Walter Berchtold

Provides investment banking, advisory, wealth and asset management services

Provides global investment banking services

Falcon-PB is an active, growth-oriented investor and manages portfolios invested in Swiss equity and fixed-income as well as globally. They primarily invest in European and North American giant- and large-cap equity. However, there is no market cap restriction and no particular sector focus. Falcon-PB is a long-term and risk-averse investor. Asset allocation is the key element of their investment process. Once assets have been allocated they follow a bottom-up, sector-oriented process for domestic investments while they favor a top-down approach when investing internationally. The firm emphasizes fundamental research although they also use quantitative tools. They quantitatively screen for cash flow and asset valuations over a period of time and seek to identify large-scale societal, demographic, and economic cycles likely to impact near-term valuations. Fund managers meet with the management teams of potential investees as part of the research process.

Credit Suisse is an active, growth-oriented and research-driven manager which aims to create value for shareholders by taking advantage of their global integrated network. The firm seeks to follow a balanced approach to wealth management, which aims to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse invests in a range of asset classes including equities, fixed-income, multiple-asset class products, real estate, hedge funds, private equity, and volatility management that combines a top-down approach for asset allocation with a bottom-up approach for stock selection.

Develops screen based electronic trading system for the secondary trading market

Functions as a closed-end investment fund or Investment trust

CSPB is an active manager which performs in-house research. The firm's Investment Committee defines the investment strategy. In addition, based on the economic and financial analyses carried out by Credit Suisse Investment Research, the Investment Committee decides on the weighting of investment assets in the individual investment vehicles including money markets, bonds, equities, alternative investments, commodities and cash. The firm's Investment Committee also decides on short and medium-term trading options in a three to six-month horizon. The investment policy is monitored continuously at the Investment Committee's weekly meetings.

Provides securities and commodities trading services

Engages in electronic trading with financial market products