Clarity and consistency
Few major financial institutions offer strategies as consistent and well-defined as those of Banque Piguet. Our difference lies in the fact that Research personnel are involved in Management. Our size enables us to have a tight, experienced and skilled decision-making team that works in close liaison with the asset managers. This means that each person abides by clear, well-supported and easily accessible options.
Anticipating rather than reacting
A characteristic feature of our strategy is its capacity for anticipation. This allows us to steer clear of received ideas and asset classes that give rise to excessively bullish or bearish fads and are therefore suspect. Instead, we prefer to rely on reflection and good sense to help us depart from the consensus and take up “contrarian” positions in good time, even if it means being right too soon. We regard this as the best way of avoiding the speculative bubbles whose negative effects, as we know, can take more than a decade to recover from, and of not missing good buying opportunities when no-one any longer wants an asset that has become undervalued.
Objectivity above all
Our investment strategy is based on a rigorous analysis of long-term macroeconomic trends, including their social and political aspects. This process is carried out by an experienced team. One group monitors global bonds, another alternative investments, while the equity markets are monitored according to regional specialisation. There are constant exchanges of points of view.
Our analysts also rely on an array of technical tools that are free from any bias. These indicators measure the variations in investors’ moods and flows of funds, as well as the internal dynamics and valuations of different assets or different regions. This makes it possible to evaluate the expectations and attitudes of global investors with regard to the markets, and thus the chances of any surprise with respect to the consensus views.