Asset ManagementBusiness line 01

Asset management

Capital preservation as the first principle.

Management of METCAP’s own capital, held on the balance sheet. Investment decisions follow the firm’s own risk framework, liquidity needs, and long-term objective of preserving and compounding capital.

Where we allocate Risk framework

Aerial view of a forested ridge with cloud rolling over it

Approach

Capital is allocated across fixed income, public equities, index strategies, and selected fund and alternative investments — balanced to manage risk and return across market cycles, with capital preservation as the first principle.

Allocation

Where we allocate

Four layers, one risk framework. Each is held for a distinct role in the portfolio rather than for a view on the market.

Fixed income & direct bonds

Direct bond positions and credit instruments held for stable, risk-adjusted income.

Maturity ladderIncome

Public equities & indices

Liquid, structurally strong segments across global and regional markets, with index exposure as a diversified, low-cost core.

Index coreGlobal · Regional

Fund investments

Selective allocations to external funds and managers where they add diversification or specialist access.

Selective allocation

External fundsSpecialist managersDiversificationSpecialist access

Alternatives

Treated as a distinct risk layer for diversification, not short-term speculation.

Risk layers

CoreFixed income

GrowthEquities & indices

Distinct risk layerAlternatives

Discipline

A conservative framework centred on capital preservation, liquidity management, and risk-adjusted return. Allocation is reviewed continuously and adjusted to the market environment.

Capital preservation as the first principle
Liquidity managed to the firm’s own needs
Risk-adjusted return, reviewed continuously

risk/var.py

import osfrom metcap_sdk import Portfolio, risk book = Portfolio.load("metcap-holdco", asof="2026-09-30") # 1-day VaR at 99%, historical simulation, 2-year windowvar_99 = risk.var(book, method="historical", horizon=1, cl=0.99, window=504)es_975 = risk.expected_shortfall(book, cl=0.975) limit = 0.015 * book.nav          # risk budget: 1.5% of NAVprint(var_99 / book.nav, es_975 / book.nav)# -> 0.0092  0.0131   within limit if var_99 > limit:    risk.alert("VaR limit breach", to="ic@metcap.eu")

Direction

Over time, METCAP intends to extend its asset management capability beyond its own balance sheet to third-party mandates, including fund vehicles pursuing fixed income strategies and a broader range of hedge fund strategies, built on the same risk framework and capital discipline. None of these are currently offered to external investors.

Asset management

Capital, held quietly.

Contact

Important information. METCAP manages its own proprietary capital only. It does not manage assets for third parties, accept client funds, or provide portfolio management or investment advice to the public. Any strategies, allocations or instruments shown illustrate how METCAP manages its own balance sheet and are not a recommendation, offer or solicitation. Past performance is not a guide to future results; the value of investments can fall as well as rise.