Better than the benchmark – Kaiser Partner Privatbank AG
Performance Project 7 by FUCHS | Richter Prüfinstanz
Investing is a marathon, not a sprint. That also goes for the five-year Performance Project 7 competition being conducted by independent testing firm FUCHS|Richter Prüfinstanz. For a year now, Kaiser Partner Privatbank together with 42 other banks and asset managers in the German-speaking world have been engaged in the challenge of managing a fictional private client’s assets in a discretionary mandate with the goal of beating a benchmark composed of six ETFs.
The fictional client’s ambitions are not trivial. She would like to invest 2 million euros and to withdraw EUR 20,000 annually for personal spending purposes. She would like to at least preserve her wealth over the long term. She is willing to take a certain amount of risk to grow the value of her assets, but is unwilling to tolerate more than a 20% temporary drawdown from the last high-water mark.
The hurdle for the participants in Performance Project 7 to clear is exceptionally high especially in 2022, which has been a turbulent year for investors as nearly every asset class has sustained heavy losses. One year into the project, only eight participating institutions have beaten the benchmark thus far. This small pack of frontrunners includes Kaiser Partner Privatbank. With a rigorous active strategy and solid returns, we have succeeded in ranking among the very best in every single quarter thus far. For the remainder of the competition, our focus will stay on pursuing a robust investment strategy and a forward-looking tactical asset allocation.