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Investment Policy

The strategy is based on the three generic sources of income (risk premiums, tactics and alpha) – L3 in the fund name stands for this. A more even weighting of the income sources and the use of different independent strategy components (internal and external) results in a significantly greater diversification potential compared with classic balanced or multi-asset approaches. The higher Sharpe ratio expected as a result and better behaviour in phases of negative risk premiums are key elements of the strategy. The fund typically lies within a volatility range of 4-5% and aims for an expected return of 4-6% above the Euribor (1M).

Manager Profile


Before joining Tungsten Capital Management, Siegfried Simon worked for the Cologne-based private bank Sal. Oppenheim for more than a decade. Here he was in charge of two important business areas: Advisory Portfolio Management and the entire Trading Division of the Asset Management Division. He began his investment career in the same company as a quantitative portfolio manager in Asset Management, where he was responsible for the management of multi-asset portfolios of institutional investors. Siegfried Simon holds a degree in business administration from the University of Giessen and Kansas State University.