The PRISMA Investment Foundation announces the launch of the PRISMA Global Bonds investment group — an innovative global bond strategy specifically designed to meet the needs of Swiss pension institutions. The investment group is managed by DECALIA SA, a firm widely recognized for its expertise in active fixed income management.
In response to the new interest rate paradigm — persistently low CHF rates, volatile global yields, a structurally strong Swiss franc, and high hedging costs — PRISMA Global Bonds stands out by offering a CHF-optimized institutional approach:
- Actively managed global exposure with dynamic currency hedging
- Minimum 80% currency hedging to CHF
- Investment-grade portfolio only
“Most fixed global income solutions on the market do not sufficiently reflect the constraints of Swiss institutional investors. With PRISMA Global Bonds, we offer active management that’s tailored to CHF-specific challenges, while delivering effective and diversified exposure,”
explains Philipp Aegerter, Chairman of PRISMA’s Foundation Board.
“This investment group is designed to navigate the structural realities of the Swiss institutional market while capturing the best global bond opportunities. It’s a robust solution, built with and for Swiss pension institutions,” adds William Wuthrich, Director of PRISMA.
DECALIA’s Expertise
The strategy is managed by DECALIA, whose fixed income know-how is widely recognized. It is led by Fabrizio Quirighetti, Chief Investment Officer at DECALIA and manager of the DECALIA Global Income fund, rated 5 stars by Morningstar for its strong risk-adjusted performance over the past five years.
“This strategy applies the pillars of our Global Income approach but reshaped for the specific needs of Swiss institutional investors. We integrate flexible FX hedging, precise maturity selection, and active credit management — all essential levers in today’s environment,”
notes Fabrizio Quirighetti, Lead Portfolio Manager at DECALIA.
Key facts – PRISMA Global Bonds
- Name: PRISMA Global Bonds
- Manager: DECALIA SA
- Asset class: Global bonds
- Base currency: CHF-hedged (min. 80%)
- Benchmark: Bloomberg Global Aggregate TR Index CHF Hedged
- Access: Strictly limited to Swiss pension institutions
- Official launch: April 1, 2025
Press contact
info@prisma-fondation.ch
www.prisma-fondation.ch
About PRISMA Foundation
PRISMA is a non-profit investment foundation established in 2000 at the initiative of Swiss second-pillar pension institutions. Today, PRISMA is one of the few platforms in Switzerland governed by pension professionals, for pension professionals. It counts a large number of member-investors and offers them a transparent, diverse and innovative range of investment strategies.
With an open architecture, PRISMA implements specialized investment techniques aimed at delivering an attractive risk/return profile that aligns with the expectations of pension funds.
About DECALIA SA
Founded in Geneva in 2014, DECALIA SA is an investment management company specializing in wealth management, asset management, and private markets. With over 70 employees and CHF 5.6 billion in assets under management, DECALIA has experienced rapid growth, leveraging the active management expertise of its founders acquired over the past 30 years.
DECALIA is focused on delivering superior risk-adjusted performance through concrete, pragmatic investment solutions, and a strong commitment to service excellence. Its core values — commitment, innovation, and teamwork — define its DNA and guide its actions.
Its investment philosophy is built around key principles: active risk management, capital preservation, talent selection, and an active management style. DECALIA is regulated by FINMA and holds a collective asset management license. The group is headquartered in Geneva, with offices in Zurich and Milan.