Massimo Malivesto

massimo malvestio

chairman

Avv. Malvestio was born in Treviso, Veneto Italy on the 6th of October 1961. He graduated in law from the University of Padova in 1985. Five years later he founded from scratch, with three other partners a law firm in North East of Italy – “Studio Legale Barel Malvestio & Ass.” (which has since been renamed BM&A). As managing partner of the firm till 2013, he set-up and lead the commercial law practice of the firm with particular focus on banking law, financial markets law, governmental enterprises, as well as financial crime law. When Avv. Malvestio took a step back from his legal profession in 2014, BMA employed over forty Lawyers in four offices located in Northern Italy. Throughout his career, he acted as legal consultant to tens of Italian and European banks as well as listed companies and the largest enterprises in North East of Italy; he has also sat on the boards, audit panels and investment committees of banks, asset managers and brokerage houses in Italy, Luxembourg and Malta. In 1988, Avv. Malvestio passed the examination to become “procuratore alle grida” in respect of the trading floor of the Milan Stock Exchange. In 1995 he also enrolled in the register of ‘rivisori contabili’ which is equivalent to a warranted auditor. Avv. Malvestio is a member of Society of Trust and Estate Practitioners (STEP) and has been invited to speak at their international conference in the past. In 1985, Avv. Malvestio collaborated with the legendary asset manager, Mario Zarattini, with whom he set up an asset management business. They worked uninterruptedly together until 2003 following the untimely death of Mario Zarattini. Avv. Malvestio decided to start his own fund and a s aresult , Hermes Linder Fund SICAV (“Hermes Linder Fund”) was launched. In 2009, Avv. Malvestio set up Praude Asset Management Limited (“Praude”), an asset management company licensed by the Malta Financial Services Authority (MFSA), to provide investment services to professional clients including investment funds. In 2014, Avv. Malvestio started winding up his legal career in Italy and relocated to Malta to focus on portfolio management as well as his own personal investments. He was approved by the MFSA to act as portfolio manager and chairman of the investment committee of Praude, positions he still holds today. His area of expertise is value investing, mainly in major equity European markets. With Avv. Malvestio at its helm, Hermes Linder Fund, has recorded performances which few other portfolio managers in Europe can boast of; as at end August 2017, after 13 years in operation, the Fund’s accrued performance for investors(net of fees) was 13.386%. Hermes Linder Fund was also granted a five-star rating by Morningstar and was also awarded the Thomson Reuter Lipper Fund Award for Best Fund over 3 Years in the category “Equity Europe 2017”. Avv. Malvestio’s track record shows, unequivocally, that he has been able to create value for the investors throughout the years. His legal expertise, specifically in the Italian market, has often been the tool behind some of the investment strategies of the Fund and some of the most successful deals. Avv. Malvestio now manages three investment funds, constituted, and regulated in different European jurisdictions: a UCITS Fund in Luxembourg, an AIF in Ireland and an AIF in Malta. Avv. Malvestio was a regular columnist for il Corriere del Veneto (https://corrieredelveneto.corriere.it), the Veneto edition of il Corriere della Sera between 2003 and 2013. He has written numerous articles on banking and finance matters, for various newspapers and news portals in Italy. Avv. Massimo Malvestio is the author of “Credito Cooperative – Storia di Uomini Bisdogni e Succssi in Veneto” published by Marsilio in 2006 as well as “Mala Gestio: Perché i Veneti Stanno Tornando Poveri” published by Marsilio in 2012.

Marcel Zimmermann

marcel zimmermann

member

Marcel Zimmermann has been actively investing in Asia since 1980. He left Banca del Gottardo, Lugano in 1993 as Vice Director and Head of the Asian market-making activity to set up his own asset management company. He furthermore diversified into market research and analysis to support institutional clients [SICAV] in the asset allocation and stock selection of their Asian portfolio. Several of these funds won Lipper and Morningstar awards. He also sits on the board of Directors of Lemanik Sicav Luxembourg. Marcel now sits on the Board of Directors of Praude Asset Management Ltd. He is also a member on the Investment Committee.

Elia Kuhnreich

Elia Kuhnreich

member

Elia Kuhnreich obtained a MSC in banking and finance at Bocconi University in Milan in 2014. Prior to joining Praude Asset Management Limited, Elia worked at UBS as equity research analyst covering the Italian and Eastern European banking sector. In 2015 he joined Arca SGR, one of the leading players in the Italian asset management industry, as portfolio manager, managing the funds specialized in the Italian equity market. At Arca, he developed a special focus on the small cap companies managing around €1bn worth of assets in this asset class. In 2018 he relocated from Italy to Malta and joined Praude Asset Management Limited as a portfolio manager. He has subsequently resigned as portfolio manager, however he still provides the company with his assistance through his seat on the IC.  

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