J. Stern & Co to Merge Swiss Operations With BVO Capital
J. Stern & Co has agreed to merge its Swiss operations with Geneva-based asset manager bvo capital, subject to approval from the Swiss Financial Market Supervisory Authority (FINMA). The combined entity will manage over $2.8 billion in assets, including more than $2.3 billion in J. Stern's flagship World Stars Global Equity strategy. The merger aims to combine aligned investment cultures and complementary client bases while maintaining a focus on long-term investing based on proprietary research into high-quality global businesses. Cedric Coignard, CEO of bvo capital, will join J. Stern & Co as a partner and member of its investment committee. The firm emphasized that its investment approach and processes would remain unchanged. Jérôme Stern, managing partner and CEO of J. Stern & Co, highlighted the strategic benefits of increased scale and expanded presence in Switzerland to better serve institutional, wealth management, and private clients.