WE OFFER INVESTMENT EXPERIENCE

Emerald Capital Fund Ltd (the “Fund”) is registered in Mauritius as a Collective Investment Scheme (‘CIS’) and authorized to operate as an Expert Fund, regulated by the Financial Services Commission of Mauritius.

The primary objective of the Fund is to invest in the Swiss assets and achieve substantial net-asset-value appreciation while minimizing the risk of capital loss for its investors, over a medium to long-term shareholding period.

ATTRACTIVENESS OF SWITZERLAND

SWITZERLAND KEY FACTS

Economic and political stability demonstrated over the past decades;
Reputed and long established financial centre;
No foreign exchange control imposed;
The Swiss Franc (“CHF”) is a strong and stable currency;
The Swiss trade surplus averaged CHF 103.94 million from 1950 to 2019;
Low inflation and unemployment rate;
Ranked 1st in Europe and 4th worldwide as per Global Competitiveness Index report;
With a GDP per capita of around CHF85,000, Switzerland ranks 3rd worldwide;
Ideal geographical position - 3 from the 4 Europe’s strongest economies are neighboring countries (Germany, France, Italy);
Entrepreneur nation – Most Swiss firms (over 90%) are small and medium sized enterprises;
Growing rate of women entrepreneurs, equaling woman to man ratio over the years;
The SPI EXTRA which offers the opportunity to track the development of Switzerland small- and mid-cap segment has regularly provided a better return than the Swiss Performance Index (SPI) indicating the overall stock market index;
Swiss image is synonym to: Precision, Reliability, Solidity and Quality (Swiss made).

STRATEGY OF THE FUND

The investment objective of the Fund is to achieve superior, long-term, risk-adjusted returns and capital growth by investing primarily in equity and equity-related securities.

The investment philosophy is focused on selecting securities with a strong growth potential mainly among the small and mid-size Swiss companies; the growth potential is still intact and these mid-sized companies have emerged stronger from recent turmoil in the currency markets.

Despite the sharp rise in the Swiss franc over the past 40 years, Swiss companies have remained competitive in an increasingly globalized world. The strength of Swiss companies lies in the judicious use of a quality workforce, liberal and business-oriented framework conditions, openness to the world, an appropriate valuation of intellectual property as well as focus on the sectors with the highest added value.

THE PROCESS

The investment approach is based on fundamental research; investments are based on:

  • Identifying a sustainable (strategy analysis), competitive analysis (business and profitability outlook) and financial (published and expected results, and balance sheets) competitive advantage;
  • An analysis of the valuation of the security (e.g., change in the components in the price of the security); and
  • An evaluation of the management of the company issuing such security. The ultimate goal of the Fund is to beat the Swiss Performance Index (SPI).

Over and above the quantitative approach, the investment team, who has a proven track record in Swiss wealth management, shall also be using their expertise to make appropriate judgment based on non-quantifiable information, such as potential investee companies’ management records, industry cycles, strength of research and development and labor relations. It is also expected that the investment team make site visits for prospective investments.

The promoters believe that apart from the blue chips market, there exists a real potential of higher return from the small and medium niche Swiss enterprises. Investors are attracted to the big names on the Swiss market such as Novartis, Nestle and UBS but which do not yield relatively high return.

The SPI Extra Index shows how attractive small and mid-caps can be. It consists of around 200 small and mid-cap shares listed on the Swiss stock exchange. The SPI Extra has generated returns of 92% over the past five years. One of the reasons for this is that some of the SMEs represented in the SPI Extra have particularly high growth rates. In addition, smaller companies often act more quickly due to their shorter decision-making processes, which allow them to adapt to market requirements.

WE BUILD YOUR NET WORTH

Our Directors

"Dynamic and Expertise"

HEIN RAYMOND MARIE MARC SC, G.O.S.K

Mr. Hein holds an LLB (Hons) from the University of Wales, a licence en droit from the University of Aix-en-Provence and is a Senior Counsel. He was called to the Bar in London and Mauritius in 1979 and is the Founder and Chairperson of Juristconsult Chambers, a leading business law firm. He also served as Chairperson on the board of the Financial Services Commission of Mauritius. He has acted as legal advisor and acted as board member to a number of investment funds operating in Mauritius and from other jurisdictions.

KICHENIN NISHI

Mrs. Kichenin is the Founder, Director & Group CEO of JurisTax Holdings Ltd. She holds an LLB (Hons) with the University of London and is an Associate Member of the Institute of Chartered Secretaries and Administrators (UK). Before joining the Global Business industry in 2004, she spent 8 years teaching law, corporate administration and corporate secretarial practice. Mrs. Kichenin is an insolvency practitioner and a member of The International Fiscal Association.

PÉCLARD FRANÇOIS, TEP

Mr. Péclard is the founder and director of Asarum Wealth Management Ltd, engaged in fund management activities, located in Basel. He has more than twenty years of experience in banking and fiduciary activities with a core footprint in the area of private banking providing customer liaison and support of UHNWI and HNWI clients. Mr. Péclard holds a law degree with the University of Basel. He has also achieved the title of Trust and Estate Practitioner and is an active member of the Society of Trust and Estate Practitioners (TEP) in Switzerland.

THE CIS MANAGER

"Gain from our Perspective"

Emerald Capital Management Ltd (the ‘Investment Manager’), is registered in Mauritius and
holds a Global Business Licence as well as a CIS Manager Licence, all being regulated by
the Financial Services Commission of Mauritius.

The Investment Manager is responsible for making investments and divestments decisions on
behalf of the Fund and have such duties and obligations set out in relevant regulations.


THE INVESTMENT MANAGEMENT TEAM

The team comprises of dedicated, qualified and experienced professionals providing
tailored-made investment management services at the highest standards.

  • BAUDIN PIERRE GRÉGOIRE

    Mr. Baudin is the founder and president of Artemis Gestion SA, a family office and wealth management boutique, located in Wollerau.

    Previously, he has worked for 20 years in two swiss banks, namely Dreyfus Sons & Co. Ltd and Banque Cantonale Vaudoise, managing a portfolio of UHNWI and HNWI Swiss and foreign clients.

    Mr. Baudin is of Swiss nationality and holds a Master’s degree in Sciences from l’Ecole Polytechnique Fédérale de Lausanne, together with the Federal Diploma of Financial Analyst and Portfolio Managers and Expert in Finance and Investments as well as an MBA from Babson College, Massachusetts in the United States of America. He has also served as a part time teacher in Wealth Management in Switzerland for the Certified International Wealth Manager program-CIWM.

    Read more
  • BRASEY PASCAL DOMINIQUE

    Mr. Brasey has over 37 years of experience working at Dreyfus Sons & Co. Ltd, a Swiss based bank specialising in exchange, securities and asset management business.

    During his career, Mr. Brasey has held various responsibilities and functions, including provision of investment advisory services to ultra-high net worth clients and managing a portfolio valued at CHF 2 billion consisting of Swiss as well as foreign clients.

    Mr. Brasey holds a federal diploma in Financial Planning and Investments and a diploma in Tax Planning and Banking Compliance from the Swiss Banking School.

    Read more
  • BUNDHUN DILSHAAD

    After graduating with a BSc in Financial Services from Buckingham University in the UK, Mrs. Bundhun joined the banking industry in 1997, with the Mauritius Commercial Bank (MCB). She gained ample experience in various roles.

    In 2006, Mrs. Bundhun became a Private Banker at The Mauritius Commercial Bank Limited and was instrumental in developing the International Clients’ segment in a lead role in driving the HNW investors’ relationship team.

    After 18 successful years at the MCB, Mrs. Bundhun launched Strategia Wealth Management Ltd, capitalising on her experience in dealing with clients and investors from all over the world.

    Read more
  • MERLE LOUIS DIDIER

    After having spent over 22 years in the financial industry, Mr. Merle has set up an Investment Management company whilst capitalising on his experience of the investment Management Business.

    Prior to launching his private business, Mr. Merle was the Head of Private Banking and Wealth Management at the MCB Ltd for 9 years (2009-2018) and Managing Director of CIM Asset Management Ltd (2005 -2009).

    He returned to Mauritius after his successful years at Banque Transatlantique (2002-2005) as Portfolio Manager where his clients were mainly financial intermediaries and institutional investors. Prior to that, Didier Merle spent 3 years at Dresdner Private Banking, Paris (1999 – 2002) and BFC - Océan Indien, Paris-(1996 – 1998) as Portfolio manager.

    Mr. Merle holds an MBA which he obtained from Paris Dauphine, Sorbone. He is a Graduate from the School of Chamber of Commerce and Industry of Paris (ECCIP) and holds a Diploma in Maths and Physics.

    Read more
  • RAMALINGUM KESSEN

    Mr. Ramalingum is an economics & finance graduate with more than 10 years’ experience in the financial services Sector.

    He is the CEO of Turquoise Capital Management Ltd, a licensed wealth & fund manager and holds a Representative of Investment Adviser Licence from the Financial Services Commission of Mauritius. He is also a director of JurisTax Services Ltd, company providing corporate and fund services.

    During his career, Mr. Ramalingum has managed and administered investment funds with more than CHF 1 billion of asset under management.

    Read more
  • STALDER RÉNE ALFRED

    Mr. Stalder specializes in the field of wealth management and has managed portfolios of local and international clients.

    Being a previous member of the Dreyfus Sons & Co Ltd board, he has been involved in the expansion and good functioning of the bank’s wealth management department.

    Mr. Stalder holds a certificate and diploma of Bank Employee emitted by the Helvetian Confederation. He holds over 48 years’ experience in the bank Dreyfus Sons & Co Ltd and retired as the Vice President of the bank.

    Read more

WHO SHOULD INVEST?

The Fund is designed for expert investors, who are willing to subscribe for a minimum initial investment of USD 100,000 or equivalent in another currency and who are also aware of the risks and returns of such investment.

An expert investor is defined under the Securities (Collectives Investment Schemes and Closed-End Funds) Regulations 2008 as:

(i) an investor who makes an initial investment, for his own account, of no less than US$ 100 000; or

(ii) a sophisticated investor as defined in the Securities Act 2005 or any similarly defined investor in any other securities legislation.

It is the optimal structure for African, Asian and Middle Eastern investors wishing to reap from the ever growing attractiveness of the Swiss economy as a sustainable mean of risk diversification.

Why Mauritius?

  • Investment Promotion and Protection Agreements (IPPAs) and Double Taxation Avoidance Agreements (DTAAs) signed with a number of countries;
  • Harbours a favourable investment climate and is well recognised for its political stability, sound economic policy and good governance; and
  • No capital gains tax.

SERVICE PROVIDERS

Fund Administrator

The Fund has appointed JurisTax Ltd (the “Fund Administrator”), a Management Company regulated by the Financial Services Commission of Mauritius and acting as administrator and company secretary. JurisTax Ltd is also an ISO 27001 certified firm. The Fund Administrator provides registration, secretarial services and fund administration services in Mauritius. It is responsible for all relevant customer due diligence and anti-money laundering procedures. The Fund Administrator is also responsible for the Net Asset Value (“NAV”) calculation through the specialised system, PFS Paxus.

Banker

Headquartered in Port Louis, Mauritius, Bank One Limited is a universal bank serving the four main segments namely consumer banking, corporate, private and international. Bank One Limited provides a wide range of banking products to its clients through a chain of 13 branches across the island. The bank also offers treasury services and has developed strong capabilities in e-commerce acquiring. Besides being a high-street bank, Bank One Limited is licensed by the Financial Services Commission to act as an Insurance Agent, distributor of financial products, investment advisor and custodian. Bank One Limited also has a representative office in South Africa.

Auditor

JGK Associates is a team of Chartered Certified Accountants, Business Consultants and Financial Advisers which provides statutory and ad-hoc corporate services, ranging from audit, accounting, administration, tax, compliance and advisory. The firm is a licensed auditor and is regulated by the Financial Reporting Council. It is also a registered firm under the Mauritius Institute of Professional Accountant (MIPA). JGK Associates already has, in place, the latest technology and resources to conduct audits in accordance with International Standards of Auditing and follows the IFAC Code of Ethics.

Legal Adviser

Juristconsult Chambers is a leading law firm in Mauritius and the region. For over twenty-four years, Juristconsult has advised its clients who wish to invest in Mauritius or in the Global Business Sector. The members come from various legal backgrounds, having been educated and professionally trained both in Mauritius and in other jurisdictions such as France and the United Kingdom. They are all well versed in the Mauritian legal and business environment and most of them practise at the Mauritian Bar.

Emerald Fund Mauritius

Level 1, Ebene House, Hotel Avenue, 33 Cybercity,
Ebene 72201, Mauritius

T: (+230) 465 5526   F: (+230) 468 1886

top