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Welcome

Real Value Management (RVM) is an investment management company based in Geneva, Switzerland. The firm specializes in :

  • Managing various investment strategies using reverse convertibles
  • Resolving investor’s specific challenges using reverse convertibles
  • Performing research & development in the field of structured asset management
RVM provides pragmatic and innovative investment solutions to institutional investors, private banks, foundations and family offices, locally and internationally.

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Investment Techniques

Real Value Management is an investment management technique that aims at creating positive returns to investors in all market conditions by actively managing structured notes portfolios.

Challenges

  • Investors have risk/returns requirements that cannot be met by traditional asset management products or strategies.
  • Investors increasingly require to have high visibility on expected risks and returns.
  • They also require active management to ensure the achievement of financial objectives.

Solutions

  • Use of reverse convertibles (RC) which address the needs and requirements of the investors more precisely.
  • Creation of portfolios of RC in order to increase diversification and to reduce specific investment risks.
  • Use of active management techniques in order to manage the remaining investment parameter which is not fixed in advance (i.e.: the risk or the return).

Benefits

  • Risk profiles and return objectives not otherwise achieved by traditional assets management can be achieved with structured asset management.
  • Real Value Management applies modern portfolio management such as: active risk management & diversification.
  • Visibility since the return and/or the risks can be pre-defined which results in:
  • Hich comfort level for the investor.
  • Pragmatic and innovative investment philosophy that resolves important challenges in the financial inducstry.

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Management Team

  • Dr. Marc-Andre Pepin — Ph. D., CFA, CAIA, MBA, Ing.
    CEO, Real Value Management
    • Dr. Marc-André Pépin has an in depth knowledge of Reverse Convertibles as well as the best track record available in the industry in managing such assets. 
    • Dr. Pépin has over 15 years of managing financial assets for tier-one institutions such as JP Morgan as Vice-President and Clariden-Leu (Credit Suisse Group) as Senior Vice-President. In addition he was responsible for the management of the foundation of the Princely Family of Liechtenstein, where he managed in excess of CHF 1 Billion of assets. At Clariden Leu, Dr. Pepin, managed more than CHF 400 million of discretionary assets of which CHF 150 million were Reverse Convertibles investment mandates.
    • Now being CEO and a founder of Real Value Management, he is responsible for the development and the management of Reverse Convertibles and ancillary strategies which aims at creating real value for investors.

  • Mr. Cyrill Moity — B. Sc. Economics
    Managing Director, Real Value Management
    • After finishing HEC Montreal, Mr. Moity joins Fundamental Analytics. While he was training in this asset management industry, Mr Moity realized that there was a lot to be optimized in the information management field.
    • He then created Wylesight Consultants in Montreal which was providing CRM and CMS products for the financial industry. Following, he decided to join Best Asset Class as Director for Middle East market development. He was in charge of institutional clients and HNWI  as well as the management of the Dubai Office.
    • During his tenure, he raised in excess of CHF150 millions of Investments. Mr Moity is partner and Managing Director of RVM, he is responsible for Business Development.
  • Mr. Giancarlo Camerana
    Director, Real Value Management
    • Mr. Camerana is Chairman and CEO of ARIS Capital (Suisse) and responsible for business development of Aris Capital in New York. The firm specializes in absolute return multi-strategy alternatives investing. Prior to this, Mr. Camerana was Chairman and CEO of FinEco Invest AG, a provider of wealth and investment management services to high net-worth individuals and institutions.
    • While at FinEco Invest, he was President of Banque Bipop in Paris. In 1995 Mr. Camerana was Co-founder of Bucephale Asset Management (BAM) in Dublin, which was the investment advisor of CreInvest AG, the first listed company on the Zurich Stock Exchange investing in hedge funds and Director of Bucephale Investment Management in Geneva, an independent asset management company.
    • Prior to this, Mr. Camerana was a Director of EIM, a leading provider of investment management and advisory services in the hedge funds industry. Mr. Camerana has held other senior positions during his distinguished career at Swiss Bank Corp, and worked for Prudential Bache and E.F. Hutton in Brussels. Mr. Camerana studied economics at Université Libre de Bruxelles in Brussels and the Université Catholique de Louvain and completed the credit training program with Chase Manhattan Bank in New York .



Partners

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High Income Strategy

RVM strategy allows investors to gain on what we call the next generaton of yield enchancement
 

The market is offering us some great opportunities.
Our strategy and management allow us to offer our investors
good returns for next coming years.

In a market dominated by uncertainty, actively managed reverse convertibles portfolios offer a combination of yield enhancement and of equity exposure with contained risk.

  • Tailor made portfolio
  • The portfolio can be managed according of the risk client appetite
  • One Offshore fund and one Onshore fund
  • Provides a high coupon return through investments in portfolio of reverse convertibles (RC)
  • Practices active risk management aimed at providing capital preservation
  • Also has potential for capital gains in order to complement the high coupon provided by the RC

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Methodology

RVM active risk management aims at avoiding conversion to equity.

Active Risk Management

Avoidance of conversion to underlying is essential, therefore:

  • all existing positions are monitored in real time;
  • pool of approx. 4000 replacement products are monitored in real time;
  • product switch is made when RC gets close to conversion in order to avoid capital losses and currency risks.

In order to make a proper switch, it is nessesary to correctly evaluate the replacement products main investment parameters, such as price, yield, maturity, volatility, residual protection and underlying assets in order to make a sensible switch. The discipline is key to successfull risk management and capital preservation.

Diversification

  • Several issues in each portfolios
  • Core/Sattelite approach *
  • Diversification of issuers

* Core are equity index investments, Sattelite are single stocks investments.

Additional Value Added

  • Switch from expensive RC to cheap RC with high protection
  • Use of secondary market
Additional Value demo chart

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Contact

RVM

Rue de Beaumont 11 - 1206 Geneva - Switzerland

T+41 (0) 22 839 89 39
F+41 (0) 22 839 89 49

Email for direct contacts

 

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