2Xideas AG is an independent, partner-owned investment firm focused on liquid mid cap stocks. We are dedicated to a long-term, global investment strategy.
We are authorized and regulated by the Swiss Financial Market Supervisory Authority FINMA as an asset manager of collective investment schemes.

Team

2Xideas is led by seven partners with an average of 23 years of industry experience.
  • All
  • board of directors
  • investment committee
  • Juerg Schaeppi
    Chairman, Partner

    Jürg Schäppi is the Chairman and a founding Partner of 2Xideas. He is also a founding partner and principal shareholder of Bellevue Group. He managed Bank am Bellevue, the brokerage and corporate finance division of Bellevue Group, as CEO from 2000 to 2010. Previously, Jürg was employed as an investment banker by S.G. Warburg (now UBS) in Geneva as well as Julius Baer and Citicorp (now Citigroup) in Zurich. Since 1998 he has been active as an investor and independent director on the boards of several hedge funds.

    Jürg holds a Master's degree in Economics (lic. oec.) from the University of St. Gallen and a BA in Economics from the University of Massachusetts at Amherst.

  • Dr. Roger Meister
    CEO, Partner

    Dr. Roger Meister is the CEO and a founding Partner of 2Xideas. From 2008 to 2012 he worked as CFO of a next-generation battery company, managing several legal entities in Europe and the USA. Roger started his career at Bank am Bellevue as a sell-side equity analyst focusing on listed technology stocks. Concurrently, Roger built up an in-house venture capital fund for Bellevue Group and served on the boards of several portfolio companies.

    Roger holds a PhD in Behavioral Finance (summa cum laude) and a Master’s degree in Information and Technology Management from the University of St. Gallen. He is also a CFA® charterholder.

  • Michael Stutz
    Head Asset Mgmt, Partner

    Michael Stutz joined 2Xideas as Head Asset Management and Partner in September 2014. Previously, he worked as portfolio manager and later head of portfolio management at a Swiss based multi-family office from 2008 to 2014, managing public and private investments and serving on the board of a private portfolio company. Michael started his career in private wealth management as a portfolio manager in 2005. He has been involved in the setup and management of various investment fund structures.

    Michael holds a BA in Business Administration from the University of St. Gallen. He is also a CFA® and CAIA® charterholder.

  • Thomas Schwarzenbach
    Head Research, Partner

    Thomas Schwarzenbach is the Head Research and a founding Partner of 2Xideas. Previously, Thomas worked as senior analyst at Tell Investments in Lausanne, where he individuated investments in the financial and healthcare sectors worldwide. From 1999 to 2008 he worked at Bank am Bellevue as sell-side equity analyst focused on the insurance, food and industrials sectors. Thomas started his career in the insurance business with Centre Reinsurance, a subsidiary of Zurich Group, as a pricing actuary.

    Thomas holds a Master's degree in Theoretical Physics (Dipl. Phys. ETH) from the Federal Institute of Technology in Zurich. He was awarded the Pólya Prize, which honors outstanding graduates.

  • Henrik Munk-Nielsen
    Fund Manager, Partner

    Henrik Munk-Nielsen is Fund Manager and a founding Partner of 2Xideas. Previously, he worked as deputy head of European equities at British Airways Pensions from 1999 to 2012, managing direct investments in public equities across Europe and Russia. Henrik started his career at Prudential Insurance Company of America in London in 1994, managing part of a European small and mid cap fund until 1999.

    Henrik holds a BA (Hons) in Business Studies jointly from Midtjysk Handelshøjskole in Denmark and Glasgow Caledonian University in Scotland. He is also a CFA® charterholder.

  • Peter Wick
    Equity Analyst, Partner

    Peter Wick is an Equity Analyst and a founding Partner of 2Xideas. In 2002, Peter founded CDL Principal Investors AG, an investment firm serving owner-investors such as ultra high net worth individuals, families, foundations and investment companies. Previously, Peter worked at BZ Bank, Schweizerischer Bankverein (now UBS) and Darier Hentsch & Cie (now Lombard Odier). From 2005 to 2015 Peter served as a member of the supervisory board of Joh. Friedrich Behrens, a listed German producer of pneumatic fastening tools and fasteners.

    Peter holds a MBA degree from Harvard Business School and a Master of Laws degree (licence en droit) from Geneva University. Peter practiced law in New York City and Geneva until 1986 and is admitted to the New York and Geneva state bars.

  • John Kelly
    Sales Director, Partner

    John Kelly joined 2Xideas as Sales Director and Partner in September 2014. Previously, he worked at Bank am Bellevue from 2004 to 2014, managing the relationships to institutional clients based in Anglo Saxon markets. He became the head of equity sales in 2011. From 1997 to 2004 John worked as an equity analyst covering financial stocks with both Merrill Lynch in London and NCB Stockbrokers in Dublin. John started his career with Deloitte in Ireland where he worked as a chartered accountant for four years.

    John is a Fellow of the Institute of Chartered Accountants (FCA) in Ireland.

  • Raffaella Semedo
    Sales Director

    Raffaella Semedo joined 2Xideas as a Sales Director in September 2017. Previously, she worked as marketing and investor relations director of a  investment company specialized on alternative energy investments. From 2009 to 2013 Raffaella worked in the marketing and sales department at Swiss Finance & Property Group, one of Switzerland’s biggest independent real estate managers. Raffaella started her career in publishing / public relations.

    Raffaella holds an Associate Degree of the Ecôle Hôtelière de Lausanne and is fluent in four languages.

  • Pedro Guerra
    Sales Director

    Pedro Guerra joined 2Xideas as a Sales Director in June 2018. Previously, he worked as CFO and principal shareholder of ResearchPool, a fintech digital platform to discover and purchase investment research. From 2001 to 2017 he worked at Banco BPI primarily in equity sell-side, managing virtual portfolios for institutional investors as well as relationships with institutional clients in France. Concurrently, he served as country manager in Paris for over five years, setting-up and managing a team of sell-side equity analysts and sales people.

    Pedro is a CFA® charterholder and completed the Advanced Management Program at INSEAD in November 2015.

  • Peter von Moos
    Investment Specialist

    Peter von Moos joined 2Xideas as an Investment Specialist in September 2018. Previously, he spent eight years at Credit Suisse's International Trading Solutions desk in Zurich, advising clients on tactical equity positioning with a focus on US equities. He serviced large wealth management accounts, such as UHNWIs, family offices and asset managers. Peter started his career in 2006 as a buy-side equity analyst covering insurance stocks for Credit Suisse Private Bank.

    He holds an MA in Accounting and Finance from the University of St. Gallen and is a CFA® charterholder.

  • Christof Fischer
    Equity Analyst

    Christof Fischer joined 2Xideas as Equity Analyst in April 2017. From 2012 to 2017 he worked as a sell-side equity analyst in both New York and Zurich for Longbow Research, Piper Jaffray and Bank am Bellevue. During his time on the sell-side he covered U.S. and Swiss listed companies in the consumer sector.  

    Christof holds a BA in Business Administration from the University of Tennessee in Knoxville.

  • Aryestis Vlahakis
    Equity Analyst

    Aryestis Vlahakis joined 2Xideas as an Equity Analyst in October 2018. From 2013 to 2018 he was a PhD research assistant at the Center of Economic Research at the Swiss Federal Institute of Technology Zurich, where he studied how renewables could contribute to reducing carbon emissions in the energy sector. Prior to that he worked as an analyst for the commodities trader RWE Supply & Trading AG.
     
    Aryestis is a PhD candidate at the Swiss Federal Institute of Technology Zurich. He holds a BSc in Electrical Engineering from Yale University.  
     

  • Dr. Anselm Ivanovas
    Head Technology

    Dr. Anselm Ivanovas joined 2Xideas as Head Technology in March 2017. Previously, Anselm worked in the investment office of Raiffeisen Schweiz and Kraus Partner Investment Solutions, a Zurich based specialist in quantitative financial market research and global tactical asset allocation. During his studies, Anselm worked part-time for a Swiss based multi-family office.

    Anselm holds a PhD in Economics and Finance from the University of St. Gallen, where he currently also works as an assistant lecturer in mathematics.

  • Kristian Arve
    Data Scientist

    Kristian joined 2Xideas as Data Scientist in April 2018. He has a Bachelors Degree in Economics from the University of Zurich. During his studies Kristian worked as a project manager at a consulting company and has previous experience as an independent quantitative futures trader. His favorite programming language is Python.

  • Claudia Steinebrunner
    Risk & Compliance Officer

    Claudia Steinebrunner is the Risk & Compliance Officer of 2Xideas since February 2017. 2Xideas has outsourced these functions to SwissComply AG. She joined SwissComply in September 2014. Prior to SwissComply, she worked as a senior legal counsel and senior compliance officer at Falcon Private Bank (former AIG Private Bank) from 2000 to 2014. Previously, she worked as a legal counsel for other banks.

    Claudia holds a Master's in Law degree from the University of Bern. She also holds a postgraduate degree in European and International Business Law (M.B.L. HSG) from the University of St. Gallen. She was admitted to the bar of the Canton Zurich in 1994.

  • Marco Frei
    Vice-Chairman

    Marco Frei is the Vice-Chairman of 2Xideas since March 2016. He is also an independent pension fund advisor and trustee. From 2005 to 2011 Marco was head of group pension asset management at Roche Group in Basel. He joined Roche in 1987 in the treasury department, where he worked as an asset and financial risk manager and later became the head of group risk management. Marco started his career at Swiss Bank Corporation (now UBS) as a portfolio manager and advisor to private and institutional clients.

    Marco holds a Swiss banking diploma from the Handelsschule KV in Basel and attended regular management seminars at Roche Group. In 2011 he spent three months at the London School of Economics to study the Great Depression of 1929-37.

  • David Loggia
    Member of the Board

    David Loggia is a board member of 2Xideas since March 2016. He also serves on the board of CLC Asia and manages his private investment company Loto Holdings. From 2003 to 2010 David was a fund manager at Carmignac Gestion in charge of European equities. He became a partner in 2005 and served on the board of directors from 2011 to 2014. David started his career in 1999 as an equity analyst at Bankers Trust Funds Management in Sydney.

    David holds a Bachelor’s degree in Economics (Hons) from the Monash University in Melbourne. He completed the CFA program in 2004.

  • Martin Bisang
    Equity Partner

    Martin Bisang is a founding shareholder of 2Xideas. Previously, he founded Bellevue Group together with five other partners. He was instrumental in setting up and launching the investment company BB Biotech, which was listed on the Swiss stock exchange in 1993. He ran Bellevue Group as CEO until 2012. Martin started his career at BZ Group as pharma analyst.

    Martin holds a MBA degree from Harvard Business School and a Master's degree in Economics from the University of Basel.

Research

Our mission is to identify high-quality companies in the global mid cap universe with the potential to double (a "2X" return) over the next 5 to 7 years.

Our global investment universe consists of 4,000 liquid mid to large cap companies with a market capitalization in the USD 2-100bn range. We employ conventional screening and machine-learning techniques on our proprietary technology platform to select our research targets on which we do fundamental analysis. Our primary research approach includes frequent management meetings to build knowledge on the long-term viability of our research targets' business models.

Each research target must pass the 4M Analysis (Macro, Market, Moat, Management) in order to be eligible for inclusion into our 2Xideas Library. The 4M Analysis is designed to identify high-quality businesses suitable for long-term oriented investors. Only around 150 companies pass the 4M Analysis.

  • Macro

  • Market

  • Moat

  • Management

Macro
We do not invest in companies whose success is mostly dependent on volatile and unpredictable Macro factors like commodity prices, or who can be strongly affected by regulatory or political interference. Ideally, the companies can profit from a structural tailwind.
Market
The Market has to offer a visible runway for growth. On the company level we look for market leaders that consistently strengthen their position and seek economic characteristics of above average returns on invested capital, pricing power, recurring revenues, and the ability to invest counter-cyclically.
Moat
We look for companies with a strong Moat which allows them to protect their market position. Potential Moats include: economies of scale, unique asset base or processes, location, network effects, brands that influence people's behavior, switching costs, licenses, patents, or a unique culture.
Management
We only consider companies with a Management team combining competence and integrity. They need to have a proven track record in capital allocation and transparent shareholder communication, and the remuneration policy has to be aligned with shareholders' interest.
  • 2XIDEAS LIBRARY RESEARCH

    Our top 100 investment ideas
    The 2Xideas Library contains our top 100 global mid to large cap investment ideas which have passed the 4M Analysis and have the potential to double over 5-7 years.
  • 2XIDEAS INVESTMENT CASES

    Our signature deep-dive research pieces
    We conduct deep-dive research on the stocks in the 2Xideas Library. This results in 10-12 detailed Investment Cases per year.

INVESTMENT

Our research process culminates in two investment strategies – the diversified “2Xideas Library” and the concentrated “2Xideas Portfolio”.
  • 2XIDEAS LIBRARY FUND

    Diversified exposure to around 100 stocks. Structured as a Luxembourg UCITS fund.
  • 2XIDEAS PORTFOLIO FUND

    Concentrated Portfolio of 15-20 stocks. Accessible via different investment options.

CONTACT

2Xideas AG is located in Küsnacht, just 10 minutes outside of Zürich. The train station "Küsnacht Goldbach" is right next door and parking is available.

    • 2Xideas AG 
      Seestrasse 39
      8700 Küsnacht
      Switzerland
      E-mail: info@2xideas.com
      Phone: +41 44 763 53 00
      Fax: +41 44 763 53 19
    • 2Xideas Europe Ltd
      40 Fitzwilliam Square West
      Dublin 2
      Ireland
      E-mail: info@2xideas.com
      Phone: +353 1 571 92 39
Click on the map below to find us on Google Maps.