About

We are an independent equity research firm covering listed small caps in Switzerland, Italy, Austria and Germany — companies with little or no sell-side coverage, where careful primary work still produces an informational edge. The gap is structural: research budgets follow trading liquidity, so the smaller the company, the less anyone looks. That neglect, and the mispricing it leaves behind, is the reason this firm exists.

Our readers are professional investors, family offices and serious private investors who want the depth of an institutional initiation note without the conflicts of a banking relationship. We do not run a fund marketing operation, we do not sell corporate access, and we say plainly, on every report, whether we hold a position and whether the issuer paid for the work.