Lemanik Asset Management

Lemanik Asset Management

Lemanik Asset Management S.A. was established in 1971 as the asset management arm of The Lemanik Group, a Swiss-rooted financial services organization. The firm is headquartered in Mamer, Luxembourg, and operates through a deliberate multi-entity structure: Lemanik Invest SA in Lugano runs portfolio management, while regulated entities in Italy (Lemanik SIM S.p.A.) and a Dublin branch extend its distribution and product range. The group's Luxembourg management company was launched in 2007 by Philippe Meloni and Jean-Philippe Claessens specifically to serve the existing Lemanik SICAV umbrella and to build a third-party fund administration business. The investment platform acts as a collection of independent stock-picking and macro teams rather than a centralized strategy factory. Senior portfolio managers include Marcel Zimmermann, who has run the Lemanik SICAV – Asian Opportunity fund since its 1994 inception, and Maurizio Novelli, who launched one of the first UCITS Global Macro strategies in 2007. The fixed-income desk, run by Alessandro Cameroni and Fabrizio Biondo, focuses on corporate subordinated bonds, European and Nordic high yield, and global emerging market debt. Equity coverage spans Asian and US markets alongside a dedicated Italian equity franchise managed by Andrea Scauri. On the private-markets side, the firm's AIF team oversees risk management for illiquid strategies covering Real Estate, Private Equity, and Private Debt, administered through a dedicated control and reporting tool. Lemanik runs two major Luxembourg-domiciled fund umbrellas — Lemanik SICAV and Archipelagos SICAV — while simultaneously operating a third-party management-company service for external fund sponsors. Recent hiring activity signals operational scaling: the Milan office posted a Senior Fund Risk Officer opening for the AIFs team focused on liquidity monitoring, stress testing, and risk-limit compliance for illiquid strategies. The firm maintains physical offices in Luxembourg, Lugano, Milan, Dublin, and Hong Kong, supporting distribution into both European institutional channels and Asian intermediaries. Unlike most asset managers of its scale, Lemanik avoids a house investment view. The organization structure encourages internal debate on political and economic scenarios but explicitly allows each portfolio manager to pursue return and capital-protection objectives independently. This governance model — a common active-management approach housed under regulated SICAVs with an in-house management company — creates a structural separation between distribution, risk control, and investment discretion that is rare among €30 billion managers. The Vice Chairman of Lemanik Invest SA serves as a director of the Luxembourg SICAV board, linking Swiss portfolio governance directly to the fund domicile's oversight framework.