MENU

Logo Auriga

We currently advise for the management of three funds:

I.

Blue Lake – Cogito

Multi-strategy fund aimed at capital preservation and compounding mid-single digit absolute return over the long term

II.

Blue Lake – Auriga

Concentrated equity long-only fund

III.

Blue Lake – Alternative Credit

Fixed income fund focused on alternative credit niches

Our Value Investment Principles:

Skin in the Game: if you are not willing to do it with your personal money, why should you do it with your clients’ money?

Circle of Competence: invest in what you understand.

Patience and Discipline: be patient and disciplined, always remember that doing nothing at the right time is highly underrated.

Contrarianism: do something different, be contrarian and prepared to be alone. Investing is a very social exercise but you don’t become a value investor for the group hugs.

Bold and Confident: be bold and believe in yourself and your analysis but challenge it every day.

Better Roughly Right than Precisely Wrong: you should be able to justify your investment doing simple math on the back of a napkin.

Disciplined Position Sizing: the correct sizing of your bets is what really determines your success. Take your time to decide (and periodically revise) the stakes for which you play on every single investment you make.

Micro vs Macro: do NOT invest on the basis of macro forecasts BUT you must have an economic framework in mind when you predict the future of individual companies.

Optionality of Cash: never surrender to those voices that periodically will be talking about “cash drag” and “unexploited opportunities”.

Mistakes are the Best Teachers: good times often teach you bad lessons that’s why it’s crucial to keep track and memory of your investment mistakes: experience is what you got when you didn’t get what you wanted.

Transparency: communicate with your stake holders. Listen to them, talk to them, write to them.

General information

Please carefully read these terms of use.

By accessing this website www.aurigapartners.ch (hereinafter “Site”), you explicitly declare that you have read, understood and accepted the following important legal information concerning both the Site and any material and/or information contained therein. In case of non-acceptance of the following legal information, please do not access the Site and its pages.

Auriga Partners SA

Auriga Partner SA (hereinafter “Auriga”) is a Swiss company, which provides wealth management services and investment advice. Auriga is a member of the Swiss Association of Asset Managers (SAAM) and performs its financial activities solely in Switzerland, where it holds all the requested authorizations.

No offer and no recommendation

The content of the Site (information, opinion, as well as data or any document) is for informational purposes only and shall in no way constitute an invitation, offer, recommendation, advice or inducement to buy or to sell, to apply for or to subscribe to securities, financial instruments, financial or investment products or services, nor persuasion to effect transactions. Furthermore, the content of the Site does not constitute advice on legal, fiscal, business or other matters in any way and is unsuitable as basis for decision-making. Before you make any decision relating to investments, we recommend that you consult with your advisor.

Limited access and geographical restrictions

This Site has a purely informative purpose and is addressed exclusively to natural and legal persons, as well as to partnerships and collective entities, with domicile or registered office in Switzerland. In this context, the use of the English language is only intended as an aid for our (non-Italian speaking) foreign current and prospective clients domiciled or residing in Switzerland. The Italian language is used because Auriga is active in Switzerland – especially in the Canton of Ticino – where the Italian language is one of the official languages. The use of the Italian language cannot in any way be interpreted as an element of connection with the Republic of Italy or as an indication that Auriga’s activity is aimed at the Italian market.

More generally, please note that this Site, as a whole or in each of its contents, is not addressed to legal or natural persons who, by virtue of their nationality, type of person, domicile or residence, registered office or for any other reason are subject to a legal system that prohibits or limits access thereto, consultation, availability or publication thereof, the presentation of financial services or the marketing of certain financial products.

Restrictions on offer of collective investment schemes

The Site may contain information on collectives investment schemes that may be accessed only by persons resident in countries that permit the offer/distribution of such collective investment schemes: persons who do not satisfy these requirements are not permitted to access to the Site. In particular, the Site is intended exclusively for qualified investors pursuant to Art. 10 Para. 3 and 3ter of the Swiss Federal Collective Investment Schemes Act (CISA) with country of residence in Switzerland. The information on collective investment schemes contained in this Site may only be accessible to such qualified investors. Accordingly, by accessing the Site and any pages thereof, you declare to be informed about the relating restrictions and to fully comply with the cited articles of CISA.

Information regarding investment risks

Investing in financial products involves risks, including in particular those associated to market fluctuations as well as the inherent risk of every product type. Investments may also be affected by changes to the rules and regulations governing exchange controls or taxation, including withholding tax, or by changes to economic and monetary policies. No guarantee can be given that the indicated objectives will be achieved and that investors will recover the amount of their initial investment. Past performance is not an indicator for future results or performance. Financial products are exposed to various risks, depending on its complexity, structure and investment policies. The possible investment in securities must be independently assessed on the basis of the Prospectus of the financial instrument and the suitability of the financial instrument with the specific characteristics of each investor.

Exclusion of liability

In no circumstance whatsoever and without limitation – including negligence – may Auriga, its directors or any employee be held liable for loss or damage of whatsoever type, whether direct or consequential, deriving from the access and/or the use of the Site or following the inability to access it or take advantage of the material set forth in it.

No reliance

Every care has been taken in preparing the content of the Site. However, no guarantee can be given regarding the correctness, accuracy, completeness, reliability or update of the proposed contents. These contents may be changed at any time, without notice and there is no obligation to remove information that is no longer up to date from the Site or to explicitly identify it as such.

Link to other websites

No verification is carried out on the websites of third-party providers linked to the Site and therefore Auriga declines any responsibility for such contents and for any services offered therein.
In addition, Auriga can offer no guarantee that the use of such websites or their content will not result in copyright or trademark disputes or other infringements of the rights of third parties. Furthermore, Auriga cannot guarantee that such websites and their content are free of viruses or other malware.

Sensitive data

The Site does not collect and does not intend to collect any personal and sensitive data (such as data concerning political opinions, religious beliefs, health or sexual preferences). To the extent that such data should be collected, your consent will be requested in advance. Please note that if you provide sensitive unsolicited personal data, you consent to it being used.

Copyright

Unless otherwise provided, all the content of this Site is covered by Copyright. All the rights pertain to Auriga. The material set forth herein is freely accessible for the sole purpose of consultation. Every reproduction of the material, even if only partially, in any form, written and/or electronic, is solely allowed upon prior explicit consent granted by Auriga.

All elements conceived for this Site are covered by a tacit license and/or a right of use for an image, a trademark, a brand, an identification mark for the provision of service or a logo. Downloading and/or copying any material from this Site does not confer any rights over the aforesaid material. Auriga reserves all rights deriving from the copyright and the ownership of the related marks and/or all the material published on this Site.

Applicable law and place of jurisdiction

Any dispute concerning the use of the Site shall be subject to Swiss law, which shall exclusively govern the interpretation, application, and effect of all the conditions set out above. The courts of Lugano shall have exclusive jurisdiction over all claims or disputes arising out of or in connection with the Site and its use.

Access Denied

Access denied

Please, to have full access to Auriga Partners website, we invite you to read carefully our terms of use and reconsider your decision.

Reload

Click on the icon for reloading the page.

Accept

Decline