We are proud to announce...
Patrick Ferrari Woodman's new Chief Executive Officer, Pascal Boeuf appointed Chief Investment Officer
February 21, 2019
Zug, Switzerland - The Woodman Board of Directors has unanimously appointed Patrick Ferrari as Chief Executive Officer (CEO) of Woodman Asset Management AG with effect from 1st of January 2019. His appointment has been approved on 14th of February 2019 by the Swiss Financial Market Supervisory Authority (FINMA).
Patrick Ferrari succeeds Daniel Aaxman as CEO. Pascal Boeuf has been appointed to the role of Chief Investment Officer (CIO) and will take the responsibility for managing the investment strategy.
Patrick Ferrari holds a master’s degree in law from the University of Zurich, Switzerland, and is also admitted to the Swiss bar. To date his whole career in private banking has been built on a strategy of growth, innovation and entrepreneurship. Originally from Lugano, he acquired many years of experience from his various roles there, in Zurich and Singapore. Most recently he worked in a senior role at Credit Suisse, Zurich as legal counsel, where he contributed to the establishment of a Fund platform and prior to that he spent a number of years in Singapore; firstly, at LGT Bank, as a Member of the Management Committee and then in a fast-growing Multi Family Office, where he led various new business development projects.
Patrick Ferrari, CEO:
“Our team’s vision is to position Woodman as an independent Wealth Manager with a niche investment offering and with a powerful entrepreneurial background. Our strong investment team based in Switzerland, United Kingdom, Denmark and Boston US is covering core and alternative investment solutions. We are unique in our market segment and ready for growth.”
Pascal Boeuf, who has been appointed to the role of CIO, holds a master’s degree in Aeronautical Engineering from Imperial College in London and is also a Chartered Financial Analyst. He is an experienced investment professional and manager of investment teams with a strong performance track record. He started his career in Corporate Finance and then worked for many years at UBS Asset Management as Senior Portfolio Manager and later Head of the German Equities team in London, Zurich and Frankfurt. At UBS his clients included sovereign wealth funds, pension funds, UHNW individuals, banks and retail investors.
Pascal Boeuf, CIO:
“Together with our investment team we are focused on delivering industry leading returns. I am convinced that our Company provides a unique platform that will maintain and attract exceptional investment professionals focused on delivering performance for our clients.”
Woodman Launches Currencies Fund in UCITS Format
September 7, 2016
Zug, Switzerland - Woodman Asset Management AG, a specialist investment firm based in Zug, has launched a global currencies fund in UCITS format– Woodman Global Currencies. The fund will build on the knowledge and expertise that the Woodman Foreign Exchange (FX) Team, headed by Lasse Andersen, has gathered over the past years, running similar FX strategies on a mandated basis.
The fund, whose base currency will be the US dollar (USD), will invest in global currencies, where the majority will be in G20 currencies, and to a lesser extent in Emerging Markets currencies. The investment team will analyse technical and fundamental factors on a discretionary and systematic basis to uncover attractive investment opportunities, whilst portfolio optimisation models will help size positions. A strict risk management system will be deployed to limit large adverse movements in returns.
“The foreign exchange market is the largest and most liquid market in the world, where central banks have disrupted currency valuations over the past few years, creating an opportunity-set that has heavily influenced the returns of traditional investment portfolios”, said Lasse Andersen, Head of FX Trading at Woodman Asset Management. “We believe central banks will continue to impact the markets, which will continue to create value opportunities and uncorrelated returns”, he continued.
“We have seen an increased demand in our currency solutions”, said Torben Degn, Chief Investment Officer at Woodman Asset Management, “but now we have an investor friendly vehicle in a UCITS framework, where we can provide investors a vehicle that can capture FX returns in a diversified and a structured manner”, he said.
The Woodman Global Currencies Fund will be managed by Lasse Andersen and Thomas Wind with the support of Jerome Tremblay (Analyst). Currently the team is managing $470m in several currency mandates and advisory accounts.
Woodman Hires Equity Veteran Pascal Boeuf as Head of Equities
September 1st, 2016
Zug, Switzerland - Woodman Asset Management AG, a specialist investment firm based in Zug, has hired Pascal Boeuf, from UBS Asset Management, to become Head of Equities. At Woodman he will be a senior portfolio manager responsible for equity investment solutions, and will report to Torben Degn, Chief Investment Officer (CIO) at Woodman Asset Management.
Pascal has over 20 years investment experience, most recently from UBS Asset Management (UBS), which he joined in 2003. At UBS he managed a number of pan-European small- & mid-cap mandates and German equity funds, including the UBS (Lux) Equity Fund - Mid Caps Europe and UBS (D) Aktienfonds - Special I Deutschland. In addition to this, he was also Head of German Equities (from 2008), with a team based in Zurich and Frankfurt. Further, Pascal co-managed the UBS (Lux/CH) Equity Funds-Energy. At the time of his departure from UBS, Pascal was Lead Portfolio Manager of five (5) and Deputy Portfolio Manager of two (2) open-ended equity wholesale funds.
Prior to joining UBS in London in 2003, Pascal was a Portfolio Manager at a boutique asset management group, which he established with former colleagues from SalomonSmithBarney. Pascal started his career in corporate finance in 1995 advising on mergers and acquisitions at Salomon Brothers and Hill Samuel.
“We are delighted that Pascal has decided to join Woodman Asset Management. His experience and expertise will bring new dimensions to our firm”, commented Torben Degn, CIO of Woodman Asset Management, “As we continue to grow, we continously seek experienced and talented investment professionals who share our culture of performance and quality”.
“I am excited to join such a dynamic and entrepreneurial firm, providing an excellent foundation to build on”, said Pascal Boeuf, “together with the existing team at Woodman Asset Management, I look forward to growing the equity offering with our clients' best interests at heart”, he continued.
Pascal has a M.Eng (1995) in Aeronautical Engineering from Imperial College in London and is a CFA Charterholder (2001).
Woodman Asset Management AG Investment in Leading Automated 3D Printing Firm
August 18, 2016
Zug, Switzerland - Woodman Asset Management AG, a specialist investment firm based in Zug, has led the Series A financing in NVBOTS, the leading provider of automated 3D printing solutions, that will fuel the sales of its NVPro plastics printers and the development of its new multi-metal printers.
“We are pleased to lead the NVBOTS financing,” said Dr. Alexander J. Bischoff, Head of Venture Capital at Woodman Asset Management AG. “The market for cost-effective, fast, and automated 3D printers is expected to be worth over $10 billion. NVBOTS, with its established NVPro plastics printing platform, high speed metal printing technology, and exceptional team, is poised to lead this rapidly growing category.”
“As NVBOTS continues its rapid growth, I am excited about adding financial support from Woodman Asset Management AG,” said AJ Perez, founding CEO of NVBOTS. “I look forward to our partnership as we continue to grow the company and expand NVLABS -- a division of NVBOTS focused on the commercialization of our multi-metal 3D printing technology”, he continued.
NVBOTS’ highly successful NVPro 3D plastics printers deliver value for more than 50 organizations – including Hypertherm, Staples and MIT - that require a 3D printer that is Built to Be Shared™. The company’s new high-speed multi-metal printing products will leverage the NVPro platform together with its proprietary Metal Additive Deposition (MAD) process which uses ordinary wire rather than expensive powders. These new systems will deliver dramatically higher speed, lower cost and lower power than competing 3D metal printing technologies. Markets that will benefit from the new metals technology include the Aerospace & Defense, Automotive, Industrial and Medical industries.
NVBOTS® provides automated 3D printing solutions that deliver high throughput production of parts in a wide range of both metals and plastics. The company’s NVPro plastic printer is Built to Be Shared™. It offers the only automated part removal in the industry, and is paired with NVCloud software that allows users to print parts anytime, from any cloud-connected device – while providing administrators with full workflow control. These capabilities makes the NVPro uniquely suited for continuous 24-7 operation in multi-user environments. NVBOTS metal printers, in development, marry the NVPro platform with the proprietary Metal Additive Deposition (MAD) process - a multi-metal solution that prints 10x faster than any alternative, while dramatically reducing cost and power consumption. NVBOTS is headquartered in Boston, MA. For more information, visit www.NVBOTS.com or follow us on Twitter @NVBOTS and on LinkedIn.
Woodman Asset Management Has Launched
a UCITS Version of the Woodman Core Fund
January 21, 2016
Zug, Switzerland - Woodman Asset Management AG, a specialist investment firm based in Zug, has launched the Woodman Core Fund in a Luxembourg UCITS format. The Woodman Core Fund was previously available as a Maltese PIF, launched on the 15th of September, 2011, but has been closed and domiciled into the Luxemburg UCITS structure. The fund’s strategy shall be largely unaffected by the change, with a multi-asset programme, focusing on capital preservation through careful selection of credit, equity and alternative investments.
Torben Degn, Woodman Chief Investment Officer, continues to be responsible for the UCITS fund, and will be joined by Guido Schmid, who assumes co-portfolio management responsibilities. The fund continues to have an unconstrained benchmark approach with a target return and volatility of 5%. They will draw on equity, credit and alternative investment expertise from in-house analysts and product specialists, but will shift the focus towards single names rather than indirect investments.
“As we experienced an increased interest in our product, we also saw the need to amend the fund to a more consensus approved legal format, “ said Torben Degn. “The investment process will stay true to what we have been doing until now, although adapted to fit the UCITS framework,” he continued. Guido Schmid, who has worked on the fund since 2012, was promoted to join Torben Degn as portfolio manager, said, “I am excited to be part of the portfolio management team of this product, as it is moving forth to the next stage with more direct investments.”
The fund was launched on January 21st, 2016 with $192m under management and is offered in retail- and institutional share classes, and to investors in USD (base currency), EUR (hedged), and CHF (hedged). Initially, the fund shall be available for investors in Switzerland (upon FINMA registration), but further European countries shall follow.
Woodman Asset Management Launches Credit Opportunities III
November 03, 2015
Zug, Switzerland - Woodman Asset Management AG, a specialist investment firm based in Zug, announces the launch of the Credit Opportunities III fund. This is the third fund specialising in capturing illiquid credit opportunities following tighter regulations for financial institutions.
The fund will invest across economic sub-sectors and across the US, Europe and Asia. The strategy will primarily be invested in direct lending funds - extending credit to corporate and real estate borrowers directly, risk sharing portfolios - benefiting from regulatory arbitrage of banks trying to reduce capital and special situation funds - for opportunistically exploiting niche opportunities that pose significant value potential after dislocations in the market.
“Private debt still provides an attractive investment opportunity, that we want to take advantage of,” said Stefan Armonat, Portfolio Manager. “In a low yielding environment, private debt investments are instruments to generate an attractive return with a significant current income component and strong downside protection. The return characteristics are a result of the readiness to lock up investments and give borrowers a longer planning horizons as well as the dislocations in the credit capital markets resulting from regulatory disruptions”, he continued.
The first close will be at the end of 2015, with a final close expected a year later. The fund is to be initially launched for qualified investors in Switzerland, but further European countries shall follow.
Credit Opportunities III builds on the experience of Credit Opportunities I and Credit Opportunities II, which were launched in 2013 and 2015 with $85m and $154m respectively. All the funds exploit dislocations as a consequence of the continously changing regulatory enviroment and emphasising a margin of safety to allocate capital throughout the credit cycle.
Woodman Hires Stefan Armonat as Portfolio Manager for Private Debt
August 17, 2015
Zug, Switzerland - Woodman Asset Management AG, a specialist investment firm based in Zug, has hired Stefan Armonat to manage the private debt funds at Woodman Asset Management. He will take over the lead portfolio management role from Torben Degn, who will continue as co-portfolio manager of the private debt funds and Chief Investment Officer at Woodman Asset Management.
Stefan has over 10 years professional practice in illiquid investments, whose previous work experience includes Merrill Lynch, Credit Suisse and a large European family office. Stefan holds a master level from the University of Munich, a post-grad degree in macroeconomics from the Kiel Institute of World Economics and a PhD in Financial Economics / Asset Allocation from the Technical University of Darmstadt.
“We are extremely pleased to have hired someone with Stefan’s pedigree and expereince”, commented Torben Degn, CIO Woodman Asset Management, “As we continue to grow, we seek experienced and talented investment professionals who can give us an edge.”
Stefan will work closely with Torben Degn, whom he will also report to, on the private debt strategies. In addition to taking over the management of the funds, he will also be responsible for several private debt mandates run by Woodman Asset Management.
Woodman Closes Credit Opportunities II with total commitment of $154M
July 8, 2015
Zug, Switzerland - Woodman Asset Management AG, a specialist investment firm based in Zug, announces the final closing of the Woodman Credit Opportunities II Fund. This is the second fund specialising in capturing primarily illiquid credit opportunites that have arisen, due to the stricter regulations for financial institutions.
The fund closed on 30th of June with $154m in commited capital, that will be invested in various sectors, across the US, Europe and Asia. The strategy will primarily be invested in direct lending, risk sharing and special situations funds, but also make co-investments and to a limited extend structure bespoke deals.
“We continue to see attractive deals in the private debt space, and will continue to capitalise on this opportunity” said Torben Degn, Chief Investment Officer. “We are also seeing an increasing amount of interest from investors who are trusting us to take advantage of this situation. In addition, we are already in the process of looking at launching a third fund.”
The Woodman Credit Opportunities II Fund follows in the foot steps of the Woodman Credit Opportunities Fund, which was launched with $85m of committed capital in June 2013.
Woodman successfully launched a broad range of funds within the long-only and hedge fund space, to become a leading independent asset manager. Today, the Woodman group manages over $ 2.5 billion in various mandates, strategies and vehicles.
Woodman Funds App Announcement
Zug, Switzerland - Woodman Asset Management AG, a specialist investment firm based in Zug, is proud to release their newest innovation - The Woodman Funds App, which is now available in the App Store.
The App will allow users an easy and convenient access to all of our Woodman Funds, only a few clicks away on your smart device.
The latest NAV's and graphs for each specific fund are at any time updated in the App.
The App is free and can be downloaded by everyone.
Enjoy the App
Zug, Switzerland - Woodman Asset Management AG is proud to be co-founder and cornerstone investor in Nordic Insurance Consolidation Group (NICG), who recently announced the purchase of Skandia Livsforsikring A A/S.
NICG is incorporated by Thomas Vinge Hansen, Kristian Goth Vinther and Woodman Asset Management AG.
Woodman Diversified Fund Celebrates 3rd Anniversary
February 15th 2015,
Woodman Diversified Fund manages a portfolio of $101m, comprising of 13 investments, two of which are day one investments. Daniel Aaxman, CEO and Founder of Woodman Group said, “Backing new managers is an integral part of our investment strategy. Being a relative young company ourselves we appreciate the partnerships we can build.”
The portfolio’s underlying management and performance fee have been substantially reduced through these day one investments. Additional fee reductions are achieved by selectively providing acceleration capital to newer managers and investing in some hedge fund replication strategies.
Woodman Diversified Fund was originally established to provide best in class hedge fund exposure to Woodman Wealth Management, the family office arm of Woodman Group. Over the last three years Woodman Diversified has evolved from an all-weather portfolio to a more focused investment portfolio. Today the fund is more concentrated and invests around identified themes. “We are very excited about the portfolio’s three main investment themes, Asia, Event Driven and Systematic Trading” said Michel Jetzer, Managing Director of Woodman Asset Management AG and Portfolio Manager of Woodman Diversified Fund.
Over the last three years the fund had annualized returns of 5.6% with annualized volatility of 3.7%. “We are pleased with the results and are confident about the future prospects with the most recent additions to the portfolio” said Torben Degn, Managing Director and CIO of Woodman Asset Management AG.