|
Daniele Scilingo Benedicte Gravrand, Opalesque Geneva: According to an ex-Pictet fund manager, Swiss compounders are an undiscovered mine of wealth.
"Compounders" as companies with high quality, franchise businesses, ideally with recurring revenues, built on dominant and durable intangible assets, which possess pricing power and low capital intensity, according to investment bank Morgan Stanley. Relatively few companies have been able to consistently compound shareholder wealth at superior rates of return over the long term.
Daniele Scilingo, who joined Swiss asset manager Crossbow Partners AG in October 2015 as partner, is a true believer in compounders - but only, for now, the Swiss ones. At Crossbow, he is responsible for building an offering in traditional equity products under the nanos investment brand. Before that, he worked at Pictet Asset Management for 14 years.
His first equity note product, BB nanos Swiss Compounders, which is listed on SIX, focuses on Swiss equities and is highly concentrated (10 to 15 stocks) as well as diversified. It uses a proprietary rating system, hedges and has so far outperformed the local Swiss benchmark.
Scilingo focuses on Swiss stocks "because I am home-biased and passionate about the many excellent business models in Switzerland, but also because in Switzerland, with the unique set-up that we have as a small ...................... To view our full article Click here
|
RSS
