Independence and growth have been our hallmarks ever since we were founded by Kurt Fisch and Dr. Pius Fisch in 1994. Our independence rests on ownership of all shares of Fisch Asset Management AG by the Executive Committee and employees. Our growth has increased our ranks to 68 colleagues today, including one of Europe's largest convertible bond teams. Our assets under management total per March 31st, 2016, CHF 9 billion. As a licensed securities dealer, we are subject to supervision by the Swiss Financial Market Supervisory Authority (FINMA). We are also a signatory to the United Nations Principles for Responsible Investment (UN PRI).