Zug-based asset manager launches new fund for USD money market investors. Initial capital exceeds USD 1 billion.
Press Release | 31.03.2025
Zug-based asset manager launches new fund for USD money market investors. Initial capital exceeds USD 1 billion.
QCAM Currency Asset Management AG is expanding its offering with the launch of the new QCAM Short Term Fixed Income USD Fund.
The fund will invest based on QCAM’s proven investment strategy, capital preservation is the top priority. The strategy has successfully outperformed the relevant benchmark every year since 2012.
Launched in collaboration with UBS as fund management company and custodian, the new fund makes this time-tested strategy accessible to a broader circle of professional investors for the first time.
Driven by the global rise in interest rates, short-term USD investments are currently—and likely also in the medium term—yielding returns above inflation. This offers the potential for real capital growth with minimal risk and strong liquidity—especially given a possible renewed increase in inflation and interest rates.
In this market environment, the QCAM Short Term Fixed Income USD Fund presents an attractive opportunity by focusing on the short end of the yield curve.
Focus on High-Quality Sovereign and Quasi-Sovereign Issuers
QCAM has two decades of experience in active portfolio management and only accepts top-tier investments for the fund—primarily public or semi-public issuers, directly or indirectly guaranteed. Particular emphasis is placed on Swiss counterparties. Switzerland’s strong economy, low debt levels, and healthy balance of payments qualifies it as a safe haven. QCAM has built valuable expertise in this specific market over the years.
“With our strategy of selecting the best short-term investment opportunities, our clients have achieved outstanding results for 13 years,” says Thomas Suter, CEO of QCAM. “Especially in Switzerland, our established network gives us access to key sovereign and sub-sovereign issuers. The large volume of several billion USD we manage in this segment enables us to capture attractive market opportunities, which is part of our consistent outperformance. The portfolio is 100% hedged into USD.”
Consistent Outperformance
QCAM’s Short Term Fixed Income USD strategy has consistently outperformed its benchmarks over the past 13 years (FTSE USD 3M Eurodeposit, Lipper US Index – Inst Money Market Funds).
On a cumulative net basis, the strategy has delivered an outperformance of approximately 7%. This exceptional result is driven by active management, efficient borrower access, exploitation of special situations, low transaction costs due to a strict best execution approach, and occasional currency hedging opportunities. The new fund will follow the same strategy and enables a broader investor base to participate at institutional conditions.
A Swiss Fund under the Collective Investment Schemes Act (CISA)
The QCAM Short Term Fixed Income USD Fund is domiciled in Switzerland. UBS acts as the fund management company, administrator and custodian. At the time of launch on March 31, 2025, more than USD 1 billion in investment commitments have already been secured. The target fund size is USD 3–4 billion. Investors can still benefit from attractive seed conditions until total fund assets reach USD 1.5 billion.
The fund offers compelling overall cost efficiency for investors, and daily liquidity provides cash-like flexibility.
The fund is structured in accordance with the Swiss Collective Investment Schemes Act (CISA) and is approved by FINMA.