Theory of change
At Asteria IM, we want to support the status of our society. We are convinced that to tackle the most prominent challenges, every component of our economic system must become a positive contribution and at a large scale.
Identifying products and services providing demonstrable and measurable contributions to the global sustainability agenda can be evaluated through the lens of the United Nations Sustainable Development Goals (SDG). With estimation of over USD 2.5 Trillion of private capital needed to tackle the SDG, listed assets intentionally redirected to the right solutions can obviously help deliver progress. Undeniably, secondary markets are necessary to support innovation and value creation from primary markets.
We are convinced that directing that capital effectively can bring the greatest improvement and enables to lower the cost of capital over the long run. Not only does it provide scale, but it also gives access to impactful investment solutions to more investors.
Impact investing goes beyond ESG investing as the investment must have theintentionalityto generating positive impact, and thus influencing all steps of the investment process. This is the reason why transparency is crucial to overcome the challenge of “impact washing” the sustainable investing industry is facing.
We are committed to share our decision-making process at each step:
- Strategy definition: our strategies select companies or projects that offer game changing products or technologies as part of the solution to some of the largest issues society is facing
- Investment selection: we identify companies and projects generating benefits to the real economy through their products and services and provide exciting investment opportunities. Additionally, we avoid investing in companies that produce goods and services harming the environment or the society.
- Performance measurement: we measure how much impact the products and services from invested companies delivered in the real world
- Engagement: we joined collective actions to put pressure on companies whose climate strategy is not ambitious enough.
At Asteria IM, we use the lever of investment to act positively and on scale.
Board of directors
Katrin von Bernuth
Katrin is Head of Legal and General Counsel Switzerland for Man Investments AG. She is also a member of the Board for Man Investments AG, on which she serves as President.
Katrin has held numerous roles within Man Group for the past 20 years, including in Product Structuring, Compliance and in the Legal Department. Prior to Man Group, her experience includes corporate and M&A work at Clifford Chance in Hong Kong. She is qualified as a lawyer in Germany and in England and Wales and trained in Germany and Hong Kong.
Katrin is on the Legal and Compliance Asset Management Committee of AMAS (Asset Management Association of Switzerland).
Michael Buerer is Head of the Swiss Office of Man Group, based in Pfäffikon, Switzerland.
Before being appointed to run the Swiss Office in September 2016, Michael was responsible for the active management of all illiquid hedge fund investments for Man FRM and its advisory clients. Prior to that, he oversaw the Operational Due Diligence team, which evaluates and monitors backoffice related aspects of existing and prospective hedge fund managers. This included areas such as governance, valuation, operational infrastructure and service providers.
Prior to re-joining Man Group in August 2011, Michael was a member of senior management at AXA Investment Managers (Schweiz) AG, where he acted as an internal process consultant to AXA IM’s fund of hedge funds expertise. From January 2007 to June 2010, he was Deputy-Head of Operational Due Diligence at RMF Investment Management which was wholly owned by Man. Prior to this, he was Head of Operations and Finance at 47 Degrees North Capital Management, where he played a key role in the establishment of their fund of hedge funds business. His career began as an auditor for banks and securities dealers at KPMG in Switzerland where he spent four years.
Michael received his Master’s degree in Finance from the University of Zurich. He is a qualified Swiss CPA and a CAIA (Chartered Alternative Investment Analyst) charterholder.
Anna Bagella was born in Rome and graduated in “Economia e Commercio” cum laude at Tor Vergata University in Rome. She won the scholarship from the Luigi Einaudi Foundation and obtained in 1998 a Master’s degree in Economics at Warwick University (UK).
In 1994, she started her career at IMI Bank (Luxembourg), first in Risk Management and after in Wealth Management.
In 1998 she moved to Asset Management and continued her experience until 2003, first in Fideuram Gestions (Luxembourg) and then in Fideuram Asset Management (Ireland) where she ended as head of the Bonds and FX desk.
After 2003 she returned to Italy. Since then she has been working in Fideuram S.p.A.. Her main responsibility is dealing with analysis and implementation of investment solutions. She is the head of Fideuram’s Offer Development Department. The unit provides a variety of financial products/solutions to all the distribution channels and for all the customers segments of Intesa Sanpaolo Group Private Banking Division.
Currently she is Senior Director at Fideuram Intesa Sanpaolo Private Banking and member of the ‘Financial Product Innovation’ technical commission of the Italian Private Banking Association (AIPB).
Born it Taranto, Italy, Bruno Alfieri has gained a long significant experience in the Intesa Sanpaolo Group (former Sanpaolo-IMI), that he joined in March 1991 in IMI Bank (Lux) S.A.
His last role was as CEO of Eurizon Capital S.A. in Luxembourg, from July 2015 until June 2018. Previously he held the positions of General Manager of Fideuram Bank (Luxembourg) (01 – 06/2015), General Manager of Fideuram Gestions (10/2007 – 12/2014) in Luxembourg and General Manager and Director of Fideuram Asset Management Ireland (10/2002 – 09/2007).
Director of different financial institutions since April 2020, currently Bruno, aside of being Independent Director of Asteria Investment Managers, is the Chairman of Intesa Sanpaolo Wealth Management, in Luxembourg, as well as Independent Director of Intefund Sicav and Ailis Sicav, two Luxembourg based UCITS SICAVs promoted by Fideuram Intesa Sanpaolo Private Banking. Bruno holds a magna cum laude Master in Economics and Banking from Università degli Studi di Siena. He speaks English, French and some Spanish, in addition to Italian, his mother tongue
Susanne Kundert Ruoss, CFA has more than 20 years experience in the finance industry, thereof 15 years in developing & managing Sustainable Investment Solutions. After receiving her Master’s degree in Business Administration from the University of St.Gallen (HSG) with a specialization in Environmental Economics, she worked at PriceWaterhouseCoopers advising companies on Mergers and Acquisitions and then as a High Yield Analyst at Man Investments. After that, she led the Credit & Sustainability initiative at LGT Capital Partners and was Head of the Credit Team at Zürcher Kantonalbank Asset Management. She is currently a Partner at ESG-AM, an Independent Board Member and lecturer on sustainability and investment topics.