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AMCs: Helping You Navigate Difficult Stages

The ABSA Cape Epic is the most televised mountain bike race in the world and the only eight-day mountain bike stage race classed as hors catégorie by the Union Cycliste Internationale (UCI); this official UCI status makes it a highlight on the professional racer’s calendar. The Absa Cape Epic also attracts aspiring amateur riders wanting to test themselves against the best.

Every edition follows a different route, leading aspiring amateur and professional mountain bikers worldwide through roughly 700 untamed kilometers of unspoiled scenery and up to 17,250 m of climbing. A challenge that requires skill, speed, and tactical sophistication, it is a reminder of the complex tasks that asset managers face in optimally managing client funds.

While professional cyclists fight for the win on a demanding route, where anything can happen, asset managers are on an equally demanding path to achieve the best results for their clients. Actively Managed Certificates (AMCs) are increasingly important in this analogy. They are comparable to the perfectly sophisticated strategies that professional and amateur cyclists use to master the strenuous course. They offer agility, dynamism, and a clear course for successfully implementing their own strategy.


The Epic does not consist of a single race but of several stages, each placing different demands on the riders. Similarly, AMCs enable asset managers to design tailored solutions for each stage. The ability to bundle different asset classes, sectors, and themes into one AMC allows asset managers to create tailored portfolio solutions that meet the various market challenges.

Orpheus Capital enables asset managers to launch their own AMC across all asset classes and markets. Asset managers can implement any strategy, whether equities, bonds, futures, options, structured products, private debt, private equity, venture capital or cryptocurrencies. The individual asset classes can also be combined to provide diversification or hedge against certain market cycles. We discuss all requirements with our customers and select the appropriate issuance program together to avoid unpleasant surprises later. Good preparation is a key element for success.


The ABSA Cape Epic terrain is as varied as it is harsh – dusty and demanding gravel roads, strenuous rocky climbs, thrilling technical descents, refreshing river crossings, and fast forest singletracks. The ability to react quickly to changing conditions is also a key to successful multi-stage MTB races. In asset management, this dynamic is reflected in the rapid adaptation and deployment of strategies to changing market conditions.

In traditional asset management, many portfolios at different custodian banks may have to be coordinated and maintained. The asset manager can use AMCs to adjust all portfolios with a single transaction. This efficiency, comparable to a cycling team’s ability to make quick tactical decisions on the course, is optimised by AMCs. They enable asset managers to react more quickly to new investment opportunities and thus gain a valuable advantage.

When asset managers wish to take advantage of new opportunities in the market, for example, a new quantitative strategy that requires a quick start, the AMC can be launched in a matter of days.


The Cape Epic may be among the most physically gruelling and mentally demanding mountain bike multi-stage races. Still, the path to successful asset management is no less challenging for asset managers. Like the cyclists who have to prove themselves at every stage, asset managers also have to think strategically and adapt to offer their clients optimal returns, accounting for the risks along the way. AMCs are the clear winners in a demanding race. Their strategic flexibility, short time-to-market, and efficient cost structure make them an indispensable tool for success. AMCs offer the opportunity to move forward with agility and purpose – a competitive advantage that meets clients’ needs while winning the race of risk and returns.

Orpheus Capital are here to support you as a team. We can provide an independent assessment to enable you and your investors. We have various issuance programs, custodian banks, and execution providers available to you, which includes using your setup. Private Placement and Public Offer are possible and will be considered when launching. We have solutions to meet your needs and those of your investors to enable you to be successful. We are there for you, in all the difficult stages.