Verona Economia

Meeting with BANOR SIM at the Accademia Filarmonica.

Investing in the financial markets as entrepreneurs. BANOR SIM – the biggest independent securities firm in Italy, with over 4 billion euros in assets under management and advice (at 31 October 2014) – introduces Value Investing, the approach to the financial markets and the process of analysing and selecting securities that has inspired the gurus of international finance. The event will take place at 18.00 on Wednesday 26 November 2014, at the Accademia Filarmonica (Sala Maffeiana, Museo Lapidario entrance), no. 28 Piazza Bra, Verona. The meeting, intended for Veronese entrepreneurs and professionals, will be an opportunity to discover – with Massimiliano Cagliero, CEO, and Luca Riboldi, Chief Investment Officer, of BANOR SIM – how to create value over time by investing in the financial markets. BANOR’s two experts will illustrate investment opportunities in today’s markets taking a “value” approach, as well as strategies and concrete examples of how investors can best manage their assets. Value Investing is an investment strategy devised by the famous US investor, Benjamin Graham, who first set out the theory in 1934 in his book “Security Analysis”. The method consists of selecting and investing in the stocks of companies whose value is as yet unexpressed and under-priced. A well-established model that involves a careful and close analysis of the value of the assets, margins and expected growth of the companies considered, leading in turn to long-term positions. Another investor who owes his success to value investing is the American Warren Buffet, who famously said that “price is what you pay; value is what you get”. BANOR SIM S.p.A., with about 4 billion euro (at 31 August 2014) of assets under management and advice and over 1000 clients, is the biggest of Italy’s independent securities brokerages and specialises in asset management and high wealth investors. The company has offices in Milan, Turin and in London, following its acquisition of a holding in Banor Capital Ltd. (formerly Proxima Investment Management Ltd.), a London-based asset management firm. BANOR, which has a staff of over 70, supports institutional and private investors and helps some of Italy’s great business families to maintain and grow their wealth and hand it down to the new generations. The firm was bought 15 years ago by a group of private investors/managers lead by Massimiliano Cagliero, formerly of Goldman Sachs and the current CEO, with 60% of the capital. Their aim was to create a centre of excellence for financial consulting and asset management. Since then, the company has seen exponential growth, thanks to the experience of its management team, led by Chief Investment Officer Luca Riboldi, and a business model based on continuity of results and performance, and on the high quality of the service provided. Quality guaranteed by the attention devoted to each client’s specific needs. BANOR is one of the few asset management firms to have obtained investment process certification that meets the Global International Performance Standards (GIPS). Its certification was issued by PricewaterhouseCoopers in March 2013. Disclaimer: The content of this section has not been verified by independent bodies. No explicit or implicit guarantee is provided regarding the reliability, accuracy or completeness of the information and opinions provided. Said information and opinions are not based on any evaluation of their suitability and do not take the risk profile of recipients into account. They are not, therefore, intended as personalised recommendations and do not constitute investment consultancy or advice under the terms of Legislative Decree 58/1998. The content of the site may not be reproduced or published in full or in part for any purpose, or disclosed to third parties.

Original article in Italian language, available here: Verona Economia, November 21, 2014.

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