EMCORE

What EMCORE does

EMCORE AG (Liechtenstein) is an independent, founder-led asset manager founded in 1998 that specializes in liquid alternative investments, systematic volatility strategies, hedging, convertible bonds and collateral management for institutional and professional investors. The firm positions itself as a "House of Asymmetry," combining traditional asset management with quantitative methods to produce non-correlated, risk-adjusted returns. Its client base is concentrated in Europe, with explicit jurisdictional onboarding across Switzerland, Austria, Germany, Liechtenstein, Luxembourg, Finland, Spain and Sweden, and an explicit exclusion of US Persons under Regulation S. The firm operates as a private, well-capitalized boutique with headquarters in Vaduz and a quantitative risk-management office in Baar-Zug under EMCORE Asset Management AG.

The investment platform is built on a proprietary multi-factor risk system used to continuously evaluate and monitor portfolio risks, alongside systematic, rule-based derivative strategies organized into four product modules: Single-Volatility (EMCORE Systematic Cashflow Solution) for risk-controlled volatility selling across equities, currencies, bonds and commodities; Multi-Volatility (EMCORE Systematic Alpha Solution) for directional and non-directional volatility trading; Hedging for portfolio protection using derivatives; and Convertibles & Collateral Management for asymmetric convertible bond exposure combined with passive collateral management. Distribution is exclusively direct, through relationship managers covering DACH and other European markets, with bespoke segregated mandates and collective vehicles (Actively Managed Certificates, liquid alternative funds) as the two channel formats.

Revenue is generated through asset management fees and performance fees on bespoke mandates and pooled vehicles; pricing is not publicly disclosed. The firm is independent with no parent company, no disclosed external funding rounds, and is owned/led by Managing Partner and Founder Stephan Knuser alongside CEO & Portfolio Manager Thomas Keller, COO Thomas Bavaud, Portfolio Manager David Schmid and Head of Risk Management - Quant Felix Irion. In November 2023, EMCORE joined the Net Zero Asset Managers Initiative, having already reduced its own operations to net-zero in 2023, signaling a sustainability orientation aligned with European institutional procurement criteria.

Name

EMCORE

Legal name

EMCORE AG

Website

https://emcore.ch

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

EMCORE AG is an independent Liechtenstein-based asset manager founded in 1998 that delivers liquid alternative, systematic volatility, hedging and convertible bond strategies to institutional and professional investors across Europe via bespoke segregated mandates and pooled vehicles.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investment Advice (6282), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Alternative Mutual Funds (Liquid Alts) (FSAAAEAH)

akta.pro secondary industries

Credit Relative Value & Capital Structure Arb (FSAHAGAE), Cross-Currency & FX Basis Arbitrage (CCS Basis, CIP Deviations) (FSAHADAG)

Keywords

• Liquid alternatives
• Convertible bonds
• Asset management
• Volatility strategies
• Hedge fund solutions

Headquarters

HQ city

Vaduz

HQ country

Liechtenstein

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Asset Management Fees: Management fees charged for managing bespoke investment solutions and segregated accounts for institutional and professional investors
2. Performance Fees: Performance-based fees aligned with delivering attractive risk-adjusted returns for clients
3. Collective Investment Programs: Revenue from pooled investment vehicles including liquid alternative funds and actively managed certificates

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

EMCORE is a specialized asset manager offering liquid alternative investment solutions, convertible bond strategies, and collateral management for institutional and professional investors worldwide. The firm delivers systematic, rule-based strategies — Single-Volatility (EMCORE Systematic Cashflow Solution), Multi-Volatility (EMCORE Systematic Alpha Solution), Hedging, and Convertibles & Collateral Management — that use derivatives across currencies, equities, bonds, and commodities to generate risk-adjusted, asymmetric returns. Offerings are distributed through bespoke segregated managed accounts and pooled collective investment vehicles.

Product overview

EMCORE is a specialized asset manager offering a unified platform of liquid alternative investment solutions comprising multiple module strategies. The core offerings include Liquid Alternatives as the umbrella product, with specialized sub-products Single-Volatility (EMCORE Systematic Cashflow Solution) and Multi-Volatility (EMCORE Systematic Alpha Solution) for derivative-based alpha generation, plus Hedging for portfolio protection and Convertibles & Collateral Management for convertible bond strategies and collateral optimization. The company complements its investment solutions with proprietary Volatility Picture publications providing market insights. Founded in 1998 in Switzerland, EMCORE serves institutional and professional investors worldwide, combining traditional asset management with cutting-edge quantitative methods.

Differentiator

Problem solved

Functional benefit

Products and services

• Liquid Alternatives Umbrella liquid alternative investment platform that uses derivatives to systematically generate additional alpha and complement traditional portfolios, enabling rapid response to market changes and providing customized options for portfolio diversification. Built for institutional and professional investors seeking non-correlated returns.
• Single-Volatility (EMCORE Systematic Cashflow Solution) Systematic derivative strategy focused on generating additional alpha through systematic volatility selling within a risk-controlled framework. Applicable to currencies, equities, bonds, or commodities. Designed for institutional and professional investors.
• Multi-Volatility (EMCORE Systematic Alpha Solution) Systematic, rules-based investment approach designed to achieve absolute returns through high-conviction directional and non-directional trading strategies focusing on volatility opportunities across asset classes. Designed for institutional and professional investors.
• Hedging Systematic, rules-based hedging strategy using derivatives to protect portfolios from adverse market movements while preserving upside potential, providing resilience and stability under volatile market conditions. Built for institutional and professional investors.
• Convertibles & Collateral Management Convertible bond investment solutions leveraging the asymmetric properties of convertibles, paired with passive collateral portfolio management focused on optimal stability and performance through diversification. Built for institutional and professional investors.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Net Zero Asset Managers Initiative (NZAMI)coreStrategic or Co-development Partner · 30 November 2023EMCORE joined the Net Zero Asset Managers Initiative as of November 30, 2023, committing to align their business operations and managed investments with the goal of reducing greenhouse gas emissions to net zero by 2050. The firm had already reduced its own company emissions to net zero in 2023, and is now extending this commitment to the investments they manage.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/emcore-asset-management-ag

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EMCORE