Altira Group structure

Flexible, specialised investment boutiques valued by investors for their entrepreneurship are best able to take advantage of the promising environment offered by the growth markets in which the Altira Group is specialised. On the other hand, investment boutiques often fail to offer investors an adequate level of institutional infrastructure. However, this infrastructure implies the existence of structures and processes providing stability and continuity, as well as quality standards, particularly with respect to transparent investor communications.

In the Altira Group, investors find both of these factors combined, namely the strong performance of investment boutiques and an institutional infrastructure.

The Altira Group investment teams make independent investment decisions and use their own branding to present themselves to the market (“multi-brand strategy”), as if they were independent investment boutiques. In addition, investment managers operate under an incentive system offering compensation that is strongly related to performance, and are required to invest their own money at the company and product levels (“alignment of interests”).

These three factors, namely a high level of individual responsibility resulting from independent investment decisions, individual brands and appropriate financial incentives, result in an above-average motivation of investment managers with respect to their commitment, their innovative abilities and an identification with their products. The Altira Group therefore offers an environment appropriate for the entrepreneurial characteristics and requirements of such investment managers who want to work independently and build something of their own. This enables the Company to attract the best experts in each area.

At the same time, the Altira Group investment teams all make use of a stable institutional infrastructure for services in areas such as risk management, finance/controlling, legal, marketing and sales (support), and IT. This allows investment managers to concentrate on their investment activities, and enables flexibility, responsiveness and quality standards to be maintained due to economies of scale (resulting from the division of labour) even when assets under management grow. Investors can also be offered the institutional structure they require, particularly with respect to the transparency of investor communications. This institutional infrastructure also has further advantages due to cost, knowledge and networking synergies that cannot be realised by independent investment boutiques. In addition, the Altira Group also generally provides seed money for new products in accordance with the principle “We also invest in the products we offer to our customers”. As an owner-managed asset management company, the Altira Group generally strives for long-term, sustainable corporate management, which also ensures stability and continuity for investors in the investment teams’ products and Altira’s shareholders.

Altira Group investment teams all make use of a stable institutional infrastructure for services in areas such as Risk Management, Finance/Controlling, Legal, Marketing & Sales and IT. This institutional infrastructure also allows seed money investments in new products and realisation of cost, knowledge and network synergies.