November General Market Comments “Loser” – Beck, 1993 In November 2024, the loser was Mrs Harris and the winner Mr Trump. Equity markets reacted by designating the bulls as winners and the bears as losers. But they already made that choice prior to the US elections, so it is fair…
November General Markets Comments “The Lifeboat Party” – Kid Creole and the Coconuts, 1983. During tumultuous times, high grade Government bonds are often considered as the lifeboat for investors, who can park their money there, waiting for better days to arise, or simply because they expect more dovish monetary policies…
February General Markets Comments “This world today is a mess” – Donna Hightower, 1972. A slowdown (or a recession?) is expected, but economic releases do not support this projection yet; hard landing, soft landing or no landing (?); China is reopening, but underperforms; Oil is supposed to get scarcer, but…
Investing in picks and shovels The 1848-1855 California Gold Rush attracted thousands of fortune seekers. While some found a few nuggets, many went away empty-handed, having lost a lot of money. However, pickaxe and shovel sellers did pretty well out of those caught up in the gold fever. Although this…
Commentaires de marché du mois de janvier “C’est comme ça” – Les Rita Mitsouko, 1986. Ça monte et ça baisse, et «c’est comme ça». La plupart des marchés se sont inscrits en hausse en janvier, après un mois de décembre très éprouvant, mais si l'on se projette à un peu…
January General Markets Comments “C’est comme ça” – Les Rita Mitsouko, 1986. "C’est comme ça" could be translated into “That’s the way it is”; most markets were up in January, after a very painful December, but looking a tad longer term, it appears that, in general, markets have ended January…
December General Markets Comments "Heroes" - David Bowie, 1977. 2022 could have been year for heroes in financial markets. Imagine that, after Jay Powell’s announcement in November 2021 of higher for longer interest rates, you had positioned your portfolios for a 250 bps increase in US 10-year yields and for 8…
Commentaires de marché - Novembre "Don’t Stop" - Fleetwood Mac, 1977. Un hommage à la regrettée Christine McVie (1943-2022). "Ne t’arrête pas" c’est ce que nous voudrions tous dire au marché après deux très bons mois consécutifs — une première cette année. Pour rappel, le MSCI World a progressé de…
November General Markets Comments "Don’t Stop" - Fleetwood Mac, 1977. A tribute to the late Christine McVie (1943-2022). "Don’t stop" is what we all would like to say to markets after two very good months in a row, for the first time this year. For the record, the MSCI World…
October General Markets Comments «Fade Out Lines» - The Avener Rework, 2014 Charts lines from the 12 to 18 post-covid months are gradually fading out, and it seems markets are coming back to earth after an incredible run on speculative and/or expensive assets from March 2020 to November 2021. These…
CHIEF FINANCIAL OFFICER, MEMBER OF THE EXECUTIVE COMMITTEE
Antonio Mira joined NS Partners in 2006 as Group Chief Financial Officer. He heads the corporate functions and is involved in coordinating and implementing the decisions of the Executive Committee. An experienced bank auditor, Antonio started his career in 1995 with Arthur Andersen, where he worked for some 7 years before joining Ernst & Young in 2002 as a Senior Manager. Antonio is a Swiss chartered accountant and a Business graduate of Lausanne University (HEC).
The challenge is to have the right agenda to orient the business, its transformation and the appropriate use of data.
Sébastien Poiret
DEPUTY HEAD OF WEALTH MANAGEMENT
Sébastien Poiret joined NS Partners in 2008 and manages funds of hedge funds and private client mandates. He also oversees the development of the Group’s offices in Mauritius.
Prior to joining NS Partners, he served as a Trader, Head of Manager research and Portfolio Manager in the USA and Switzerland for a single hedge fund (1998-2004) and for Optimal (2004-2008), Grupo Santander’s fund-of-hedge funds operations.
Sébastien holds a Bachelor’s degree in Corporate Finance from the ESPEME Business School (EDHEC Group) and an MBA in Finance and Economics from the Institute of Business Administration, both in Nice.
It’s all about finding the right balance between making money, capital preservation and liquidity.
Abir Oreibi
BOARD DIRECTOR
Abir Oreibi joined the Board of the NS Partners Group in 2018, where she brings her truly international perspective and rich experience. Among many other ventures, Abir set up Alibaba.com’s first European office. After living and working in Shanghai, Hong Kong, Bangkok and London, she now lives in Geneva, where she is CEO of Lift Events, an organization that identifies technology trends, their business and social impact through the organization of events and open innovation programs. Issues related to the challenges and opportunities created by new technologies as well as the strategic responses from organizations are at the heart of Lift’s activities. Abir holds a BA in Political Sciences from the University of Geneva. She is an investor, and member of advisory and innovation boards.
Nothing great is created by following the herd. Whoever has heard of Alexander the Average?
Romain Pidoux, CAIA
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Romain Pidoux joined NS Partners in 2011 and heads the Group’s Risk Management. He started his financial career in 2005 as Head of Quantitative Analysis for a Swiss Family Office, selecting funds and managing portfolio allocation. In 2008, he switched to the alternative world and joined Peak Partners as hedge funds analyst. He is a Chartered Alternative Investment Analyst (CAIA) and holds a Master’s degree in international relations from the Graduate Institute of International Studies at Geneva University.
If you want peace, prepare for war. The same goes with risk management.
OUR FUND SERVICESFund Engineering & Set Up
We coordinate your fund project from end to end and assist you through all the legal, administrative, regulatory and operational steps required to launch a Luxembourg investment fund.
We assist you with constitutive documents drafting (articles of incorporation and prospectus), the investment management, advisory and distribution agreements, the central administration, custodian bank and domiciliation service agreements, the risk management process, as well as the internal investment guidelines. We organise the operational setup and help you select all the providers and partners you need.
We advise you, file the constitutive documents of your fund and liaise with Luxembourg authorities (CSSF) until approval.
OUR FUND SERVICESDistribution support & Fund registration
The marketing of your fund is an essential factor of your success. Yet, distributing funds, both within and beyond Europe, can be a daunting task for investment managers, who struggle to meet their various reporting requirements.
Our seasoned and multi-lingual team masters the intricacies of European regulatory constraints and acts as a single point of contact with the various service providers.
Thanks to our total independence and close relationships with service providers, we offer impartial advice and help you obtain competitive prices. Naturally, our service is tailored to your specific distribution requirements.
We also assist you in devising and implementing your distribution strategy and introduce you to our network of distribution specialists in Europe.
OUR FUND SERVICESIndependent Directorship
Under new UCITS V and AIFMD directives, the role of the Independent Director has become more important and is now considered a profession in its own right.
Indeed, your fund’s Board should ensure that high standards of corporate governance are applied at all times and have a good professional standing, appropriate experience, act fairly and independently in investors’ best interests and operate with due care and diligence in the performance of their duties. Additionally, the Board should ensure compliance with all applicable laws, regulations and with the fund’s constitutional documents.
Our panel of independent directors are all seasoned fund professionals with over 20 years’ experience in the asset management industry. They also cover a wide range of professional skills and backgrounds, including administration, regulatory, operations, legal, tax, portfolio management and risk management functions.
OUR FUND SERVICESRisk Management & Compliance
Risk management is in our DNA.
We provide you with an integrated risk and investment compliance management service. Being an integral part of our IT infrastructure, our risk systems guarantee an effective assessment and management of financial risks. They include a full range of risk indicators adapted to the risk profile, the asset class, as well as each fund’s investment strategy.
Based on the best market practices and compliant with ALFI and ESMA guidelines, our risk management services include:
Appraisal and monitoring of portfolio risk
Regulatory risk and investment compliance (including asset eligibility)
Periodic monitoring of asset evolution for UCITS and AIF vehicles
Independent NAV supervision
Production of customized risk management reports
Historical VaR, parametric VaR and Montecarlo simulation
OUR FUND SERVICESInvestment Management
Thanks to our 55 years’ experience in managing conventional and alternative investment funds, we have acquired a unique expertise in asset management.
And because we focus on multi-manager funds, we have developed a strong and disciplined manager selection process that allows us to find and monitor the best Investment Managers if needed.
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