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
Billion CHF 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
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.
Market Review – Q4 2024
2024 was a year of remarkable returns across most asset classes, treating investors to a performance well above long-term norms. Gains were widespread, and while a few pockets of losses existed—such as in long-term Treasuries, the Materials sector, and select emerging markets like Brazil and South Korea—these were the exceptions rather than the rule.
Market review – Q3 2024
The unusual leadership ranking of asset classes, whether due to the election year or a pivotal moment in Federal Reserve monetary policy, remains perplexing. The Fed’s decision to cut rates by 50 basis points, despite solid economic data, disrupted normal correlations between benchmarks. Gold emerged as the top performer, while Commodities (S&P GSCI) suffered the most. In equities, the DJIA, despite being price-weighted, generally mirrors the S&P 500’s performance. However, the S&P 500 has outpaced the DJIA by 8.5% year-to-date, largely due to non-DJIA members like Nvidia.
