The asset management division of Baloise has launched a strategic cooperation with a Zurich-based wealth-management firm in a bid to strengthen its capabilities in the data-driven segment.
As part of wider cooperation deal, the Basel-based insurance company will take a stake in Tolomeo Capital, a wealth manager in Zurich, according to a statement by Baloise released on Monday.
With this transaction, the asset management of Baloise will strengthen its position as a major rule-based asset manager and exploit synergies and complementary capabilities in automated investment solutions and alternative investments.
Data-Driven and Rule-Based
Tolomeo Capital was founded in 2011 and has acquired a wealth of experience in fully automated asset management with the development of data-driven and rule-based investement strategies in liquid asset classes, said Baloise.
Baloise has been using rule-based investment solutions in the market for many years and is highlighting their importance with this partnership. The cooperation is also a response to growing demand from institutional investors for innovative, transparent and cost-effective investment solutions.
