At a glance
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PPCmetrics has been providing consulting services to institutional investors and private investors since 1991
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We advise private investors on their investment strategy as well as the cost-effective implementation and professional monitoring of investments
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To avoid conflicts of interests, PPCmetrics strictly offers no asset management services
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Our advice is fully independent. Remuneration is on a cost basis only.
Private investors, family offices and UHNWI
Private investors, family offices and UHNWI (Ultra High Networth Individuals) increasingly wish to be treated in the same way as institutional investors. However, there is still a considerable quality and cost difference between asset management for institutional and private investors. PPCmetrics can guarantee that private assets are invested in accordance with the same principles as for professional institutional investors.
We provide the following services for private investors:
- Independent determination of the most suitable investment strategy / ALM (Asset Liability Management), bearing in mind the specific return expectations and restrictions
- Support in asset manager selection, formulation of investment guidelines, and contract negotiations
- Evaluation of asset management fees, including portfolio analysis for hidden charges / retrocession fees
- Portfolio analysis: independent evaluation of current investments with respect to the performance, costs and risks of the investment vehicles being used
- Investment controlling: on-going, independent assessment of investment results
Contact persons

Dr. Dominique Ammann
Partner
Contact

Dr. Hansruedi Scherer
Partner
Contact
Publications

Is faith in past winners justified?
Rankings of top performers are publicly available for retail funds. However, databases for institutional mandates (segregated accounts and institutional funds) are still incomplete and rare. For our historical simulation of picking past winners we use a set of track records that were submitted by asset managers as part of public and non-public mandate tenders for institutional clients in Europe.

Asset Liability Management Today – Is it Still ‘Fit for Purpose’?
The target of asset liability management is to align the assets to the liabilities, i.e. managing risks due to mismatches between the assets and liabilities.

Challenges Pension Funds Face due to Low Interest Rates
Risk-averse asset-only investors should go for short duration as risk return is distributed highly asymmetrically.
Investment Strategies in the Year 2013 - English Version
In the year 2013, there were losses in the bond markets, while equity markets had high positive returns. As a result, the investment results of the different strategies varied widely. Pension funds, which have fully used their risk capacity through a large equity exposure, were able to benefit from this market environment. In addition, currency hedging and investments in corporate bonds, small caps, and non-listed real estate were positive as well...

Is factor-based allocation new?
Factor-based allocation may be theoretically interesting for Swiss pension funds but it is hard to implement in a practical way.
Asset Manager Selection based on historical performance - English Version
Historical performance is a frequently used criterion to select asset managers. Our empirical analysis, however, shows that after hiring an asset manager with such an outstanding performance, the asset manager performs significantly worse in the period after the selection. In some cases, the selected managers even performed significantly worse than a control sample.

Asset Manager Selection under Public Procurement Legislation
"Why has the selection process and transparency become more important in the search of asset managers? What is different in a public procurement process under EU Regulation than in a ´normal´ selection process? How to deal with a very high number of candidates? Our experiences with public tenders in the last 5 years"
Factsheets
Private investors
