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 a manager of collective assets.


An integrated team of 30 people combining fundamental research expertise and advanced data science to identify the best long-term mid cap investments.
  • All
  • board of directors
  • partners
  • 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
    CIO, Partner

    Michael Stutz joined 2Xideas as CIO 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.

  • Dr. Anselm Ivanovas
    CRO, Partner

    Dr. Anselm Ivanovas joined 2Xideas as CRO in March 2017, overseeing the investment risk management. He became a Partner of the firm in March 2019. 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, a MA in Banking and Finance and a BA in Business Administration from the University of St. Gallen.

  • Stephan Welti

    Stephan Welti joined 2Xideas as COO in September 2020. Previously, he was part of the management team of Sygnum Bank, where he led the regulatory process to obtain the first-ever banking licence for a digital asset bank. From 2015 to 2018, he ran the Regulatory, Compliance & Legal FSI division of Deloitte Switzerland, incl. FINMA mandates. Also, he founded and led a management consulting firm. From 2009 to 2015, he was a Member of the Executive Committee as Chief Risk Officer & General Counsel of a leading Swiss Private Bank. Stephan started his career at an international business law firm.
    Stephan holds a Master's degree in Law from the University of St. Gallen and a LL.M. in International Business Law (CAS) from the University of Zurich. He served as member of various expert groups and lectured private and business law at the University of St. Gallen.

  • Philipp Wesner

    Philipp Wesner joined 2Xideas as CTO in August 2020. He founded a Software Company in 2000 and from 2012 to 2016 he worked as Managing Director at “form Design Magazine”. From 2016 to 2020 he worked at Young Solutions AG (Swiss cloud provider) first as Head Software Development, from 2018 as CTO.

    Philipp holds a Diplom in Business Mathematics (Dipl. Math Oec.) from KU Eichstätt-Ingolstadt.

  • Henrik Munk-Nielsen
    Deputy CIO, Partner

    Henrik Munk-Nielsen is Deputy CIO and 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.

  • Thomas Schwarzenbach
    Head of Research, Partner

    Thomas Schwarzenbach is the Head of 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.

  • 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 from Harvard Business School and a Master's degree in Law (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 is a Certified ESG Analyst (CESGA®) and holds an Associate Degree of the Ecôle Hôtelière de Lausanne.

  • 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.

  • Pedro Guerra
    Sales Director

    Pedro Guerra joined 2Xideas Europe Ltd as a Sales Director in June 2018. Previously, he was the CFO and a principal shareholder of ResearchPool, a digital platform to discover and purchase investment research. From 2001 to 2017 he worked at Banco BPI, managing virtual portfolios for institutional investors as well as relationships with institutional clients in France. He served as the country manager for over five years, hiring and managing a team of sell-side equity analysts and sales people.
    Pedro holds a Master's degree in Economics from Porto University and completed the Advanced Management Program at INSEAD. He is also a CFA® charterholder.

  • Kenneth Pryce
    Sales Director

    Kenneth Pryce joined 2Xideas US, Inc. in New York as Managing Director in January 2020. He has over 20 years experience in fund sales, equity sales and equity analysis. Prior to joining 2Xideas he worked at Champlain Advisors raising institutional capital for US alternatives funds. Previously he worked in equity sales managing relationships to institutional clients in US and UK markets at investment banks Helvea, Bank am Bellevue and Deutsche Bank. Kenneth started his career in London in 1998 as an equity analyst covering pan-European companies at Jefferies/Europe Co., Commerzbank and Berenberg before joining Deutsche Bank in 2006 in equity sales.

    Kenneth holds BA degrees in Business Administration from Middlesex University in London and Reutlingen University (ESB) in Germany.

  • Anastasios Tafakis
    Investment Manager

    Anastasios Tafakis joined 2Xideas as Investment Manager in August 2019. From 2014 to 2019 he managed a long/short equity strategy for a Swiss based family office. Anastasios started his financial career in the wealth management division of Merrill Lynch in London and worked as an investment advisor at Valartis Bank before becoming a portfolio manager at a Swiss based multi-family office.

    Anastasios holds a MSc in Economics from the University of Bath and a BA (Hons) in Business Economics & Finance from the London Metropolitan University. He is also a CFA® charterholder.

  • Christof Fischer
    Equity Analyst

    Christof Fischer joined 2Xideas as an 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.

  • Dr. Aryestis Vlahakis
    Equity Analyst

    Dr. 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 ETH 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 holds a PhD in Economics and a MSc in Energy Science from the ETH Zurich. He also holds a BSc in Electrical Engineering from Yale University.  

  • Manuel Graça
    Equity Analyst

    Manuel Graça joined 2Xideas as an Equity Analyst in April 2019. Prior to that, he developed his equity investing experience in the private markets as a Principal with Atena Equity Partners in Portugal. Manuel’s career has spanned a number of strategy and finance roles, having also worked with Roland Berger Strategy Consultants, Groupon Brazil, and Deloitte Corporate Finance.

    Manuel holds an MBA with honors from Columbia Business School and a BSc in Business Administration from Universidade Católica Portuguesa.

  • Rajvir Visen-Singh
    Equity Analyst

    Rajvir Visen-Singh joined 2Xideas as an Equity Analyst in August 2019. During his studies, Rajvir worked as a charity director and event operator, for which he had founded his own company. He has also gained work experience in commodities, consulting, finance, and web analytics and completed an internship in equity research at 2Xideas in summer 2018.

    Rajvir holds an MA (Hons) in Management from the University of St. Andrews in Scotland.

  • Clément Chamboulive
    Equity Analyst

    Clément Chamboulive joined 2Xideas as an Equity Analyst in March 2020. From 2011 to 2015 he worked as an investment analyst and manager at Baillie Gifford & Co. in Edinburgh, and from 2018 to 2020 at his own consultancy based in Zürich. 

    Clément holds a BSc (Hons) from the University of Edinburgh and MSc from ETH Zürich, both in Physics.

  • Andrew DeBoo
    Research Product Manager

    Andrew DeBoo joined 2Xideas in October 2019. He has worked as a sustainability analyst in private banking with Bank Sarasin, as an editor / supervisory analyst at UBS Wealth Management, and as an investment writer with Vontobel Asset Management.

    Andrew was a graduate fellow in Philosophy at Emory University in the United States, and completed a degree in Chemical Engineering at the Fachhochschule Aachen in Germany.

  • 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.

  • Christoph Lins
    Senior Software Engineer

    Christoph Lins joined 2Xideas as Senior Software Engineer in August 2020. For more than 10 years, he has designed and developed trading systems for investment managers with a quantitative focus. He has worked for multi-billion dollar hedge funds/CTAs in London and Liechtenstein.

    Christoph holds a Master's degree in Computer Science from ETH Zurich and has been awarded the Willi Studer Prize for his degree in 2009.

  • Dr. Marvin Müller
    Data Scientist

    Dr. Marvin Müller joined 2Xideas as a Quantitative Researcher in June 2020. Previously, he worked for a startup in Zurich on machine learning methods in Quantitative Finance. From 2016 to 2019, he has been a Postdoctoral Researcher in the Stochastic Finance Group at ETH Zurich, where he was working on mathematical modeling of financial markets. He has been speaker on various international conferences for academia and industry and is author for scientific journals in applied mathematics.

    Marvin holds a PhD in Mathematics (summa cum laude) from TU Dresden and a MSc in Business Mathematics from TU Berlin. 

  • Will Hardy
    Software Engineer

    Will Hardy joined 2Xideas as a Software Engineer in August 2020. Over the last 15 years he has built, scaled and secured numerous large software systems as an independent consultant in Europe and Australia.

    He holds Bachelor’s degrees in Software Engineering (Hons.) and Laws from the University of Melbourne.

  • Meriam Kharbat
    Software Engineer

    Meriam Kharbat joined 2Xideas as Software Engineer in October 2020. Over the past seven years, she has worked as a senior software engineer for companies ranging from global healthcare providers to database technologies and has contributed to many open-source projects.

    Meriam holds a Master’s Degree in Computer Science from l’Ecole Mohammadia des Ingenieurs of Rabat, Morocco.

  • David Birkhölzer
    Frontend Developer

    David Birkhölzer joined 2Xideas as Frontend Developer in October 2020. From 2015 to 2018 he worked as Web Developer at DKDO, a design office in Glasgow. In 2017 he founded a yoga studio in Glasgow. Prior joining 2Xideas he developed travel post booking features at CHECK24.

    David studied Media Technology at HTWK Leipzig, and Web and Mobile Development at the University of the West of Scotland where he graduated in 2016.

  • Ayup Said
    Financial Controller

    Ayup Said joined 2Xideas as Financial Controller in November 2020. From 2014 to 2020 he worked at PricewaterhouseCoopers AG and held there various positions. He started his career as an auditor in the financial services sector. From 2017 onwards he was jointly responsible for the monthly and yearly closing of PwC Switzerland’s groupwide accounting. He furthermore led and implemented the internal project controlling and was responsible for internal control system.

    Ayup holds a Bachelor’s degree in Business Administration with a specialization in Banking and Finance from Zurich University of Applied Sciences in Winterthur.

  • Elina Stutz
    Fund Operations Manager

    Elina Stutz joined 2Xideas as a Fund Operations Manager in November 2019. Before joining 2Xideas, she worked in the client reporting team at Vontobel Asset Management and in operations at Sp-Fund Management Company. 

    Elina holds a Master’s degree in Business Administration specialized in Future Studies and Customer-Oriented Services from Laurea University of Applied Sciences in Finland..

  • Filip Vukovic
    Graphic Designer

    Filip Vukovic joined 2Xideas as Graphic Designer/Premedia Specialist in August 2019. Previously, he worked as pre-press technology and marketing specialist and cross-media project manager at UBS from 2014 to 2019. Before UBS, he worked at Limmatdruck as premedia specialist with the main focus on automated catalog production and innovations.

    Filip has over 14 years of experience in the graphic and print services industry. After his apprenticeship as a premedia specialist (Polygraf EFZ), Filip graduated as Pre-Press Technology Specialist with a Federal Diploma of Higher Education.

  • Isabelle Ledergerber
    Risk & Compliance

    Isabelle Ledergeber is the Risk & Compliance Officer of 2Xideas. 2Xideas has outsourced these functions to SwissComply AG. She joined SwissComply in October 2020. Prior to SwissComply, she worked as compliance officer for a similar service provider, as well as for UBS, JPMorgan Chase, and HSBC Private Bank.

    Isabelle holds a Master's degree in Law from the University of Fribourg and Zurich and a L.L.M in Public International Law from Freie Universität Berlin. 

  • Marco Frei

    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.


Our mission is to identify high-quality mid cap companies with 2X return potential over 5 to 7 years, equivalent to a 10-15% return per annum.

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 perform 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 200 companies have currently passed the 4M Analysis.

  • Macro

  • Market

  • Moat

  • Management

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.
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.
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.
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.

    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.

    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.


Our research is the basis for the diversified “2Xideas Library” and the concentrated “2Xideas Select” investment strategies.

    Diversified exposure to around 100 stocks. Structured as a Luxembourg UCITS fund.

    Concentrated selection of 15-20 stocks. Structured as a Luxembourg SIF fund for qualified investors.


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
      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
      E-mail: info@2xideas.com
      Phone: +353 1 571 92 39
Click on the map below to find us on Google Maps.