We are in a period of change, marked by technological advances, globalisation and bewildering investment choices for the investor.

He can today consider equities, government issued securities and derivatives listed on more than 100 stock and bond exchanges. He may choose from over 50.000 funds globally, track indices around the world and structure any derivatives, not to mention the multitude of IPOs and less liquid investments. This has encouraged the creation of a multitude of funds which are largely focused, as the rest of the asset management community, on relative performance.

To ensure benchmark performance, a large part of the asset management community is indexing their portfolios. Such indexation logic has given way to an unhealthy trend as the process of passive investment creates a distortion in equity markets.

The technical demand, triggered by the asset manager having to follow an index, rather than fundamentals, based on active management, leads to a disproportionate amount of money chasing a narrow range of securities. Indexation may minimise the risk of bad relative performance, but in terms of absolute performance, it misses the mark and limits the performance of the investor's portfolio.

BiBT is dedicated to active management where it can take advantage of pricing anomalies. Whole segments of industry move in and out of fashion according to broad-brush economic assumptions. But in all sectors, there are companies, which can beat the underlying trend, whether through superior products, market niches or visionary management. This is BiBT's traditional "fishing pond".
 
BiBT believes in the merits of active management with direct investments into securities. Portfolios are often not benchmarked with the main focus being on absolute returns.
 
BiBT only uses selected third-party funds in the areas which are not part of its core competence (e.g. real estate, hedge funds, debt restructuring), and will use a best of class approach by selecting the finest funds available in the market.
 
Similarly and depending on the client's needs, BiBT can hand pick the optimum hedge funds or enter any derivative strategies using structured products.