Founded in 2001 in the canton of Zug, Progressive Capital Partners Ltd (Progressive) is an independent Swiss investment boutique focusing on alternative investments.

Progressive is specialised in Niche Alternatives and Liquid Alternatives and provides access to unique strategies through its PCP Partners offering. The company aims to provide institutional solutions with a low correlation to traditional asset classes and a diversifying characteristic. For specific requirements, the firm offers alternative mandates via its customised solution offering.

From the very beginning, Progressive's goal was to promote alternative investments and to make them available to a broader investor base. 

Progressive has been operating successfully for 19 years and has consistently strived to enhance the product range to meet its clients' needs.

As of end December 2020 Progressive's assets under management total approximately USD 700 million.

Progressive is an authorised asset manager of collective investment schemes and a representative of foreign collective investment schemes according to the Collective Investment Schemes Act (CISA) and is supervised by the Swiss Financial Market Supervisory Authority (FINMA). Progressive is a member of the Alternative Investment Management Association (AIMA).

Infinite possibilities 

lay in the markets worldwide.

PCP Partners


Provides access to unique strategies in collaboration with selected partners. The focus is on diversifying strategies with a sophisticated/robust risk management process in place. The Tulip Trend Funds are managed by Transtrend NV. The underlying strategy has a successful track record of over 25 years and has historically delivered strong diversification benefits, particularly in an environment of equity bear markets. The Matador Global Macro Strategy reflects the experience of founder and CIO Mitesh Parikh (ex Goldman Sachs and Balyasny Asset Management) in combination with a strong track record. The strategy utilises quantitative models to identify dislocations in liquid currencies, developed market interest rates and equity index futures. Matador structures asymmetric trades with high convexity.

Matador Global Macro Strategy

DISCRETIONARY GLOBAL MACRO
COMING SOON

Niche Alternatives


There is a section within the alternative investment space where inefficiencies are numerous, competition is low, and active management by skilled and focused investment specialists can add substantial value. We call this segment of the investment universe “Niche Alternatives”.

Niche Alternatives build on the concept of superior risk and reward. This segment of the alternative investment market has historically shown strong outperformance and is currently very attractively priced in comparison to traditional as well as established alternative asset classes.

Progressive has extensive experience across alternative and niche markets, and the team is well positioned to target innovative investments opportunities that are beyond classic alternative investment strategies.

The offering is designed mainly for institutional clients, family offices and HNWI.

Liquid Alternatives


Liquid Alternatives has the ability to invest in areas and in ways which traditional investments are precluded from. Doing so Liquid Alternatives exhibits the unique characteristic of generating attractive risk-adjusted returns while preserving capital during market downturns.

Within Liquid Alternatives alpha generation is our primary objective by capitalizing on market inefficiencies, identifying undiscovered opportunities and managing downside risk.

This objective is pursued by our investment team drawing on its longstanding expertise and devotion to diversifying and uncorrelated alternative strategies:

Low Beta:           Relative Value, Equity Market Neutral, Multi-Strategy, Alternative Risk Premia, Event Driven

Protection:         Global Macro, Commodity Trading, Systematic Non-Trend, Systematic Trend-Following

Progressive Capital offers alternative multi-manager portfolios in Liquid Alternatives, including commingled funds and customised solutions, designed specifically for institutional clients.

We combine expertise with

social skills.

Team


 

Daniel von Allmen
Chairman & CIO
Read more about Daniel von Allmen
Flurin Grond
Deputy CIO
Read more about Flurin Grond
Dr. Thomas Kochanek
CRO / COO
Read more about Dr. Thomas Kochanek
Mercedes de la Fuente
Business Management Support
Read more about Mercedes de la Fuente
Susanne De Maertelaere
Business Management Support
Read more about Susanne De Maertelaere
Daniel Germann
Portfolio Manager
Read more about Daniel Germann
Othmar Gubelmann
Senior Relationship Manager
Read more about Othmar Gubelmann
Ivo Hubli
Portfolio Manager
Read more about Ivo Hubli
Daniel Irion
Portfolio Manager
Read more about Daniel Irion
Anne Krammer-Vaughan
Head Legal & Compliance, CIFD
Read more about Anne Krammer-Vaughan
Thomas Messerschmid
Senior Relationship Manager
Read more about Thomas Messerschmid
Ilario Scasascia
Head Liquid Alternatives
Read more about Ilario Scasascia
Sükran Yildirim
Senior Operations Manager
Read more about Sükran Yildirim

Board of directors


 

Daniel von Allmen
Chairman of the Board
Read more about Daniel von Allmen
Donat Jösler
Board Member
Read more about Donat Jösler
Markus Häni
Board Member
Read more about Markus Häni
Elmar Meyer
Board Member
Read more about Elmar Meyer

Performance, transparency

and alignment of interests.

At Progressive Capital Partners, we respect our clients and treat them as partners; we listen to them and respond to their needs. Consequently, we share a strong commitment always to put the client first and provide excellence and expertise in client service.

We follow a strict code of values in everything we do. We conduct ourselves professionally, ethically, responsibly and with integrity at all times.

Our aim is not just to sell products and services, but to acquaint clients with the products and to provide them with information for a full understanding of the respective strategies. We discuss the risks and opportunities associated with them and review how particular strategies might work within the context of a client’s portfolio.

We place great emphasis on long-term returns and do not chase managers and strategies on the basis of their most recent performance.

Patience, discipline and a focus on quality represent key elements of our philosophy.

What distinguishes us from most of ours peers is an approach founded on principal-investing combined with extensive practical experience. We align our private and company assets along with our client’s.

News

Download your copy here: Our latest Liquid Alternatives paper provides a concise introduction to SPACs (Special Purpose Acquisition Companies) before diving deep into SPAC arbitrage, which ranks amongst the least risky investments available and contains an attractive upside kicker on top.

In this publication aimed primarily at institutional investors, authors Ilario Scasascia and Ivo Hubli

  • explore the reasons why SPACs are now setting new records in terms of volume and absolute size in 2020
  • in detail explain the mechanics and lifecycle of SPACs, from the IPO, the target search, to the business combination
  • provide an overview of the SPAC market today
  • take a deep dive into investment opportunities and risks, with a special focus on SPAC arbitrage.


Please approach us to discuss the topic or develop ideas around it.

Download article

Watch Matador’s founder and CIO Mitesh Parikh (ex Goldman Sachs and Balyasny Asset Management L.P.) answer the 5 most common questions about his global macro strategy and firm. Learn about their process for identifying opportunities and structuring trades.

A few weeks ago we announced our strategic collaboration with Matador Investment Management Ltd., Mitesh’s Dubai-based investment firm. Please approach us directly to learn more about the strategy and our collaboration, or browse www.progressivecapital.com to learn more about our company.

Watch video

We are delighted to announce that we have entered into a strategic collaboration with Matador Investment Management Ltd., the Dubai-based investment firm founded by trading veteran and CIO Mitesh Parikh (ex Goldman Sachs and Balyasny).

The goal of the collaboration is to combine Matador’s track record in discretionary global macro with Progressive’s experience in structuring liquid alternative investment solutions for institutional investors in Switzerland and abroad.

Here is the accompanying interview to our latest Niche Alternatives publication on investing in music royalties. To download the publication as a PDF, please visit download article.

In the video, Deputy CIO Flurin Grond notes that online music consumption was one of the first activities to recover after the initial COVID-19 market shock. He goes on to

  • look at the long-term revenue properties of music royalties;
  • gauge the overall market potential, and
  • identify key drivers that could turn this market into a USD 100 billion opportunity by the end of the decade.

Download it here: Our latest Niche Alternatives publication takes us deep into the music business and why investing into music royalties can be a powerful investment proposition.

Authors Flurin Grond, Thomas Kochanek and Werner Brönnimann note that online music consumption was one of the first activities to recover after the initial COVID-19 market shock.

They go on to

  • explain the various flavours of music copyrights;
  • look at the long-term revenue properties of music royalties;
  • gauge the overall market potential, and
  • identify key drivers that could turn this market into a USD 100 billion opportunity by the end of the decade.
     

Download article

Complementary convex hedge fund strategies delivered meaningful positive returns during the abrupt and massive market sell-off caused by the spreading of Covid-19. They also generated gains during the preceding bull market in 2019.

In this paper, our Customised Solutions team points out that what worked as a bulletproof protective strategy during the last financial market drawdown cannot be relied on to protect a portfolio during the next one. Nevertheless, there are effective ways to combine downside risk management and robust absolute returns.

Download article

So far, 2020 has been harsh to the markets and the economy. Yet, it could enter the history books as one of the best years for tanker company profits, according to the latest publication by our investment team.

In this piece on niche alternatives, Daniel von Allmen, Flurin Grond and Werner Broennimann focus on tanker rates within the shipping sector. They project oil oversupply levels, assess the potential impact of OPEC+ decisions, and outline why tanker operators may enjoy substantial profits in the coming months.

Download article

Due to the current exceptional circumstances, we will postpone our Niche Alternatives conference originally scheduled for 26 May. Further information will be provided in due course.

Further to an existing mandate and a fund solution, their current team of four specialists will be joining Progressive Capital. 

Download press release

Please read our recent article published in the October issue of the magazine "Schweizer Personalvorsorge".

Download article

The time to consider shipping as an investment has rarely been more interesting, according to the latest publication by our investment team. In this piece on niche alternatives, Daniel von Allmen, Flurin Grond and Werner Broennimann explore the shipping industry's drivers, current phase in the cycle, and IMO2020, which could act as a catalyst for the whole industry.

Download article

In this video, CIO Daniel von Allmen and Deputy CIO Flurin Grond elaborate on the shipping industry, one of the key topics covered in this year's Niche Alternatives Conference. They go into detail on the overall market situation, the challenges shipping has gone trough, and what impact IMO 2020 will have.

Watch video

In this video, CIO Daniel von Allmen and Deputy CIO Flurin Grond debrief key topics covered in this year's Niche Alternatives Conference.

Watch video

In the BAI June Newsletter III/2019 Progressive Capital Partners published an article about the benefits of Niche Alternatives in the portfolio context.

Download article

In this video, CIO Daniel von Allmen and Deputy CIO Flurin Grond talk about the skills, expertise, and the mindset it takes to be successful in Niche Alternative investing.   

Watch video

Progressive Capital Partners

Contact details & address

Progressive Capital Partners Ltd
Haldenstrasse 3 (use entrance H7)
CH-6340 Baar
Switzerland

How to find our office
info@progressivecapital.com
+41 41 561 40 80
+41 41 561 40 88

Linkedin