Lukas Lütjens

Bellecapital is an active, long-term manager that makes direct investments in equities, bonds, and commodities to preserve and enhance capital. They didn’t use funds or structured products except for specific ETFs and operated without benchmarks to optimize risk management. The firm combines top-down and bottom-up approaches in their investment themes and diversifies by region, industry, company size, long-term themes, and short-term opportunities. Bellecapital’s macroeconomic analysis is based on long-term economic cycles and is condensed into specific investment themes by combining regions, sectors, and styles.