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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Safe Bonds, Safe Dollars

Pfäffikon SZ, Switzerland - Stocks are dangerous and bonds are safe is the general idea. However, recent shifts in the financial minefield ––created…

Winners and Losers

Pfäffikon SZ, Switzerland - The election of Donald Trump has resulted in different shifts at the financial markets. The globally supported MSCI index…

Globalization

Pfäffikon SZ, Switzerland - The choice on Donald Trump as president of the U.S. confirms that anti-globalization is gaining popularity in developed economies.…

Changing of Guard

Pfäffikon SZ, Switzerland - Which almost no one thought possible happened nevertheless; Donald Trump will be the 45th president of the United States.…

Elite under Pressure

Pfäffikon SZ, Switzerland - The denouement of the US election is imminent. The elite in Washington imagined themselves safe, but the course is more unpredictable…

Shell of Volatility

Pfäffikon SZ, Switzerland - The growth of the financial industry seems unstoppable. The years 2007 and 2008 have painfully exposed what can happen when…

Monetary Turbulence

Pfäffikon SZ, Switzerland - Many investors may not realize enough that we are still in one of the major financial shock waves. These waves sometimes last…

Debt is Good?

Pfäffikon SZ, Switzerland - Where there is debt, there are also assets. The structurally higher level of prosperity should justify high debt. A higher…

Counterparty Risk

Pfäffikon SZ, Switzerland - As before, the financial world is again quite moving. On the one hand Nationale Nederlanden (NN) is trying to acquire rival…

Treacherous

Pfäffikon SZ, Switzerland - September and October are historically difficult months on the global markets. However, investors still seem little impressed…

False Election Rhetoric

Pfäffikon SZ, Switzerland - That the current economic juncture is fragile will probably not surprise you. Last week, all eyes were focused on the meaningless…

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…

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…

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…

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…

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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NAV Thirteen Diversified Fund November 30, 2016: 58.91 | CACEIS Bank Luxembourg Amsterdam Branch

On November 30, 2016, the Net Asset Value (NAV) of Thirteen Diversified Fund is 58.91% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…

NAV Thirteen Diversified Fund October 31, 2016: 70.08 | CACEIS Bank Luxembourg Amsterdam Branch

On October 31, 2016, the Net Asset Value (NAV) of Thirteen Diversified Fund is 70.08% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…

NAV Thirteen Diversified Fund September 30, 2016: 59.38 | CACEIS Bank Luxembourg Amsterdam Branch

On September 30, 2016, the Net Asset Value (NAV) of Thirteen Diversified Fund is 59.38% Net of Fees. This NAV is calculated by CACEIS Bank Luxembourg Amsterdam…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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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Weekly Market Outlook December 4, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland - Investors are mainly focusing on the impact of the Italian referendum and the Austrian elections.…

Weekly Market Outlook November 27, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland - Investors are in a good mood, fair valuations are put aside for quite some time. The coming week will…

Weekly Market Outlook November 20, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland - The Trump effect runs slowly out of the market. Besides the optimism about the plans of Donald Trump…

Weekly Market Outlook November 13, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland - Fear and euphoria alternated. The choice of Trump as president of the U.S. was responsible for the…

Weekly Market Outlook November 6, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland - Investors are nervous about the possible outcome of the U.S. election. This resulted in a losing streak…

Weekly Market Outlook October 30, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland - Since June, the market is in a historically narrow trading range of around 3%. Last week, the bond…

Weekly Market Outlook October 23, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland - Compared to the previous week, little has changed; the S&P 500 closed almost unchanged (+0.30%). According…

Weekly Market Outlook October 16, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – The risk of a substantial correction has increased further. Many investors find it hard to correctly…

Weekly Market Outlook October 9, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – Unrest around the British pound resulted in a nervous mood. A so-called "flash crash" pushed the…

Weekly Market Outlook October 2, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – In mid-August, we discussed the problems of Deutsche Bank, Germany’s largest bank. Last week,…

Weekly Market Outlook September 25, 2016

Weekly Market Outlook: Pfäffikon SZ, Switzerland – A meaningless interest rate decision by the Federal Reserve gave investors hope for a continuation…

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…

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…

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…

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…

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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Newsletter Thirteen Diversified Fund October 2016

NAV October 2016: +18.03% NAV Year to Date: -28.34% NAV Year over Year: -37.70% NAV since inception: -29.92% Value participation: 70.08% Markets The…

Newsletter Thirteen Diversified Fund September 2016

NAV September 2016: + 9.87% NAV Year to Date: - 39.29% NAV Year over Year: - 34.50% NAV since inception: -40.62% Value participation: 59.38% Markets The…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…
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