Antifragile investing
Managing assets in order to preserve wealth across generations and prosper through economic cycles
Noble Capital Management
We are an investment management company specialized in transforming volatility and uncertainty into opportunity. Through the years, we have developed a strong expertise on derivatives and precious metals, the roots of our antifragile approach.
2015
Launching of NCM SA a Swiss Company, established in Geneva
1.5
Billion USD assets under management
2021
Obtaining the FINMA license for collective asset manager
Activities
Portfolio Management
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Advisory services & managed accounts for UHNWI and Family Offices
Advisory | Discretionary | Execution
Fund Management
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NCM Enhanced Physical Gold Macro Fund
A Swiss hedge fund providing an anti-fragile strategy in an increasingly unstable environment

NCM Global Equity Selection Fund
A flexible alpha generating approach through stock picking capabilities combined with sectorial and style rotations

NCM Fixed Income Opportunities Fund
An active strategy focusing on corporate bond special situation opportunities
“Antifragility:
the ability to improve from shocks and disorder”
Nassim Nicholas Taleb
News & Insights
NCM Global Macro Event 2025
On 2 September, Noble Capital Management hosted the 4th edition of the NCM Global Macro Event at its offices in Collonge-Bellerive — an evening that has become a highlight of Geneva’s autumn calendar. More than 100 Swiss investment professionals joined in for a lively debate on the trajectory of US policy, the shifting global monetary order, and the opportunities and risks facing investors today.
A Major Geopolitical and Economic Transition is Underway
The world is entering a new phase of strategic rebalancing, marked by a gradual yet profound shift in the international order established since 1945. Unrivaled for much of the postwar era, the United States’ dominant position in the economic, financial, technological, and military spheres is now steadily weakening, as new powers are gaining influence. This shift is not driven by a single event, but rather by a set of underlying structural dynamics.
Actively Managed, Gold Makes a Portfolio Shine
Believing that the new president’s actions will be limited to trade and will not affect global finance, particularly the monetary system, would be naïve. Many see Trump as a fusion of Nixon and Reagan, the two major Republican figures of the past fifty years: Nixon, the anti-elitist, and Reagan, the pro-business leader. Both presidents profoundly transformed the monetary system.
