Almagest Finance - About Us

About us

Almagest S.à r.l. is an investment management services company. Our main activities are :

- Financial analysis

- Asset selection

- Stock selection

- Plan implementation and ongoing monitoring of investments

Founded in 2002 in Ecublens, Switzerland located at 50 kms from Geneva airport and 5 kms from the railway station of Lausanne: in the midst of the best transport connections with the rest of Europe and the world.

Its manager, Ronald Angelil is a graduate of HEC, Lausanne with an MBA from the Columbia Business School, New York and has specialized in portfolio management in IFAGE, Geneva.

Mr. Angelil is classified as a professional according to the European MiFID (Market in Financial Instruments Directive):

Dr. Alfred Steinherr is our financial adviser. He has a Ph.D. in finance from Cornell University and 30 years of management experience with the IMF and a leading investment bank.

Almagest network of correspondents in the main European cities, as well as in other parts of the world, ensures it a constant stream of information and good connections in the most interesting financial circles.

Almagest works with UBS SA in Switzerland and Luxembourg assuring its clients the most professional and personal service. The traditional know-how of this first class bank guarantees full confidentiality.

Objectives

Almagest is a client oriented company. The interests of the client have first priority. Each client’s needs and expectations will be discussed as well as his specific time horizon. A partner of the firm will be the adviser of each client for many years avoiding the annoying rapid turnover of advisers in large financial institutions. An optimum asset allocation best suited for each client will be proposed and acted upon after agreement. Moreover, as we have no contract with any provider of financial services, we are always able to offer our clients the best products available across all providers.

Costs

The client is informed from the outset of his banking charges which are negotiated on his behalf by Almagest. We recommend UBS SA Luxembourg for their competitive rates. Each client receives a detailed statement of account based on market values on a regular basis.

The management fees charged by Almagest are a percentage of the total value of the portfolio. In general, it is not related to performance thus avoiding undue risk-taking and conflict of interest. However, on demand, Almagest manages accounts with a participation in gains and losses above agreed performances (the participation in losses is a unique Almagest offer). Almagest does not receive any commission or spread on trading to ensure that any transaction is done only in the interest of clients and at the lowest cost. We are a client oriented company.

Newsletter 4/2012

The U.S. economy is losing steam with GDP growing at a rate of 2.2% in the 1^st quarter of 2012 compared to an increase of 3% in the last quarter. Jobless claims seem to be stuck around the 380,000 mark. The industrial sector is holding well with factory orders up 1.3% in February and the ISM manufacturing PMI rising to 53.4 in March from 52.4 in February. However the non-manufacturing sector is slowing with the ISM index down to 56 from 57.3 in February.

The housing market continues to improve with pending home sales rising 4.1% in March – mortgage rates near historic lows are helping.

Corporate America continues to do well with 83% of S&P 500 index companies, which have reported so far, have outpaced forecasts.

Notwithstanding the slowdown in the U.S. economy and the EU crisis, the IMF’s latest assessment of prospects for the global economy has improved by 0.2% to 3.5%.

The S&P 500 is down about 1% on the month and up 11% YTD.