THE ALTERNATIVE INVESTMENT AND LENDING SPECIALIST
Asset Manager specialised in :
Alternative fund selection and management
Private market investments
Asset-backed alternative lending
ITERAM Capital SA is regulated and authorised by FINMA as an Asset Manager of collective investment schemes and as a representative agent of foreign collective investment schemes to qualified investors in Switzerland
EXPERTISE
OVERVIEW
Investment Manager
Advisory & Research Services
Bespoke Solutions
Representative Agent in Switzerland
HEDGE FUNDS
Access to the industry’s leading and emerging hedge fund managers. Cover all hedge fund investment strategies with a focus on consistent and uncorrelated returns.
PRIVATE DEBT
Provide innovative structuring and asset-backed financing solutions to companies for working capital needs, acquisitions and development.
VENTURE CAPITAL
Privileged access to new sources of private equity investments in particular venture capital diversified in top-tier managers, across stages, sectors, geographies, and vintages
We provide comprehensive, innovative and customised alternative investment solutions that address rapidly changing needs in today’s complex and evolving
global markets
OUR VISION
INDEPENDENCE
We are an independent team of investment professionals with a common
interest in dedication to excellence and superior investment returns
INNOVATION
We devote all investment, research and expertise
towards developing a highly specialised investment management
organisation focusing on innovative alternative investment solutions
INTEGRITY
We are committed to deliver full investment transparency to clients.
We developed a cutting edge proprietary asset management system of high quality information and reporting system to support the advisory, research and client services team
INVESTMENT SOLUTIONS
Investment Fund vehicles
Access to actively managed portfolios, concentrated or diversified, across alternative investments via Luxembourg fund structures
e.g.: Absolute Return portfolio, Alternative Income portfolio, Macro Diversified portfolio, Healthcare/Biotech portfolio, Venture Capital portfolio
Co-investments / club deals
Access through a Euroclearable note, listed on a stock-exchange, freely transferable and a bankable ISIN code
e.g.: Equipment Leasing, Direct Lending, Bridge Financing
Bespoke investment solutions
Build your own alternative investment portfolio that best fits your investment goals and risk tolerance
e.g.: Blend of alternative investment strategies
OUR MAIN INVESTMENT STRATEGIES
Private Markets - Direct Investments
Alternative Income Strategy
Access to high income-generating private market assets. Diversified portfolio of strong asset-backed investments with predictable cash flows.
Track Record: 5 years
Perf. 2022 as of september: +5.1%
Performance 2021: +6.5%
Performance 2020: +7.5%
Performance 2019: +8.9%
Performance 2018: +7.6%
Performance 2017: +5.5%*
Past performance is not indicative of future returns
* Strategy launch date May 31, 2017
2022 Estimated data
For qualified investors only
Private Markets - Venture Capital
Venture Capital Strategy
Access to selected top tier venture capital managers wrapped in a diversified portfolio across stages, sectors, geographies and vintages.
Vintage I
Track Record: 2.5 years
Net IRR : 29.5%
TVPI: 1.37x
Past performance is not indicative of future returns
* Strategy launch date January 31, 2020
2022 Estimated data as of June 2022
For qualified investors only
Multi-manager - Uncorrelated
Absolute Return Strategy
Access to the industry’s leading and emerging hedge fund managers wrapped in a unique portfolio composed of various uncorrelated strategies.
Track Record: 15 years
Perf. 2022 as of october: +5.7%
Performance 2021: +5.6%
Performance 2020: +9.5%
Performance 2019: +8.4%
Performance 2018: +1.0%
Performance 2017: +8.9%
Past performance is not indicative of future returns
2022 Estimated data
For qualified investors only
Multi-manager - Uncorrelated
Macro Diversified Strategy
Access to the industry’s leading and emerging hedge fund managers wrapped in a unique portfolio composed of various uncorrelated strategies.
Track Record: 13 years
Perf. 2022 as of october: +7.8%
Performance 2021: +3.9%
Performance 2020: +6.3%
Performance 2019: +2.1%
Performance 2018: +0.1%
Performance 2017: +2.6%
Past performance is not indicative of future returns
2022 Estimated data
For qualified investors only
Multi-manager - Healthcare Biotech
Healthcare Biotech Strategy
Access to the industry’s top leading healthcare and biotech
long/short equity managers, and advised by a scientific and industrial advisory committee.
Track Record: 13 years
Perf. 2022 as of october:-12.0%
Performance 2021: -7.2%
Performance 2020: +20.4%
Performance 2019: +29.3%
Performance 2018: +2.2%
Performance 2017: +23.6%
Past performance is not indicative of future returns
2022 Estimated data
For qualified investors only
MEET THE TEAM
The team has a two decades-long institutional expertise and track-record in all fields related to alternative investments. The team was part of the top management in the alternative division at Edmond de Rothschild (Suisse) SA, formerly Banque Privée Edmond de Rothschild, which was the pioneer in alternative multi-management.
The leadership team has high specialisation in different areas comprising investment management, fund selection, structuring, financing, operational due diligence, legal and risk management.
MANUEL GARZELLI
CEO
INVESTMENT MANAGER
Iteram Investments
Edmond de Rothschild
CITCO Finance
MOIRA D'ANTERROCHES
ODD | CONTROLLER MANAGER
Nestlé Capital Advisers
Lloyds Banking
Lehman Brothers, Natixis
ROBERTO MALTESE
MIDDLE OFFICE MANAGER
Deutsche Bank
Edmond de Rothschild
Audi Bank
MARC SBEGHEN
CFO | FUND RESEARCH
INVESTMENT MANAGER
PvB Pernet von Ballmoos AG
Edmond de Rothschild
Banque Cantonale de Genève
ALEXANDRE LOUCHTCHAY
CRO
RISK MANAGER
Edmond de Rothschild
EDRAM (France)
MAROUANE DAHO
INVESTMENT ANALYST
RESEARCH
Lera Capital
Lyxor Asset Management
Credit Agricole CIB
THIBAUD POLLET-THIOLLIER
INVESTMENT ANALYST RESEARCH
Prasino Concepts
AEW
Crédit Agricole CIB
DEBORA LETTIERI
OPERATIONS | ADMIN MANAGER
Edmond de Rothschild
Credit Suisse
JEROME TROTIGNON
PRODUCT SPECIALIST | INVESTOR RELATIONS
Geocom Capital
Edmond de Rothschild
Bloogistics
OREN PINSKY
VENTURE CAPITAL ADVISOR
Qualcomm
Philips
McKinsey & Co
AMBROISE MAGISTRETTI
HEALTHCARE BIOTECH ADVISOR
Seveneast Healthcare
GliaPharm
MindMaze
YVES CLAUDE AUBERT
CHAIRMAN
OF THE BOARD
Independent director
Banque Cantonale Vaudoise
JAUME SABATER
VICE CHAIRMAN
OF THE BOARD
Stoneweg SA
Edmond de Rothschild
Universal Gestio
JEAN-YVES REBORD
NON-EXECUTIVE
BOARD MEMBER
Python Avocats
Baker & McKenzie
Credit Suisse
LAURENT AUCHLIN
NON-EXECUTIVE
BOARD MEMBER
Anglo-Swiss Advisors
Credit Suisse
Lombard Odier
INSIGHTS & NEWS
September 2022
Battle of the Quants - London
ITERAM participated at the Battle of the Quants in London on Tuesday, September 27th 2022.
Great panel discussion with high-caliber quant managers Florin Court Capital, Gresham Investment Management , GAM Investments, Columbia Threadneedle Investments EMEA APAC, and moderated by ITERAM Capital SA.
Panel: "Quant Strategies Currently Outperforming: Why and for How Long?"
September 2022
HFM European Awards 2022
We are pleased to announce that 3 of our funds have been shortlisted in four categories at the With Intelligence HFM European Performance Awards 2022 in London !
HEDGE FUNDS
🏆 Best Credit - Relative Value | Alternative Income strategy
MULTI-MANAGEMENT FUNDS
🏆 Best Fund of Hedge Funds | Absolute Return strategy
🏆 Best Fund of Hedge Funds Long-Term Performance (5 Years) | Absolute Return strategy
🏆 Best Fund of Hedge Funds Specialist | Macro Diversified strategy
Third Quarter 2022
The Alternative Causerie
In this report we discuss Hedge Fund sentiment and positioning following recent manager meetings by Marc Sbeghen and Marouane Daho, who traveled extensively throughout Europe and the US.
#alternativeinvestments
#hedgefunds #uncorrelated
#diversification #ITERAM
June 2022
Hedge Fund activity
May 2022
Flash Update - Venture Capital
2021 Review and market outlook for VC in 2022
Venture Capital is the second largest asset class in the alternative industry with more than $2tr in AuM and is a good complement to traditional portfolios
Second Quarter 2022
The Alternative Causerie
Second Quarter 2022 report
In this issue we address:
- How to thrive in turbulent markets?
- Resiliency of Private debt : a solution against higher rates and inflation
May 2022
Open ITERAM des Multicoques
ITERAM is the exclusive partner of the Multihulls Open, organized by the Société Nautique de Genève to promote high-level sports practice among young talents and future Swiss champions.
Come and support them on Saturday 14 and Sunday 15 of May at the SNG !
April 2022
Finanzmesse Zurich 2022
Come and meet us during the 23rd staging of Switzerland’s largest financial fair for professional investors in Zurich Oerlikon, Halle 550 on April 27 and 28, 2022.
March 2022
WealthBriefing Swiss External Asset Management Awards 2022
We are proud to have won the Newcomer Award 🏆 for the Best promising asset manager new to the market within the last three years in Switzerland !
March 2022
Hedge Fund - FLASH Update
- Ukraine-Russia conflict: Hedge Fund resiliency
- Compelling opportunities in commodities
- A new dawn for Alternatives
February 2022
Investors Choice Awards 2022
We are pleased to announce that 3 of our funds won the 2022 EMEA Top Performer - Investors Choice Awards 2022 🏆 in 4 categories.
The awards honours fund managers that have achieved outstanding risk adjusted absolute returns.
Février 2022
Article Allnews.ch
Retour de la volatilité: les stratégies alternatives un atout incontournable
La gestion alternative offre une palette très variée de profils d’investissements selon l’appétit au risque et les contraintes de liquidité et de taille de chaque investisseur.
January 2022
The Alternative Causerie
First Quarter 2022
In this issue we address:
- Hedge Funds ready to capture greater volatility
- Expanded opportunity set in Private Markets
PRESS RELEASE
December 2021
ALTERNATIVE INVESTMENT AND LENDING SPECIALISTS, ITERAM CAPITAL AND
MENARA CAPITAL, ENTER INTO A STRATEGIC PARTNERSHIP
Geneva, Switzerland, Dec. 20, 2021 -- ITERAM Capital SA, an independent alternative asset manager, and Menara Capital Ltd, an innovative financial services company, today announced that they are entering into a strategic partnership to accelerate the growth and momentum of their lending and financing activities.
“This strategic partnership will leverage both companies’ complementary skills in asset management and transactional finance to drive our growth in private markets through strong synergies in sourcing, structuring, underwriting and investing”, commented Manuel Garzelli, CEO of ITERAM Capital. Since 2015, ITERAM and Menara have been helping businesses to obtain innovative lending and financing solutions to support their growth and working capital needs as traditional banks have limited lending activities due to tightening regulatory capital rules.
November 2021
The Alternative Causerie
Third Quarter 2021
In this issue we address:
- 1-to-1 meetings are back
- Market volatility: an opportunity for Alternatives to shine
- Attractive entry point in Healthcare-Biotech
October 2021
Hires
PRESS RELEASE
ITERAM BOLSTERS ALTERNATIVE TEAM WITH DOUBLE HIRE
Manuel Garzelli, ITERAM’s CEO, says: "Moïra and Marouane will further enhance our alternative investment expertise and will be invaluable contributors to ITERAM’s growth ambition as well as serving our clients with best-in-class alternative investment solutions."
October 2021
FinanzMesse '22
Come and meet us at #Finanz22 (19/20 January 2022)
On January 19 and 20, 2022, the 23rd edition of Switzerland’s largest financial fair will take place in Halle 550 in Zurich Oerlikon. FINANZ’22 is designed solely for professional investors such as asset managers, private bankers, family offices, insurers, and pension funds.
September 2021
AltCredit European Awards
ITERAM is honored to be shortlisted in two categories at this year's Alternative Credit European Performance Awards 2021.
🏆 Best Private Debt -
Direct Lending
🏆 Best Private Debt -
Specialty Finance
July 2021
HFM Awards
ITERAM is pleased to announce that its Macro Diversified strategy made it to the final shortlist of Top performing funds for the HFM European Performance Awards 2021 in the FoHF Specialist category.
The HFM European Performance Awards honour the best performing hedge funds in Europe.
May 2021
Sphere Magazine
La tendance s’accentue depuis plusieurs années, les investisseurs se tournent de plus en plus vers les marchés privés. Volatilité, instabilité de l’économie, faible croissance et taux d’intérêts durablement bas les encouragent en effet à se tourner vers des classes d’actifs décorrélées des marchés boursiers. La Suisse compte plusieurs acteurs présents sur ces marchés privés. En voici déjà onze qui méritent de figurer sur les radars des gérants de portefeuille.
February 2021
News article
Allocators Outside of the U.S. Unfurl Their Top Investing Ideas
European-based global allocators spy select opportunity in developed markets, value stocks, and Asian emerging markets amid a global recovery. Marc Sbeghen, cofounder and head of fund research, outlines where he sees compelling opportunities in the market.
January 2021
Allnews.ch - Interview
Spécialiste genevois des placements alternatifs
L’objectif d’ITERAM est d’offrir un accès facilité, différencié et de qualité. Entretien avec Manuel Garzelli, associé et CEO.
January 2021
Alternative flash update
Some Hedge Funds caught off guard
Hedge Fund managers takeaways
#alternative investments #hedgefunds #riskadjustedreturns #uncorrelated
PRESS RELEASE
January 2021
ALTERNATIVE SPECIALIST, ITERAM CAPITAL, GRANTED ASSET MANAGER LICENCE
GENEVA, Switzerland, Jan. 13, 2021 -- ITERAM Capital SA, an independent alternative investment company, is pleased to announce that it has been authorized by the Swiss Financial Market Supervisory Authority (FINMA) as an authorized asset manager of collective investment schemes. This new licence is an addition to the company's current licence of providing representation services for foreign collective investment schemes to qualified investors in Switzerland received in 2017. With these two authorizations, ITERAM aims to become a leading alternative asset manager player covering private markets, hedge funds, and liquid fund alternatives.
November 2020
HFM Award - shortlisted
Thrilled to announce that the Alternative Income strategy made it to the final shortlist of Top performing funds for the HFM Global EuroHedge Emerging Manager Awards 2020 in the Specialist Finance category held on November 17, 2020.
The HFM EuroHedge Emerging Manager Awards will honour the best performing and recently launched hedge funds in Europe. Nominees will have proven themselves capable of outperformance in the hardest of circumstances.
Q3 2020
Alternative Causerie
Alternative investments performance and opportunities
SPAC's in the spotlight amid pandemic
Covid-19 impact on due diligence
2020
Strategy anniversary
Celebrating 3 years of track record with a successful +8.3% net annualised return to investors. Private Markets investments offer investors attractive risk-adjusted returns and diversified sources of returns.
#privatemarkets #alternativeincome #riskadjustedreturns #uncorrelated #multisector #realassets #bridgefinancing #specialtyfinance
June 2020
HFR European Awards
For the second year in a row, ITERAM Capital is pleased to announce a double-win for the Healthcare Biotech strategy, at the “Hedge Funds Review - European Performance Awards 2020”. The Healthcare Biotech strategy was awarded the best sub-$100M specialist fund of hedge funds over 5 years and 10 years.
May 2020
Performance
Ready to enhance and expand your portfolio with Alternatives?
ITERAM offers investors access to well needed alternative investments toolkit with strong risk-adjusted returns
#alternativeinvestments #hedgefunds #privatemarkets #uncorrelated
March 2020
Private Markets - Income
Looking for innovative sources of income? Benefit from a unique and uncorrelated Private Markets investment solution that delivered +8.9% net return to investors in 2019 and +8.6% annualised return since inception in May 2017. Diversified portfolio of direct investments with predictable cash flows and high asset-collateral coverage.
March 2020
Flash Update #2: Covid-19
The financial meltdown worst days since 1987
Hedge Funds protecting on the downside
A new Dawn for Alternatives
January 2020
New Board Member
ITERAM Capital is pleased to announce the appointment of Dr. Jean-Yves Rebord, an experienced attorney in Banking and Finance, as a member of the Board of Directors. Jean-Yves will significantly strengthen the regulatory and corporate governance of the firm.
January 2020
Performance
2019 was yet another successful year with solid risk-adjusted returns to investors crowned with prestigious award recognitions!
Is your portfolio ready for the next decade?
Q4 2019
Alternative Causerie
2019 Markets review
Hedge Funds as a diversification tool
Private Markets goes mainstream
December 2019
Award - Winner
Healthcare Biotech strategy
Best sub-$100M specialist fund of hedge funds over 5 and 10 years
November 2019
Award - Winner
Absolute Return strategy
Best FoHF multi-strategy defensive bias over 3 years
