Good capital protection for client assets achieved in comparison with competitors
Portas Capital Ltd successfully led its clients through the difficult year 2022. The average return of the "Balanced" strategy in CHF was significantly better than that of the majority of our competitors. Mandates denominated in EUR achieved roughly similar performance.
At the end of January we scaled back our equity holdings by around one half and will continue to pursue our cautious stance until the end of the year. An underweight on the bonds asset class and the holding of inflation-protected bonds prevented losses on the bond market. Overall, a high proportion of alternative investments helped to reduce risk.
Mixed funds, known as “strategy funds” of the vast majority of banks and asset managers suffered comparably higher losses of 12% to 20% during the reporting period.
This year, we will continue to steer our clients successfully through another challenging period.
Team Portas Capital Ltd, January 2023