pfäffikon SZ, Switzerland – Slowly investors are signaling the financial problems of several listed companies in certain sectors. In this case, the…
Columns

Japanese Whale

Pfäffikon SZ, Switzerland – Until recently, the monetary hocus pocus was relatively easy to understand. When a commercial bank did not have enough cash…
Columns

Chinese Stress

Pfäffikon SZ, Switzerland – In recent years, investors have more attention for the economic developments in China. The country is in transition and…
Columns

Growing Disconnection

Pfäffikon SZ, Switzerland – After almost ten years of central bankers modifying the economy, we can ask what was the effect? The conclusion is that…
Columns

Wake up Call from the Alps

Pfäffikon SZ, Switzerland – It probably escaped your attention, but in the Austrian Alps there is taking place a true Lehman debacle for some time now.…
Columns

Political Risks

Pfäffikon SZ, Switzerland – It is not excluded that the political course of 2016 will provide the financial markets with the necessary surprises. A…
Columns

Demographic Acceleration

Pfäffikon SZ, Switzerland – The false start of 2016 on the global stock markets was one of the worst ever. However, when we take into account the closing…
Columns

“Wir testen das jetzt mal”

Pfäffikon SZ, Switzerland – Now the monetary policy worldwide has gone too far, market participants are seeking solutions to cope with it. Insurance…
Columns

Fragile Juncture

Pfäffikon SZ, Switzerland – For years, investors are bivouacking between hope and fear. Central bankers are the gladiators of the 21st century; they…

Fund Updates

Every month, the monthly NAV of Thirteen Diversified Fund is officially calculated and published by CACEIS Bank Luxembourg Amsterdam Branch, the fund’s administrator.

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Fund Updates

NAV Thirteen Diversified Fund May 31, 2016: 72.17 | CACEIS Bank Luxembourg Amsterdam Branch

On May 31, 2016, the Net Asset Value (NAV) of Thirteen Diversified Fund is 72.17% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund April 30, 2016: 77.54 | CACEIS Bank Luxembourg Amsterdam Branch

On April 30, 2016, the Net Asset Value (NAV) of Thirteen Diversified Fund is 77.54% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund March 31, 2016: 76.07 | CACEIS Bank Luxembourg Amsterdam Branch

On March 31, 2016, the Net Asset Value (NAV) of Thirteen Diversified Fund is 76.07% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund February 29, 2016: 82.81 | CACEIS Bank Luxembourg Amsterdam Branch

On February 29, 2016, the Net Asset Value (NAV) of Thirteen Diversified Fund is 82.81% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund January 31, 2016: 83.07 | CACEIS Bank Luxembourg Amsterdam Branch

On January 31, 2016, the Net Asset Value (NAV) of Thirteen Diversified Fund is 83.07% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund December 31, 2015: 97.80 | CACEIS Bank Luxembourg Amsterdam Branch

On December 31, 2015, the Net Asset Value (NAV) of Thirteen Diversified Fund is 97.80% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund November 30, 2015: 118.46 | CACEIS Bank Luxembourg Amsterdam Branch

On November 30, 2015, the Net Asset Value (NAV) of Thirteen Diversified Fund is 118.46% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund October 31, 2015: 112.49 | CACEIS Bank Luxembourg Amsterdam Branch

On October 31, 2015, the Net Asset Value (NAV) of Thirteen Diversified Fund is 112.49% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund September 30, 2015: 90.65 | CACEIS Bank Luxembourg Amsterdam Branch

On September 30, 2015, the Net Asset Value (NAV) of Thirteen Diversified Fund is 90.65% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund August 31, 2015: 104.63 | CACEIS Bank Luxembourg Amsterdam Branch

On August 31, 2015, the Net Asset Value (NAV) of Thirteen Diversified Fund is 104.63% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund July 31, 2015: 130.00 | CACEIS Bank Luxembourg Amsterdam Branch

On July 31, 2015, the Net Asset Value (NAV) of Thirteen Diversified Fund is 130.00% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund June 30, 2015: 126.81 | CACEIS Bank Luxembourg Amsterdam Branch

On June 30, 2015, the Net Asset Value (NAV) of Thirteen Diversified Fund is 126.81% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund May 31, 2015: 125.98 | CACEIS Bank Luxembourg Amsterdam Branch

On May 31, 2015, the Net Asset Value (NAV) of Thirteen Diversified Fund is 125.98% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund April 30, 2015: 126.57 | CACEIS Bank Luxembourg Amsterdam Branch

On April 30, 2015, the Net Asset Value (NAV) of Thirteen Diversified Fund is 126.57% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund March 31, 2015: 128.03 | CACEIS Bank Luxembourg Amsterdam Branch

On March 31, 2015, the Net Asset Value (NAV) of Thirteen Diversified Fund is 128.03% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…

Market Outlooks

Every week, we publish a short Market Outlook in which we give a summarized view of the financial markets for that coming week.

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Market Outlook

Weekly Market Outlook June 26, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Brexit delivers an uncertain situation for investors. European stock markets processed their biggest…
Market Outlook

Weekly Market Outlook June 19, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Last week, the risks increased on the global markets. The market behavior is very similar to the…
Market Outlook

Weekly Market Outlook June 12, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Investors flee to safe havens. Japanese, English and German bond yields fell to historic lows, which…
Market Outlook

Weekly Market Outlook June 5, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – The latest figures on the U.S. economy confirm a fragile image. Additionally, the Nasdaq is lagging…
Market Outlook

Weekly Market Outlook May 29, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Last week, little has changed. The market is moving sideways and seems to be gaining some momentum,…
Market Outlook

Weekly Market Outlook May 22, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Since mid-2012, there has been accumulation and participation in the S&P 500. Currently, the market…
Market Outlook

Weekly Market Outlook May 15, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Slowly, the Bears seem to get more control over the market. Our observations are unchanged and have…
Market Outlook

Weekly Market Outlook May 8, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Compared to last week, little has changed, even though the stock markets are under pressure. However,…
Market Outlook

Weekly Market Outlook May 1, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Apple confirms to have become a victim of a global economic slowdown. The most recent data from…
Market Outlook

Weekly Market Outlook April 24, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – The Bloomberg financial conditions indicator erodes since 2014 while the S&P 500 further increases.…
Market Outlook

Weekly Market Outlook April 17, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – In our previous outlook, we mentioned that the probability of a recession in the U.S. is slowly…
Market Outlook

Weekly Market Outlook April 10, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – The IMF was fair and transparent about the economic outlook; the recovery of the world economy is…
Market Outlook

Weekly Market Outlook April 3, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Striking was the end of last Friday, where Asia and Europe closed in negative territory, while the…
Market Outlook

Weekly Market Outlook March 28, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Last week, all of our indicators deteriorated slightly. GDP in the U.S. admittedly increased 1.4%…
Market Outlook

Weekly Market Outlook March 20, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – The formation of a top is an extremely complex process, where investors are continually put on the…

Newsletters

Every month, we write a newsletter in which we explain the events that influenced Thirteen Diversified Fund’s portfolio, how we managed the events that occurred, and how our performance was established.

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Newsletters

Newsletter Thirteen Diversified Fund May 2016

NAV May 2016: - 6.91% NAV Year to Date: - 26.20% NAV Year over Year: - 42.71% NAV since inception: - 27.83% Value participation: 72.17% Markets The…
Newsletters

Newsletter Thirteen Diversified Fund April 2016

NAV April 2016: + 1.92% NAV Year to Date: - 20.72% NAV Year over Year: - 38.74% NAV since inception: - 22.46% Value participation: 77.54% Markets Where…
Newsletters

Newsletter Thirteen Diversified Fund March 2016

NAV March 2016: - 8.14% NAV Year to Date: - 22.21% NAV Year over Year: - 40.58% NAV since inception: - 23.93% Value participation: 76.07% Markets March…
Newsletters

Newsletter Thirteen Diversified Fund February 2016

NAV February 2016: - 0.31% NAV Year to Date: - 15.32% NAV Year over Year: - 30.63% NAV since inception: - 17.19% Value participation: 82.81% Markets February…
Newsletters

Newsletter Thirteen Diversified Fund January 2016

NAV January 2016: - 15.06% NAV Year to Date: - 15.06% NAV Year over Year: - 25.01% NAV since inception: - 16.93% Value participation: 83.07% Markets The…
Newsletters

Newsletter Thirteen Diversified Fund December 2015

NAV December 2015: - 17.44% NAV Year to Date: - 6.20% NAV Year over Year: - 6.20% NAV since inception: - 2.20% Value participation: 97.80% Markets December…
Newsletters

Newsletter Thirteen Diversified Fund November 2015

NAV November 2015: + 5.30% NAV Year to Date: + 13.62% NAV Year over Year: + 6.69% NAV since inception: + 18.46% Value participation: 118.46% Markets Many…
Newsletters

Newsletter Thirteen Diversified Fund October 2015

NAV October 2015: + 24.09% NAV Year to Date: + 7.90% NAV Year over Year: + 4.49% NAV since inception: + 12.49% Value participation: 112.49% Markets October…
Newsletters

Newsletter Thirteen Diversified Fund September 2015

NAV September 2015: - 13.36% NAV Year to Date: - 13.05% NAV Year over Year: - 8.57% NAV since inception: - 9.35% Value participation: 90.65% Markets "Painful…
Newsletters

Newsletter Thirteen Diversified Fund August 2015

NAV August 2015: - 19.52% NAV Year to Date: + 0.36% NAV Year over Year: - 10.03% NAV since inception: + 4.63% Value participation: 104.63% Markets The…
Newsletters

Newsletter Thirteen Diversified Fund July 2015

NAV July 2015: + 2.52% NAV Year to Date: + 24.69% NAV Year over Year: + 15.73% NAV since inception: + 30.00% Value participation: 130.00% Markets The…
Newsletters

Newsletter Thirteen Diversified Fund June 2015

NAV June 2015: + 0.66% NAV Year to Date: + 21.63% NAV Year over Year: + 10.09% NAV since inception: + 26.81% Value participation: 126.81% Markets Rising…
Newsletters

Newsletter Thirteen Diversified Fund May 2015

NAV May 2015: - 0.46% NAV Year to Date: + 20.83% NAV Year over Year: + 10.12% NAV since inception: + 25.98% Value participation: 125.98% Markets The…
Newsletters

Newsletter Thirteen Diversified Fund April 2015

NAV April 2015: - 1.14% NAV Year to Date: + 21.40% NAV Year over Year: + 22.50% NAV since inception: + 26.57% Value participation: 126.57% Markets In…
Newsletters

Newsletter Thirteen Diversified Fund March 2015

NAV March 2015: + 7.26% NAV Year to Date: + 22.80% NAV Year over Year: + 21.59% NAV since inception: + 28.03% Value participation: 128.03% Markets March…
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