Michel Menoud

Banque Piguet is an active, research-based manager which prefers to rely on reflection and good sense to take contrarian positions, aiming for medium- and long-term performance. Investment managers utilize the strategic and ad hoc recommendations of the bank's research team allocation assets according to client mandates.. The firm's investment strategy is based on a rigorous analysis of long-term macroeconomic trends, including their social and political aspects. Their specialized investment teams regularly exchange information and monitor global bonds, alternative investments and equity markets. Banque Piguet manages a range of bond funds, equity funds, asset allocation funds and alternative investment funds of funds. Their analysts utilize technical tools that are free from any bias to measure the variations in investors' moods and flows of funds, as well as the internal dynamics and valuations of different assets or different regions.

Lloyds Switzerland is a conservative, growth-oriented investment manager focused on capital preservation. Their investment approach is global, tailored to their clients' profile and uses structured products. The firm manages benchmark-oriented multi-manager products covering international equity, money markets, and collective investment structures diversified across asset classes.

Piguet Galland is an active, long-term, contrarian manager which takes an international approach to investing that favors capital preservation. They favor fundamental analysis, seeking to outperform their benchmarks through in-house research and third party market intelligence regarding specialized asset classes and alternative investments. The firm employs a strict risk management policy and only invests in risky assets if they are very attractively priced. All investment decisions are based the fundamental principles that economic and financial history tends to repeat itself and that most investors incorrectly try to go to the extremes. As a result, the firm constantly seeks similarities across cycles so that they can adjust strategies accordingly and aims to understand where the consensus is in order to adequately deviate from it.