by Markus Schuller, TWELVE Managing Director

The intention of this rubric is sourcing the personal philosophy of the founding members and  its meaning for TWELVE.

Our primary premise refers to the excellence of actions. In other words, the permanent development of the individual and the company. A "culture of excellence" is needed in all concerns of the company to bring life into this guiding idea. Obviously, a good idea is only as good as its implementation. Our personal ethics mentioned are having a clear impact on client service, risk management, operational activities and product development. 

Our philosophy of how individuals should co-operate is important for all mentioned areas above. Life paths in post-modern societies are as versatile as unpredictable. A fortiori the awareness about the power of disputes gains in importance. The synergy of divergent perspectives beyond the least common denominator demands the active encouragement of conflict-filled, constructive discourses. Solely these discourses are carrying the powerful core of substantial innovation. Immanent parts of a culture of constructive controversy are team work and a flat organisational structure.

With all the importance of soft skills, just to make one point very clear. It is the declared goal of TWELVE to make money for its clients and for itself. We are different to many competitors in the financial industry in our deep belief that aiming excellence generates higher returns for our clients and for TWELVE. Hence we prioritize excellence over profit maximization to ensure being sustainably profitable and productive over a long time.

 
Relevance for TAM products

The outlined guiding ideas are leaving its marks on TWELVE products in the following fields: 

Transparency

Naturally our developed strategies are our most important property. Divulging strategies and the more common irrational decline of transparency are poles apart. We claim to provide highest possible transparency to our investors, enabling them to closely monitor their investments.

Quality

Reputation Generates Business. TWELVE´s systemic approach incorporates the “von Forster´s“ guiding idea of unfinished systems. As a consequence we are continuously tracing for improvement opportunities. This is best demonstrated by our co-operation with the MScFE Program of the International University of Monaco IUM – a leading program in Europe. Our approach is superior, because we are undogmatically assembling stratgies and analysis methods in accordance with the best of breed principle.

Fee Fairness

The market shows daily how imprudent contenders invoice hidden or horrendous costs for their hedge fund management services. Even worse, together with the branch success, black sheep have slipped into the industry, not maintaining the quality of risk management and commercial due diligence.

TWELVE guarantees a simple and fair cost structure of its products. We feel constrained to the AIMA Code of Conduct and take a leading position in corporate governance for hedge funds.