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

Click on an icon to learn more about our main investment topics.

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

Performing

Pfäffikon SZ, Switzerland - When a modest investment manager is asked in which bank one can best invest globally seen he will advise Wells Fargo. The…
Columns

Cash

Pfäffikon SZ, Switzerland - Cash is emerging as the most hated asset class in the world. In the current juncture, investors accept negative interest rates…
Columns

Cannibalism

Pfäffikon SZ, Switzerland - A complete transition in energy is long in coming. Shell CEO, Ben van Beurden, says that fossil energy in many cases can not…
Columns

Less Cylinders

Pfäffikon SZ, Switzerland - Last weekend I paid a short visit to the Netherlands for a wedding on a beautiful estate in the middle of the country. In…
Columns

Productive Shifts

Pfäffikon SZ, Switzerland - Investors measure the state of the economy with different parameters. It is a fact that some features of the economy are so…
Columns

European Stability

Pfäffikon SZ, Switzerland - When we look at the price development of several European banks, a comparison with 2008 is obvious. U.S. Citigroup was then…
Columns

Pension as Risk

Pfäffikon SZ, Switzerland - The time when the power of the phenomenon of the interest rate on interest rate was taught in school lies behind us. Currently,…
Columns

Currency or Economy

Pfäffikon SZ, Switzerland - Investors are increasingly choosing extremes in their policies. In recent weeks, I have highlighted some extremes that somewhat…
Columns

Under the Mattress

Pfäffikon SZ, Switzerland - While fund managers are holding more cash position, individuals are opting to increase their debt position. Since 2001, fund…
Columns

The World Upside Down

Pfäffikon SZ, Switzerland - The signals issued by the financial market are contradictory. On the one hand, investors flee into expensive bonds while they…
Columns

Pain Level

Pfäffikon SZ, Switzerland - The pain level of investors has been expertly scaled up the last few decades. Nothing seems to disorient investors. Several…
Columns

European Powder Keg

Pfäffikon SZ, Switzerland - The flaws of the European Union (EU) have been put under the carpet for too long. Additionally, the European citizen feels…
Columns

From Emotion to Reality

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

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 August 31, 2016: 54.04 | CACEIS Bank Luxembourg Amsterdam Branch

On August 31, 2016, the Net Asset Value (NAV) of Thirteen Diversified Fund is 54.04% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund July 31, 2016: 52.47 | CACEIS Bank Luxembourg Amsterdam Branch

On July 31, 2016, the Net Asset Value (NAV) of Thirteen Diversified Fund is 52.47% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
Fund Updates

NAV Thirteen Diversified Fund June 30, 2016: 62.25 | CACEIS Bank Luxembourg Amsterdam Branch

On June 30, 2016, the Net Asset Value (NAV) of Thirteen Diversified Fund is 62.25% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…
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…

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 September 18, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Again, the U.S. retail sales were disappointing last week. Investors focus on the upcoming interest…
Market Outlook

Weekly Market Outlook September 11, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Last Friday, the S&P 500 experienced the worst day since June 24, 2016 (Brexit). The remark by Eric…
Market Outlook

Weekly Market Outlook September 4, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Investors appear to be willing to embrace indicators without any reflection. Basic facts are ignored…
Market Outlook

Weekly Market Outlook August 28, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – The S&P 500 experienced the worst week since June this year, even though the results are relatively…
Market Outlook

Weekly Market Outlook August 21, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Optimism continues to flourish on the stock markets. However, we already wonder for some time whether…
Market Outlook

Weekly Market Outlook August 14, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Compared to a week ago, little has changed. Despite the deteriorating economic data, the market…
Market Outlook

Weekly Market Outlook August 7, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Last Friday, the latest jobs figure from the U.S. was immediately seized to set prices higher. YOY…
Market Outlook

Weekly Market Outlook July 31, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – The recent volatility in the interest rate is often a prelude to more volatility in equities. Slowly…
Market Outlook

Weekly Market Outlook July 24, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Compared to last week, little has changed. Three weeks ago, technical analysts still predicted share…
Market Outlook

Weekly Market Outlook July 17, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Last week, our indicators showed a slight recovery but still lack conviction. In particular, technology…
Market Outlook

Weekly Market Outlook July 10, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Despite the rebound in the S&P 500 over the past week, the market lacks conviction. Virtually all…
Market Outlook

Weekly Market Outlook July 4, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – The Brexit has confused investors. The financial markets are increasingly disconnected from the…
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…

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 August 2016

NAV August 2016: + 3.00% NAV Year to Date: - 44.74% NAV Year over Year: - 48.35% NAV since inception: -45.96% Value participation: 54.04% Markets In…
Newsletters

Newsletter Thirteen Diversified Fund July 2016

NAV July 2016: - 15.72% NAV Year to Date: - 46.35% NAV Year over Year: - 59.64% NAV since inception: -47.53% Value participation: 52.47% Markets The…
Newsletters

Newsletter Thirteen Diversified Fund June 2016

NAV June 2016: - 13.75% NAV Year to Date: - 36.35% NAV Year over Year: - 50.91% NAV since inception: -37.75% Value participation: 62.25% Markets June…
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…
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