Principal Investments
Multi-Asset
Antifragile funds designed to withstand shocks and benefit from disorder.
Objective
Deliver absolute long-term performance (5 to 7 years) with exceptional resilience to crises. Protect capital during turbulence, then strengthen from it by capturing opportunities created by market stress.
Investment Policy
Four asset classes: equities, bonds, gold and cash. Discretionary allocation driven by macro analysis, valuation metrics and stress indicators. Balanced stance in calm phases. In crisis, liquidity is deployed into discounted assets.
Management Rules
No Prediction
Permanent resilience rather than crisis forecasting.
Diversification
Multi-sector equities, high-quality credit bonds.
Liquidity
Significant cash to act quickly without selling at a loss.
No Fragile Middle
Avoidance of medium-risk assets in calm phases.
Absolute Performance
Measured on drawdowns and rebound participation.
Long Term
5 years minimum, asymmetric participation in recovery.
Why Antifragile
Resistance
Equities for prosperity, bonds for deflation, gold for inflation, cash for recession.
Benefit from Disorder
Buy low when others panic, for asymmetric rebounds.
Asymmetry
Limited downside, preserved upside via crisis equities.
Our Four Funds
World
Large caps in developed markets.
Asia
Asian large caps.
Emerging Markets
Large caps in high-growth economies.
SMEs & Mid Caps
Global small and mid caps.
Our Commitment
First in, last out
The group contractually commits to entering first and exiting last in every investment vehicle. This promise, embedded in contractual documentation, guarantees unwavering alignment with our co-investors.
Every vehicle benefits from a direct group stake. We never offer our clients an investment in which we are not ourselves committed. Our capital is exposed to the same risks and the same opportunities.
This architecture, unique in the industry, reflects our deep conviction: trust is built through commitment, not through words.