LIMMAT CAPITAL TRADING – LCT
Absolute Returns Across Cycles
Given the imperfectly rational nature of human behavior and the influence of various constraints, recurring patterns tend to emerge, albeit in subtly altered forms. We are convinced that certain inefficiencies can be found and exploited to generate superior risk-adjusted returns.
Philosophy
Human behavior is imperfectly rational and various constraints exist, leading to inefficiencies. Because individuals tend to react similarly to comparable situations from the past, recurring patterns show up. I am convinced certain inefficiencies/patterns can be found and exploited to generate superior risk-adjusted returns.

Adrian Beutler
PORTFOLIO MANAGER
APPROACH
A discretionary trading approach focusing on asymmetric opportunities emphasizing price action and technical patterns. Long and short directional exposure in a multi-asset universe with strict risk management. Highly active with holding periods ranging from intraday to weeks.
Process
- Thesis
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- Asymmetric setup
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- Position management
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- One "good trade"
The starting point of the process is a thesis that determines the “why” and direction of the trade. Next step involves finding an asymmetric setup that allows for generating multiples of the risk at stake. Finally, positions are adjusted on an intraday basis: winners are generally expanded, and positions that are developing unfavorably are reduced.
Outcome
Over time, employing an advantage through a disciplined and repeatable process should lead to attractive risk-adjusted returns. In addition, the variability in holding periods, multi-asset orientation, as well as long and short positions should result in low correlation with traditional assets.
THE PRODUCT
FAQ
The strategy is available through an “Actively Managed Certificate” (AMC) and is open to qualified investors and available at Swissquote, UBS, CS, ZKB, and other banks. The minimum purchase/sale quantity is 10 certificates.
Contact the trading desk of your financial institution via email or phone and provide them with the ISIN: CH0568452665 and the quantity. Current price per unit: https://www.cash.ch/derivate/bskt-go-open-56845266/iku/chf
Additionally, it would be beneficial to send a brief message to **@***********al.ch so that we can add the person to the monthly report and keep a record of who is invested in the product.
Write an email to: **@***********al.ch
The performance is available daily (one-day delay) here: https://www.cash.ch/derivate/bskt-go-open-56845266/iku/chf