Fisch set to hire after AUM growth Switzerland’s Fisch Asset Management’s chief executive indicated the firm would be hiring in 2021 to support its growth after a successful year in 2020. The Zurich-based manager increased assets under management (AUM) by 10% in the past 12 months. Fisch - which specialises in convertible bond, corporate bond and absolute returns - said AUM reached 11.8 billion Swiss francs (€10.9 billion). Active risk management meant the firm’s absolute return strategies minimised losses during the market correction in the first quarter of 2020, while participating “substantially” in the subsequent recovery. The Absolute Return Multi Asset strategy achieved a full-year gross return of 13.8% in a hedged euro share class and an increase in AUM to € 1.7 billion.