“Give a man a fish and you feed him a day; teach a man to fish and you feed him for a lifetime“
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“Give a man a fish and you feed him a day; teach a man to fish and you feed him for a lifetime“
Bonafide is an internationally recognized asset manager that focuses exclusively on sustainable fisheries and aquaculture and its related value chain. Bonafide creates connections between fish and seafood businesses and investors who realize the tremendous potential of the industry. By building new connections between investors and fish and seafood businesses, we aim to drive successful business growth in sustainable fisheries and aquaculture.
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”Aquaculture – not the Internet – represents the most promising investment opportunity of the 21st Century.”
”The strongest growth is expected in the consumption offarmed fish. By convenient coincidence, these also seem to be the animal protein source with thesmallest carbon footprint.“
Through our substantial operational expertise, wide network of relationships and extensive financial and strategic management experience, we help build companies/investors of significant value added.
Professional career: Christoph Baldegger is founding member, managing director and member of the board. He is responsible for marketing and sales. From 2004 to 2008 he was a member of the management team of a private equity company and was co-responsible for the setup of real asset investments in the fields of fish farming, farming and timber. From 1998 to 2004 he was able to put his know-how into practice in research, development and advisory services as well as a fundmanager at Swiss private banks. From 1990 to 1998 he worked as an investment banker in Switzerland and London. Christoph Baldegger is a Certified European Financial Analyst (CEFA).
Key competences/experience: Expertise in aquaculture and fishery; attendance of the Specialized Professional Training FBA on aquaculture at the Zurich University of Applied Sciences; holding own fishing grounds by lease; international experience in different fields; establishment of an aquaculture in South America; leadership skills and marketing expertise; establishment of Bonafide; launch of the Bonafide Global Fish Fund, Deep Blue Funds and Best Catches Funds
Professional career: Gilbert Vergères is member of the board. He started his own business operations in 1998 and has been managing director and a member of the board of directors at an asset management company until 2013. His main activities include customer relations and managing the in-house mutual fund; he also has primary responsibility for research. He has worked at several Swiss private banks, in stockbroking, arbitrage trading and fund trading. He was also responsible for customer support for securities, Eurex trading and structured products.
Key competences/experience: Many years of experience in private equity and portfolio management, as well as extensive expertise in the design and management of investment funds.
Professional career: Martin Janser is managing director and chairman of the board. He is responsible for research, structuring and monitoring of internal processes and part of the portfolio management team. He is also chairman of the board of directors at the family business Janser Holding AG. Prior to this, he worked in asset management and investment consulting for several Swiss private banks. Martin Janser is a Bachelor of Business Administration and holds an MA in real estate management.
Key competences/experience: Extensive experience in portfolio and risk management. Design and management of a portfolio of real estate and land, and development of new real estate projects for the Janser group. He is also responsible for the financial assets of the entire Janser group and monitors system processes and risks.
Professional career: Marco Berweger is part of the Marketing & Sales team. After finishing his banking apprenticeship he worked from 2014 to 2020 in various functions for a swiss regional bank, where his responsibilities included client advisory services, investment advice, marketing, compliance, assistance to the management and development of young talent. He hold’s a bachelor’s degree in Banking and Finance from the University of Applied Sciences of the Grisons and is currently in the process of completing the CFA (Chartered Financial Analyst) programme.
Key competences/experience: Long-term expertise in the areas of customer advice and marketing, all-rounder in the financial industry.
Professional career: Philipp Hämmerli is responsible for portfolio management and part of the reseach team. After finishing his banking apprenticeship he worked from 2010 to 2013 as a junior dealer for a swiss regional bank, where he managed execution of stock and forex transactions, refinancing and liquidity among other things. For the next five years he joined business division «institutional clients» within Liechtensteinische Landesbank. As a relationship manager his main activity was to advice fund clients in banking, markets and fund structured themes. He holds a bachelor’s degree in Banking and Finance from the Zurich University of Applied Science.
Key competences/experience: Long-term expertise in fund structuring, especially the tasks of a depositary bank. Wide range of knowlegde in dealing securities, currencies and money market instruments.
Professional career: Christoph Beierl is part of the research team at Bonafide. He holds a master’s degree in Banking and Finance from the University of Sankt Gallen and is currently in the process of completing the CFA (Chartered Financial Analyst) programme. After gaining initial experience in sell-side equity research, he is now in charge of sustainability analysis at Bonafide.
Key competences/experience: In-depth experience in financial modelling and financial analysis. Growing expertise in the field of sustainability analysis.
Professional career: Holger Schröder is member of the board. Since 2002 he executed in leading positions (as CFO and deputy to the CEO) of swiss mid cap companies, of which 13 years are in the food industry. He was responsible for finance, HR and IT. Since 2017 he works as CFO of Janser Group, a swiss family owned business. He holds a Master degree (MAS) in Finance and Accounting and a Bachelor degree in HR.
Key competences/experience: Extensive experience in financials, HR and IT as well as in strategic and operative topics. He led several projects including the integration of sold companies into their holding company.
Sustainable investing is about investing in progress, and recognizing that companies solving the world’s biggest challenges can be best positioned to grow. It is about pioneering better ways of doing business, and creating the momentum to encourage more and more people to opt in to the future we’re working to create. Through the combination of traditional investment approaches with environmental, social and
governance (ESG) insights, investors ranging from global institutions to individuals are taking a sustainable approach to pursuing their investment goals.
At Bonafide, we have made it our mission to contribute to a more sustainable food supply by better utilizing the resources made available by our oceans. The three indicators used to measure the ecological impact on land, water and air, clearly speak to the superiority of farmed fish, particularly in comparison to red meat. To better understand the importance of resource intensity you should know that the Food and Agriculture Organization predicts that global food production will have to increase by 70% by 2050 in order to feed earth’s growing population. Given the state of our already strained ecosystems, it seems likely that prices of animal protein will ultimately have to adapt, making resource intense protein potentially unaffordable for many, less-affluent consumers on the planet, who will then require suitable alternatives.
Overall, Bonafide contributes to at least four Sustainable Development Goals (SDGs) as part of its investment activity in the Fish & Seafood sector. Most notably, through its aquaculture investments Bonafide supports the preservation of marine biodiversity (14) by significantly reducing overfishing of popular food fish and by avoiding problematic bycatch. A healthy, marine fish population, in turn, serves as an important source of food and income for the local population in impoverished countries (2). On the company side, enabling investments in modern facilities that increase productivity (2) and reduce water use (6), is also part of our contribution to the SDGs.
With Life Under Water (Nr. 14), an internationally often neglected development goal is also supported.
In addition to that, ESG ratings will now also be taken into consideration as part of the investment process. To calculate the ESG ratings, companies are evaluated by our partner ISS ESG based on up to 100 environmental, social and corporate governance indicators. With a weighting of 50%, most emphasis is placed on environment factors as part of the rating. Missing data entries do not result in a lower rating in order to not disadvantage smaller companies with fewer resources for data preparation available to them. Initial efforts targeted at increasing the coverage rate for our portfolio were highly successful, resulting in a doubling of the coverage rate, which currently stands at close to 100%. Longterm, the objective will now be to work towards raising the ratings of portfolio companies. However, given that ESG integration is still in its infancy and rating requirements very much in flux, we expect this to be a more gradual process.
Lastly, we also plan on intensifying our sustainability-related engagement efforts. As a first step, we formalized our active ownership guideline in the document Active Ownerhip Principles / Active Ownership Grundsätze. Starting in 2020, we also plan on reporting on our engagement and voting activities more regularly.
To emphasize our efforts and commitment surrounding the implementation of sustainability into our investment process, we currently also work towards having all our funds ESG certified by 2021. To that end, we want to make the Eurosif Transparency Code / Eurosif Transparenz Kodex available to you. It will provide you with additional information regarding sustainability at Bonafide.
For those who are interested, more regular news updates concerning sustainability at Bonafide are now also part of our monthly fund reports.
In early August Bonafide was awarded with the Eurosif transparency logo. While this is indeed a reason for celebration, it also presents us with a responsibility. It is our duty to do our utmost to provide accurate, adequate and timely information to enable takeholders, in particular consumers, to understand the Socially Responsible Investment (SRI) policies and practices relating to our funds.
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