Investor Summary

Dr. Hendrik Leber serves as founder and Managing Director of ACATIS since 1995 and was named Fund Manager of the Year 2017 by Finanzen Verlag. From 1990, he was General Partner at Bankhaus Metzler, responsible for corporate finance and M&A. Prior experience includes consultant and senior project manager at McKinsey & Company 1984-1989, specializing in banks, financial services, and manufacturing sectors. He holds a doctorate from the University of St. Gallen with dissertation on 'Swiss Banks in the US Securities Business' and an MBA from Syracuse University (USA) with Fulbright Scholarship in Finance and Accounting. The management team includes Dr. Claudia Giani-Leber and Thomas Bosch as Managing Partners, Johannes Hesche as Head of Qualitative Portfolio Management and Head of Swiss Branch, and Kevin Endler leading Quantitative Portfolio Management.

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Fund Strategy

ACATIS Investment is a German pioneer in value investing and one of the leading value managers in the German-speaking world, inspired by Benjamin Graham, Warren Buffett, and Charlie Munger. The company has developed what it refers to as 'Buffett 2.0', a modern approach that involves analyzing fundamental figures as well as assessing the future viability of a company's business model. ACATIS has been conducting research in artificial intelligence since 2014 and applied it practically in portfolio management since 2016. The approach is calm and well-considered, underpinned by in-depth statistical and mathematical analysis based on scientific research. Stock selection avoids reliance on gut feeling, favoring long portfolio holding periods. The ACATIS stock picking process focuses primarily on undervalued small and medium-sized companies worldwide. Sustainability is integral to the company's operations and investment philosophy, with several funds classified under EU Disclosure Regulation Articles 8 and 9.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
7.6% - 0.3%
2025
0.3%