Picard Angst

The firm operates with named senior portfolio managers rather than generalist committees. David-Michael Lincke oversees asset and portfolio management centrally. Individual strategies — Food Revolution, commodities, MedTech venture — each have a dedicated lead: Jann Breitenmoser for food, Pablo Gonzalez for metals and precious metals, and Peter Pilavachi as General Partner for the PA MedTech VC Fund. The Swiss institutional business, including ESG mandates, runs under Daniel Gerber as Head of Market Switzerland.

The PA MedTech VC Fund is an early-stage health-technology vehicle managed internally by General Partner Peter Pilavachi, who joined after a career in structured equity and derivatives at UBS, J.P. Morgan, and Goldman Sachs. The fund represents a structural departure from the firm's liquid, thematic roots — it writes direct equity checks into health-tech startups, including portfolio exposure to Shifamed group companies. The fund shares the Picard Angst platform but operates with its own GP leadership.

Both. The Pfaffikon headquarters runs thematic mandates and structured solutions for Swiss pension funds and institutional investors through its Institutional Solution Center. Separately, Picard Angst MEA in Dubai — licensed in the DIFC — provides wealth-management services to professional clients with an emphasis on commodities, structured products, and digital assets. The two streams operate under the same owner-managed umbrella.

Picard Angst offers a 360-degree commodity capability covering metals, energy, and agriculture. The firm provides research, advisory, direct commodity investments, commodity-equity strategies, and bespoke structured solutions. Two named vehicles — the Industrial Metals Champions Fund and the Precious Metals Champions Fund — are managed by Pablo Gonzalez, who joined in mid-2025 after a decade at Independent Capital Group.

Digital assets sit alongside structured products as a full-service competence. The firm extends its structuring, lifecycle management, and advisory framework — originally built for traditional structured products — to crypto-based instruments for professional investors. Specific product names, custody arrangements, and volumes are not publicly disclosed.

The firm describes itself as independent (unabhängig) and owner-managed (inhabergeführt), indicating the original founders or senior partners retain control. No external parent company, listed entity, or outside strategic shareholder is identified in public materials. Specific ownership percentages and succession plans are not disclosed.

Picard Angst maintains a dedicated ESG Competence Centre led by Chief Sustainability Officer Daniel Gerber, who has held the role since 2022. The team includes senior advisor Agnes Rivas, who joined in 2024 and holds the CFA Certificate in ESG Investing. The firm integrates sustainability into its thematic strategies — including a Food Revolution portfolio — and runs webinars for institutional clients on topics such as battery storage infrastructure and the energy transition.