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 managed futures strategies. The company aims to manage and create products uncorrelated to traditional investments.
From the very beginning Progressive's goal has been to promote alternative investments and to make them available to a broader public.
Progressive has been operating successfully for many years and has consistently strived to enhance its product range to meet its clients' needs.
As of end of October 2019 Progressive’s assets under management total approximately USD 490 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 Association (AIMA).
Please read this disclaimer carefully, as it explains certain restrictions imposed by law on the distribution of this information.
The information and materials in this website and any pages thereof (the "Website") contain information on foreign collective investment schemes managed by Progressive Capital Partners Ltd ("Progressive") which have not been approved by the competent regulatory authorities for distribution in Switzerland or any other jurisdiction to retail investors in accordance with the relevant law. Therefore, the information contained in the following pages is only directed to professional investors (a "Professional Investor") as defined by the relevant law in your jurisdiction. In Switzerland, this is in the meaning of a qualified investor according to Art. 10 Para. 3, 3bis and 3ter CISA.
Should any of the above statements not or no longer be true please contact us immediately and provide us with the amended information or request your registration to be deleted.
The information and materials in this Website do not constitute an offer to buy or sell shares of funds or advisory management services in any jurisdiction where such activity is unlawful. All information contained in this Website is intended solely for the use of the person to whom it is made available and may not be reproduced, copied or given to any other person. These pages and any of the documents displayed on them are not intended as an offer or solicitation with respect to the purchase or sale of shares to the public.
Units or shares in the funds described on this Website are not available for sale in any jurisdiction in which such sale would be prohibited. This site and the documents displayed on it contain information about funds that are authorized for distribution to Qualified Investors in Switzerland. Subscriptions will only be received and shares issued on the basis of the current offering memorandum or prospectus of the relevant fund.
1. General Provisions
This Website offers certain information about the approach of Progressive Capital Partners Ltd and its affiliates ("Progressive") to providing investment funds and advisory management services. The information provided on the Website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution, publication or use would be contrary to local law or regulation or in which Progressive does not hold any necessary registration or license. Individuals or legal entities in respect of whom such prohibitions apply, whether on grounds of their nationality, their place of residence or on other grounds, must not access or use the Website. Such persons include, in particular, nationals and/or residents of the USA and the Cayman Islands.
2. Use of information and material
This Website and the information herein is for general information purposes only. In addition, the information and materials contained in this Website are subject to change without notice. Not all products and advisory or management services are available in all geographic areas. Your eligibility for particular products and advisory or management services is subject to local law and regulation. Unauthorized use of the Website and Progressive's systems, including but not limited to unauthorized entry into Progressive's system, misuse of passwords or misuse of any information posted on this Website, is strictly prohibited. Your eligibility for a particular product or service is subject to final determination by Progressive.
3. No advice, offers or solicitations
The information and materials in this Website should not be construed as to provide tax, legal or investment advice. In addition, the information and materials herein shall not constitute an offer or solicitation, or an offer to sell, shares of any of the funds or any advisory or management service in any jurisdiction. Shares of any funds may only be made by the offering memorandum or prospectus for the relevant fund, and only to investors who meet certain eligibility requirements. The type of securities mentioned may not be suitable for everyone. Users are urged to base their investment decisions upon a thorough investigation and to obtain all necessary professional advice.
4. Passwords and security
Please note that when using any Internet facility (such as this Website), data is transported over an open network that is accessible to third parties and may not be secure and there is a risk that information may be corrupted or interrupted during transmission or that any encryption technology may not provide complete protection. Data is also regularly transmitted across international borders. This also applies to data transfers where both the sender and recipient are located in the same country.
5. Investigation and disclosure of information
Progressive has the right, but not the obligation, to monitor any activity and material associated with the Website. Progressive may investigate any complaint or reported violation of its policies and take any action that it deems appropriate. Such action may include, but is not limited to, issuing warnings, suspending or terminating your use of all or any portion of the Website and denying you access to all or any portion of the Website. Progressive also reserves the right to report any activity that it suspects may violate any law or regulation to appropriate law enforcement officials, regulators, or other persons or entities. In order to cooperate with governmental requests, to protect Progressive's systems and other users, to ensure the integrity and operation of the Website, business or systems, or otherwise to comply with the law and legal process, Progressive may access and disclose any information it considers necessary or appropriate.
6. Disclaimer of warranties
Progressive has exercised the utmost care in compiling the information contained on this Website. Information provided on the Website is constantly updated and checked for accuracy. However, neither Progressive nor its contracting partners makes any representation or warranty (whether express or implied) that any information published on the Website is accurate, reliable, up-to-date or complete. In particular, Progressive is under no obligation whatsoever to update or remove outdated information or opinions from the Website or to mark them as being outdated. The information and opinions contained on the Website are subject to change at any time without notice.
Moreover, no warranty is given that the Website will operate error free or without interruption, that any faults will be corrected, or that the Website and servers from which information is accessible will be free of viruses, trojan horses, worms, software bombs or other harmful components and programs and Progressive accepts no liability in respect thereof.
Past performance of an investment instrument is not necessarily indicative of its performance in the future, and nothing on this Website should be interpreted to state or imply otherwise. Investments in foreign currencies are also subject to exchange rate fluctuations. Distributions paid out in connection with an investment instrument may also vary. Progressive gives no warranty as to (i) the growth or preservation of any capital invested in an investment instrument and (ii) the amount of any future distributions.
All information available on this website, including but not limited to financial market data, price data, reports, research and other financial information is based on carefully selected sources that are deemed to be reliable. All information is provided to users on an "as is" and "as available" basis without any representation or warranty either express or implied as to quality, originality, non-infringement of intellectual property rights or fitness for a particular purpose.
7. Limitation of liability
Progressive gives no warranty that the information provided on its website is up-to-date, accurate or complete and accepts no liability in respect thereof. Progressive shall not be liable for any direct or indirect loss or damage, including but not limited to loss of profit, that may be suffered as a result of information provided on the Website, or for any loss or damage resulting either directly or indirectly from use of the Website and the information contained therein or from risks associated with the financial markets. Progressive shall only be liable for loss or damage attributable to ordinary negligence if such loss or damage was foreseeable. Liability for consequential loss and loss of profit is hereby excluded.
9. No orders
The input fields on the Website are not intended to be used for placing orders (e.g. orders for the purchase/sale of investment instruments) with Progressive. Progressive shall not execute any orders placed in this way or notify the sender accordingly, and no legally binding contract shall come into effect between the sender and Progressive.
10. Intellectual property, copyright and trademarks
All components of the Website are protected by intellectual property laws and are the property of Progressive or third parties. Users shall not acquire any rights, including rights in or to any software, trademarks or components of the Website, by downloading or printing any material from the Website. Copyright notices and trademarks may not be changed or removed. Components of the Website may not be reproduced in whole or in part in any manner or form (including electronic or printed form) without the prior written consent of Progressive and unless full acknowledgement of the source is provided.
Users are not permitted to create hyperlinks or inline links from other websites to the Website without the prior written consent of Progressive.
11. Potential conflicts of interest
Progressive, its directors or employees may have previously invested, may be currently investing or may in future invest in investment instruments in respect of which information or opinions are provided on the Website. It is also possible that Progressive has previously provided, is currently providing or will in future provide services to the issuers of such investment instruments, including, for example, corporate finance or market making services. Furthermore, it is possible that employees or directors of Progressive have previously performed, are currently performing or will in future perform certain functions on behalf of the issuers of such investment instruments, e.g. serving as director. Progressive, its directors or employees could therefore have an interest in the future performance of investment instruments.
12. Links to other websites
The Website may contain links to the websites of other providers and information supplied by such providers ("External Links"). Progressive provides links to external websites in addition to its own information solely with a view to enhancing user-friendliness and providing information to users. Progressive has no control over the content of such external websites and accepts no responsibility or liability in respect of the accuracy, reliability, completeness, truth or currency of such material or its fitness for a particular purpose. Progressive excludes all liability, including but not limited to liability for any direct or indirect loss or damage or any consequences that may arise out of or in connection with the use of content on external websites. Although linked websites are carefully selected, Progressive has no control over the content of such websites. Accordingly, Progressive accepts no liability in respect of the content of External Links, including in particular any content that is altered after the link was created. Progressive is not responsible for transferring such information, selecting the information sent or the recipients thereof, or altering any information provided. Such External Links are not automatically stored by Progressive on a temporary basis due to the method used for creating and accessing links. Operators of websites accessible through the External Links are therefore solely responsible for the content of linked websites.
Moreover, Progressive gives no warranty either that such websites or the contents thereof do not or will not infringe any third-party copyright, trade mark or other rights, or that such websites or the contents thereof are free of viruses or other harmful components. No warranty is given as to the authenticity of any documents available on the Internet.
13. Assignment and delegation
14. Enforceability of disclaimers
The disclaimers set out above shall be deemed to form part of the content of any websites from which reference to this Website was made. If any sections or individual provisions hereof are or become illegal or unenforceable either in whole or in part, such sections or provisions shall not affect the content or validity of the remaining parts of the document.
15. Applicable law/place of jurisdiction
Daniel joined Progressive Capital Partners in 2006 and initiated the Qualitium Fund.
Prior to that, he spent five years at LGT Capital Partners, Pfäffikon, Switzerland, where he was responsible for managed futures and global macro investments and took over responsibility for Swiss institutional clients for Hedge Funds and Private Equity investments.
From 1996 to 2001, he worked as Head of Equity and Derivatives Trading at LGT, Vaduz, Liechtenstein.
Daniel spent the first thirteen years of his working life with UBS, Zurich and London, mainly in the bank’s derivatives trading operations.
Thomas joined Progressive Capital Partners as Head of Relationship Management in 2015 after having worked as Head of Product Sales at Harcourt Investment Consulting (Vontobel Group), a leading Hedge Funds provider in Switzerland, from 2011 to 2014.
Prior to that, Thomas worked for two years at MF Global (Schweiz) AG, Zurich, as Branch Manager and Senior Global Equities Sales.
From 1997 to 2008, he worked at Citigroup Global Markets Ltd., Zurich, where he was appointed Head of the European Equity Sales team in 2007. He started his career at UBS in 1992.
Thomas is a Certified European Financial Analyst (CEFA).
Flurin joined Progressive Capital Partners in 2017. Before that, he worked as a Portfolio Manager at the Abu Dhabi sovereign wealth fund ADIA with a special focus on alternative equity strategies in the hedge fund group for five years.
From 2002 to 2012 Flurin worked at Man Group's (RMF) Multi Manager Business in London and Switzerland, responsible for analysis of equity hedge, emerging markets and global macro strategies and managing various multi manager portfolios. Prior to that, he spent five years in equity trading and derivatives market making at Bank Vontobel and Credit Suisse, Switzerland.
He started his career at UBS Zurich trading G7 and emerging markets equities.
Flurin holds an MBA (with distinction) from the Strathclyde University Glasgow. He is a Certified International Investment Analyst (CIIA) and a Chartered Alternative Investment Analyst (CAIA).
Thomas joined Progressive Capital Partners in January 2018. Before that he worked at a Spanish investment bank, where he serviced institutional clients in Alternative Investments and Structured Products. He then became Director of a Malta-based Alternative Investment platform and Co-CEO of a Zurich-based quantitative hedge fund. During his career, he served high net worth individuals, professional and institutional clients with regards to portfolio optimization and developing investment strategies.
Thomas holds a PhD from the University of St.Gallen, a MBA from Western Illinois University, a business diploma (Diplom-Kaufmann) from University of Mannheim and he is Research Professor for Financial Services at Hankou University in Wuhan, China.
Werner joined Progressive Capital Partners in August 2018. During the last 12 years he gained experience in financial services and consulting, 8 of which in JPMorgan derivatives structuring. In his last position with PwC, he got insight into the regulatory and controls perspective of financial markets and services, through work in audit with valuations and trading governance, FS consulting and through forensic projects.
Werner holds a master degree of University of Zurich in Financial Economics and a certificate of quantitative finance (CQF).
Mercedes joined Progressive Capital Partners in 2018. From 2009 to 2016, she worked for Swiss Capital Wealth Management co-managing a Saudi Family Office and from 2005 to 2008 she supported the Swiss Capital Alternative Investment sales team with their marketing activities. Further fields of work within the Private Banking were with HSBC Guyerzeller Bank (3 years) and Bank Julius Baer (7 ½ years) both in Zurich.
She started her career in banking with the Lebanese bank Banque Audi (Suisse) SA, Zurich, in 1985.
Susanne joined Progressive Capital Partners in 2017. Before that, she worked for two years at a telecommunications company in Zug, Switzerland, as PA to the Managing Director. Prior to that, Susanne served as executive assistant at a venture capital fund in Zug for eleven years.
In the past, Susanne worked at various offices in Switzerland since 1999.
Othmar joined Progressive Capital Partners in 2015 after having worked at his own company Gubelmann Consulting since 2010.
Before that, he spent more than ten years at Swiss Capital Alternative Investments AG, Zurich, Switzerland, as a Partner and Head of Market Development Switzerland.
Previously, Othmar worked as Head of Sales Fixed Income Products to Swiss clients at UBS Limited London, in London and Zurich.
From 1992 to 1997, he worked at UBS, Zurich, within the sales team of fixed income products and equities after having worked at UBS, Geneva, Switzerland. Othmar started his professional career at UBS, Zurich, in 1976.
Anne joined Progressive Capital Partners in 2011. She has over 15 years’ experience in the investment banking field, mainly in equity derivative sales at global US and European investment banks such as Salomon Brothers Intl. Ltd., ABN AMRO Bank N.V., Zurich, Switzerland as Vice President and previously with Horizon21 Alternative Investments, Pfäffikon, Switzerland.
Anne is also experienced in functions such as assistance in trading, support in alternative investments legal product structuring and legal research.
Anne holds an Executive MBA from the Graduate School of Business Administration Zurich, Switzerland and the State University of New York at Albany.
Thomas joined Progressive Capital Partners in 2015 as a Senior Relationship Manager. Previously he worked as a Relationship Manager at Julius Baer, Zurich, Switzerland, advising and servicing independent asset managers. Prior to that, Thomas worked as a Product Sales for Harcourt Investment Consulting (Vontobel Group), a leading Hedge Funds provider in Switzerland. From 2000 to 2011 he worked as a Senior Equity Sales person first at Citigroup Global Markets Ltd, Zurich, for 9 years and later at MF Global. Thomas started his career at Credit Suisse in 1996.
Sukran joined Progressive Capital Partners in 2017 after having spent two years abroad. From 2013 to 2014, she worked as Assistant Mandate Consultant at Julius Baer Group, Zurich, Switzerland.
Prior to that, Sukran received a bachelor’s degree magna cum laude from Montclair State University in New Jersey, USA, where she also interned for Merrill Lynch Wealth Management.
Sukran started her career at Siemens AG, Switzerland, in 2008.
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 the 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 clients’.
Progressive Capital Partners Ltd
Haldenstrasse 3 (use entrance H7)
+41 41 561 40 80 phone
+41 41 561 40 88 fax
Progressive Capital Partners Ltd
(use entrance H7 at Haldenstr. 1)
You may download the following documents to your computer for viewing or printing purposes: