Technology and innovation
are key to the theory of change
Welcome to tomorrow
Directing capital flows in a manner that makes the world a better place starts with a clear understanding of long run social and environmental systemic risks . For us at Asteria IM, the transition to a low carbon, resource efficient and socially inclusive economy is inevitable. This transition presents investors with capital preservation and growth goals with both risks and opportunities at an asset class, sector, and geographic level. Critically it requires the ability to identify business and projects that contribute to positive social and environmental change while generating financial returns.
We are a pure-play Swiss impact investor dedicated to managing your investments in a manner that solves for risk, return and impact.
We do this through private capital investment solutions that are led and managed by experts and driven by state-of-the-art technology. In turn, our investors benefit from innovative impact investment solutions that make a difference.
Asteria IM is offering an unparalleled track record in impact investment to build on the opportunities of tomorrow.
As part of our strategic partnership with Man Group, the global, technology-empowered active investment management firm, we will also be launching a range of technology-enabled alternative and long-only investment strategies. These strategies will combine Man Group’s expertise in bespoke portfolio solutions, the strong investment management capabilities of both Man Group /Asteria IM and Fideuram – Intesa Sanpaolo Private Banking’s (F-ISPB) private banking expertise.
Impact with returns
Impact investing does not have to mean compromise on return potential. This is why we manage impact products across a range of asset classes while incorporating both social and environmental impact targets.
By investing with us, you can support global progress on issues such as food security, poverty alleviation, pollution prevention, climate change and inequality reduction.
In our Equity strategies we only invest in companies whose activities make a positive impact and involve no negative exposures. This selection is possible thanks to our proprietary methodology that allows us to measure the impact contribution of the companies we invest in. For our Fixed Income investment solution, we diligently select high impact bonds based on their use of proceeds.
Tomorrow’s energy world – what is cooking in Dubai?
COP28 blog #3 from Natacha Guerdat, Head of Research The global energy landscape is undergoing significant changes, with a growing focus on reducing greenhouse gas (GHG) emissions and transitioning to a low-carbon economy. However, achieving consensus on these issues remains a challenge, as demonstrated by the ongoing discussions at the COP28 conference in Dubai. In
The 2023 Global Stocktake grade: F
COP 28 blog by Natacha Guerdat, Head of Research From November 30 to December 12, 2023, Dubai will host the 28th session of the Conference of the Parties (COP 28) to the UNFCCC. This session is also the fifth session of the Conference of the Parties to the Paris Agreement (CMA 5) Are we on
COP 28: Five Topics to Keep an Eye on
by Natacha Guerdat, Head of Research COP 28: 30 November to 12 December in Dubai On the 17th of November, Copernicus, the European observatory, has recorded the global average temperature at 2.06° above pre-industrial level. The results from record temperature from June to October this year. This has led to increasing both the frequency and
Fideuram – Intesa Sanpaolo Private Banking and Man Group close Asteria transaction and launch new partnership
Milan, London, 31 October 2023 Milan, London, 31 October 2023 – Further to the announcement of a strategic asset management partnership on 29 June 2023, Fideuram – Intesa Sanpaolo Private Banking (“F-ISPB”) and Man Group are pleased to confirm that regulatory approvals have now been obtained. Man Group has taken a 51% interest in Asteria
What to think about Climate Benchmarks?
Dries Cornilly, CAIA, Investment Manager In a world grappling with climate change, climate benchmarks have emerged as easy solutions for passive investors looking to align their equity portfolios with a sustainable future. They integrate objectives related to greenhouse gas (GHG) emission reductions and the transit to a low-carbon economy through the selection and weighting of
Why are bonds so crucial for institutional investors and how can private investors benefit?
Impact Credit Insights by Luca Manera, CFA, Investment Manager Heralding the return of fixed income Investors have heralded the return of bonds over the past two years, as interest rates and yields jumped to levels that were last seen more than a decade ago. The surge in inflation has forced central banks to embark on
SIF 2023: A forum about sustainable investments & the green transition
by Natacha Guerdat, Head of Research at Asteria IM & Philippe Masset, Cédric Poretti & Jean-Philippe Weisskopf – Associate Professors at EHL Hospitality Business School Insights from EHL’s first Sustainable Investing Forum where new sustainable finance initiatives were discussed. The event brought together leading academic researchers and practitioners to create a platform to foster fruitful
Decarbonizing the world, certificate by certificate
Dries Cornilly, CAIA, Investment Manager The Emissions Trading System (ETS) has emerged as an effective policy tool in the global mission to decarbonize. Efficient across post- and pre-industrial economies, its adoption accelerates the pace of carbon emission reduction. Surprisingly, the ETS’s impact surpasses even that of oil crises and other global events in terms of
Check-up on the Paris Agreement Goals
by Natacha Guerdat, Head of Research From November 30, 2023 to December 12, 2023, Dubai will host the 28th session of the COP 28 to the UNFCCC. Acting as a 5-year check-up, countries are expected to expose their progress on meeting the Paris Agreement goals, and they are agreeing on setting objectives for the next
What does SFDR mean in sustainability?
Impact Insights podcast by Natacha Guerdat If you are interested in sustainability-linked investment solutions within the European Union, you might have heard about the new regulations called SFDR. In this episode, our podcast guest, Natacha Guerdat explains what these regulations are. Enjoy listening to it!
Green Bond Market: back on track in H1’23
Impact Credit Insights by Luca Manera, CFA, Investment Manager Green Bond Market: back on track in H1’23 The first half of 2023 is surely one for the record books, with the best start ever for European equities, deeply inverted yield curves, and interest rate volatility last seen during the financial crisis. In addition, markets weathered
Do the SFDR regulations in impact investment help to weed out “greenwashers”?
by Natacha Guerdat, Head of Research Sustainable investing has made remarkable progress in recent years and is no longer seen as a niche discipline within the industry. Sustainable Finance Disclosure Regulation (SFDR) alone will not address the issue of greenwashing, but it does contribute to it. Despite this growing popularity, challenges remain and there is
FIDEURAM – INTESA SANPAOLO PRIVATE BANKING and MAN GROUP announce strategic asset management partnership including Asteria
Milan, London, 29 June 2023 Fideuram – Intesa Sanpaolo Private Banking and Man Group announce strategic asset management Partnership The new venture will combine F-ISPB’s private banking expertise in Europe with Man Group’s investment solutions capabilities Milan, London, 29 June 2023 – Fideuram – Intesa Sanpaolo Private Banking (“F-ISPB”) has identified Man Group as the
Shall the costs of sustainable investment solutions be a barrier for institutional investors?
Pension Funds Blog by Guido Bolliger Management and investment costs are supported by pension funds’ beneficiaries. The 2022 Swisscanto Pension Fund Study estimates the investment costs to average 0.5% in Switzerland. There is an ongoing debate about the potential additional investment costs of sustainable investment solutions. What factors may explain a cost difference between sustainable
The riskiness of green investing
by Guido Bolliger 25 May 2023 In Switzerland, the fiduciary duties that apply to pension funds include sufficient return, sufficient liquidity, risk diversification, and investment risk. With the raising importance of “green investing”, pension fund trustees have thus the task of assessing the risk of sustainable investment products. Portfolio diversification Regarding risk diversification, liquid sustainable
Where Does Pension Funds’ Fear of Greenwashing Come From?
Author: Guido Bolliger, CIO 17 May 2023 Ajax washes whiter but ESG does not always wash greener (yet)! ESG and sustainable finance markets are soaring and so are probes against asset managers for overstating their ESG practices. This overstatement is named greenwashing. It has caused some investors to question the ability of finance to contribute
2023 EHL Sustainable Investing Forum
6 June 2023, EHL Campus Lausanne Bringing together leading academic researchers and practitioners searching for robust approaches to pursue a sustainable investment strategy.
Can investors justify their reluctance to reduce emissions by poor data quality?
Pension Funds blog by Guido Bolliger If investors want to measure if they achieved their KPIs in terms of durability or assess their exposure to climate risk, they need clean and reliable data. Berg, Kölbel, and Rigobon (2022) investigate the level of correlation between ESG-ratings provided by different agencies. They show that their cross-sectional correlations
The implementation of climate objectives by investor
Pension Funds Blog by Guido Bolliger, CIO In the recent climate survey carried out among 300 institutional and wholesale investors by Robecco, 51% of respondents say that the energy crisis has reinforced the importance of moving away from fossil fuels and towards renewable energy. The same survey shows that the proportion of investors who have
Can pension funds contribute to the climate transition whilst filling their fiduciary duty?
Pension Funds blog by Guido Bolliger, CIO 21 April 2023 The fiduciary duties that apply to pension funds when investing assets include security of the investment, risk diversification, sufficient return to match their liabilities, and the avoidance of liquidity mismatches. During the last few years, the actions of both regulators and umbrella associations (e.g. ASIP
Pension Symposium 2023
sponsored by Asteria Obviam 14-15 June 2023 The Pension Symposium is the meeting place for all important decision-makers in the 2nd pillar. As one of the main sponsor of this year’s symposium, we are looking forward to the numerous opportunities for exchange and will be happy to meet you personally at our stand No. 112.
Feeling less dizzy: Bond yield breakeven(s)
Impact Credit Insights by Luca Manera, Investment Manager 12 April 2023 The first quarter of 2023 will be on the record books, as markets have been on a rollercoaster ride driven by a surge in volatility. January kicked off with a record start for European equities and a continued rally in credit, by February the
Climate change & gender equality: A call to action
Author: Natacha Guerdat, Head of Research 31 March 2023 Mobilizing women will be necessary in order to mobilize climate solutions and foster a just transition. Why should we add a gender lens in climate investing decisions? Reaching gender equality and fighting climate change share a couple of unfortunate commonalities. They both affect vulnerable communities and
Opportunities in biodiversity investing
by Natacha Guerdat, Head of Research 21 March 2023 Wealth creation is highly dependent on a healthy ecosystem. Additionally, the goal of keeping temperature rise under 1.5 degrees is unlikely if biodiversity is not addressed. The topic of nature is moving up the investor agenda as awareness grows about the risks that biodiversity loss poses
Biodiversity data sourcing and measurement
by Natacha Guerdat, Head of Research 14 March 2023 In order to factor nature and biodiversity into business and financial decisions, we need frameworks to understand how our production practices should transition. The 15th United Nations Biodiversity Conference held in Montreal late December, saw the adoption of the Kunming-Montreal Global Biodiversity Framework (GBF) sending a
How to integrate biodiversity into your investment decisions?
by Natacha Guerdat, Head of Research 28 February 2023 Economic growth is driven by income generated by produced capital, human capital, and natural capital. We have made progress on understanding how to efficiently manage production processes, human resources but not natural capital. All economic activities depend more or less on ecosystem services, certain can cause
Impact credit insights
Deeper into inversion, preparing for a steepening Author: Luca Manera, CFA, Investment Manager Geneva, 27 February 2023 In 2022, the FED embarked on the fastest hiking cycle to battle soaring inflation as it peaked towards 10%. The persistence in core-CPI, the tightest labour market and record high wage growth has forced the FED to increase
Biodiversity-related targets: the next environmental challenge for business
Geneva, February 13th, 2023 Author: Dries Cornilly, CAIA, Investment Manager, Asteria Obviam It is human nature to overestimate one’s capabilities and underestimate the time required to finish a project. The difficulties only increase when complexity is added, rendering planning extremely fragile. Of the 20 targets set in 2010 by the UN’s Convention on Biological Diversity
Mind the (duration) gap: from risk to opportunity in green bonds
Impact Credit Insights by Luca Manera The recent decline in bond yields serves as a reminder of the potential benefits that high interest rate sensitive bonds can offer to investors. However, it is important to note that this I overshadowed by the significant increase in interest rates over the past three years. Just like yields