Anto Grubesa
Portfolio Management
Listed investments form the foundation of many client portfolios at Alpen. By combining equities, bonds and ETFs within a disciplined framework, we structure globally diversified allocations with a focus on liquidity, transparency and institutional execution. Our approach ensures that listed assets are not generic holdings, but tailored with consideration for individual risk profiles, tax circumstances and long-term perspectives.
Our role is to support the use of listed securities within a broader wealth management strategy. We use equities, bonds, ETFs and structured products where appropriate, tailoring portfolios to reflect personal circumstances. Each allocation is structured with attention to tax implications, risk factors and transparency. With clients free to choose custodians, we coordinate implementation across platforms with the aim of supporting consistent and efficient execution. Listed assets can provide diversification and play a complementary role alongside private and alternative investments within a structured, long-term strategy.
Bonds play a central role in wealth preservation and portfolio stability. We use government and corporate issues across geographies, maturities and credit qualities to shape fixed-income allocations that reflect client objectives. Each position is assessed for liquidity, currency exposure and tax impact, with the aim of structuring bonds in line with evolving priorities. By actively balancing income generation with risk awareness, bonds serve as a reliable foundation within a broader investment framework.
Equities provide access to global markets and often play a central role within listed portfolios. We select holdings based on geography, sector relevance and client goals, balancing broad market access with targeted opportunities. From developed markets to specialist industries, our allocations follow a disciplined, research-driven process. Each equity position is chosen to fit within a larger allocation strategy aligned with risk appetite, liquidity needs and long-term vision.
ETFs offer efficient, transparent access to a wide range of asset classes, sectors and geographies. We use them to complement direct equity or bond positions, manage exposures and adjust allocations with precision. Their liquidity and cost characteristics make them effective tools for diversification and portfolio structuring. Integrated carefully into portfolios, ETFs allow us to adapt strategies to client-specific tax considerations, risk tolerance and long-term objectives while maintaining a transparent, rule-based framework.
Mutual funds provide access to specialist managers and diversified pools of assets that can play a role within a broader portfolio. We use them selectively where they complement direct securities or ETFs, considering liquidity, transparency and overall cost. Mutual funds are particularly useful for gaining exposure to niche markets or strategies requiring active oversight. Each selection is integrated carefully with other holdings, with the aim of ensuring consistency across custodians and reflecting client priorities.
Our investment specialists contribute extensive experience, insight and discipline. With strategies structured around client objectives, we aim to deliver portfolio management that is transparent and tailored to individual circumstance.
Anto Grubesa
Maximilian Böhme
Fabian Baumgartner
Pierre Gabris
At Alpen, we provide listed investment services in Switzerland designed to meet your unique financial needs. As a Swiss-based firm in investment strategy services, we offer:
Navigate the complexities of managing and protecting your wealth with our professional advisers, experienced in Swiss and international financial markets.
Benefit from our familiarity with the Swiss financial market and its regulatory environment.
Receive personalised wealth management plans that reflect your financial goals and risk profile.
Access a full suite of services including investment planning, tax optimisation and succession planning.
We strive to deliver high-quality services aligned with our clients’ objectives.
Listed investments are never static; they require ongoing monitoring and adjustment.
These questions are often asked in relation to listed investments.
Listed investments represent far more than just liquid holdings. They form the foundation for efficient, globally diversified portfolios. At Alpen, we treat equities, bonds, ETFs and funds as strategic tools, not generic allocations. Each position is selected with attention to risk, liquidity, tax, transparency and individual circumstances, and is coordinated across custodians with the aim of achieving consistent implementation. By combining listed securities with private and alternative investments, we structure strategies designed to adapt as circumstances change. This disciplined approach positions listed investments as a central component within broader wealth planning.
For ultra-high-net-worth clients, listed securities form the backbone of most portfolios. They provide liquidity, transparency and execution features that support efficient deployment of wealth and adjustments as circumstances evolve. Equities, bonds and ETFs enable investors to access global markets across sectors, regions and currencies while maintaining clarity and oversight. Unlike private holdings, listed securities provide daily valuations, helping families monitor progress and adapt to new priorities.
Their importance lies not in simple availability, but in how they are selected and combined. At Alpen, we approach listed securities through disciplined asset allocation. We define exposures across asset classes, sectors and geographies before selecting instruments, with the aim of positioning each element within the broader framework. This structure helps mitigate concentration risk and supports long-term stability, while retaining flexibility to incorporate emerging opportunities where they align with client objectives.
Equities bring access to growth, whether through broad global indices or targeted sector exposures. They are selected to reflect each client’s long-term goals, balancing stability with opportunity. Bonds add predictability and wealth preservation, spanning government, municipal and corporate issuers across credit qualities and maturities. Together, these instruments are combined within a framework that balances different characteristics, such as growth potential and risk considerations.
ETFs and mutual funds expand this toolkit, offering vehicles for diversification and specialist market exposure. ETFs are often chosen for their liquidity and cost characteristics, while funds may provide access to professional managers or specific market segments. Structured products can also be integrated, offering specific risk-return profiles aligned with client objectives. Each element is considered carefully, in connection with other components, and within the broader framework. The goal is not simply to hold a mix of listed instruments, but to craft allocations that support enduring wealth stewardship and evolving financial priorities.
No two portfolios are the same. Listed allocations are structured around liquidity needs, tax considerations, risk appetite and time horizon. A globally diversified equity allocation, for example, may be paired with carefully structured bond exposures to manage cash flow requirements. For clients with multi-jurisdictional needs, currency management becomes a priority. Our role is to align each listed position with these circumstances, structuring portfolios that reflect both current needs and long-term perspectives.
Platform flexibility is also essential. Clients choose their custodians, and we coordinate implementation across them. This independence supports transparency and reduces potential conflicts of interest. Clients retain oversight while benefiting from institutional execution and systematic monitoring. The open-architecture model also provides flexibility to adjust strategies as markets evolve, helping maintain consistency across multiple custodians and structures.
Listed investments are dynamic by nature and require ongoing monitoring and adjustment. Risk is addressed through diversification, hedging tools and active oversight. We may employ stop-losses, portfolio rebalancing and position adjustments as part of the investment process, with careful attention to volatility and liquidity. Each decision is guided by process, not speculation, reflecting our commitment to disciplined wealth management. This consistency is particularly important during periods of market stress, when emotions can cloud judgement. Our systematic approach is designed to align adjustments with long-term plans rather than short-term fluctuations.
Equally important, listed assets are not standalone holdings. They form the liquid foundation upon which private equity, real estate and other alternatives are layered. This integration combines flexibility with a long-term perspective. Listed investments create a transparent, liquid core that complements broader strategies and adapts to evolving objectives across generations. By balancing the accessibility of listed securities with the selectivity of private markets, Alpen structures portfolios designed to address both stability and innovation. This integration reflects our philosophy that listed securities are not generic instruments, but powerful components of a global, resilient and tailored wealth management strategy.
At Alpen, wealth management goes beyond financial returns. It is built on trust, long-term relationships and a structured approach. You remain in control where it matters most, while drawing on professional expertise where this adds value. In this way, portfolios can be designed to reflect your vision, your family’s priorities and the legacy you wish to build.
Pierre Gabris
Your contact for Listed investments
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