A New Address in Zurich, Reflecting Our Long-Term Vision

After 36 years in Zurich, NS Partners has entered a new chapter with the relocation of its local office to the Weisses Schloss, one of the city’s most iconic historic buildings. More than a change of address, this move reflects our long-term commitment to Zurich and our continued investment in the future of the Group.

Located at General-Guisan-Quai 30, on the shores of Lake Zurich, the Weisses Schloss is a landmark building that has long been part of the city’s architectural heritage. Its combination of history, elegance and modern infrastructure makes it a natural home for our Zurich team and a fitting setting for the values that have guided NS Partners for more than six decades.

NS Partners Zurich: Strengthening Our Presence in Switzerland’s Leading Financial Centre

Zurich has played an important role in the development of NS Partners for more than three decades. Since 1990, our local office has supported private and institutional clients while contributing to the growth of the Group’s wealth management and asset management activities. Today, the Zurich office offers not only private wealth management services, but also access to a broad range of multi-manager and long-only investment strategies.

The relocation to the Weisses Schloss underscores the strategic importance of Zurich within our organisation and reflects our ambition to continue developing our activities in Switzerland’s leading financial centre over the long term.

A Building That Reflects Our Values

Built at the end of the nineteenth century, the Weisses Schloss is among Zurich’s most recognisable historic buildings. Recent renovations have preserved its distinctive character while integrating modern infrastructure and high-quality standards.

For NS Partners, the significance of this move extends beyond the building itself. The Weisses Schloss embodies qualities that resonate strongly with our own identity: heritage, independence, stability and a long-term perspective. These values have shaped our approach since 1964 and continue to guide us as we look towards the future.

Our move to the Weisses Schloss marks an important milestone for our Zurich office. This unique location reflects the identity of NS Partners, combining heritage, high standards and a forward-looking vision, while reinforcing our long-term commitment to our clients and partners. Pascal Scherer, Head of Zurich Office

Supporting Future Growth

The new premises provide additional space and an enhanced working environment for clients, partners and employees alike. More importantly, they support the next phase of development for our Zurich operations and reinforce our ability to serve clients with the proximity, expertise and independence that define NS Partners.

The strengthening of our presence in Zurich is fully aligned with NS Partners’ development strategy. It reflects our ambition to continue offering our clients proximity, independent expertise and a high-quality environment that meets our standards. Frédéric de Poix, CEO

The relocation comes at a time when NS Partners continues to invest in its future growth and long-term development, following the governance evolution announced in late 2025.

Looking Ahead

Over the past 60 years, NS Partners has evolved from a Swiss private banking specialist into an international wealth and asset management group serving private and institutional clients across multiple jurisdictions. With more than CHF 15 billion in assets under management or administration and offices in Geneva, Zurich, London, Luxembourg, Madrid, Milan and Bermuda, the Group continues to invest in its people, its infrastructure and its long-term growth.

Our new Zurich office represents another step in that journey and reaffirms our commitment to building enduring relationships with our clients while remaining true to the principles that have defined NS Partners since its founding: independence, excellence and a long-term perspective.

Download the full press release FRENCH | ENGLISH | Deutsche

 

A New Address in Zurich, Reflecting Our Long-Term Vision

After 36 years in Zurich, NS Partners has entered a new chapter with the relocation of its local office to the Weisses Schloss, one of the city’s most iconic historic buildings. More than a change of address, this move reflects our long-term commitment to Zurich and our continued investment in the future of the Group.

Located at General-Guisan-Quai 30, on the shores of Lake Zurich, the Weisses Schloss is a landmark building that has long been part of the city’s architectural heritage. Its combination of history, elegance and modern infrastructure makes it a natural home for our Zurich team and a fitting setting for the values that have guided NS Partners for more than six decades.

NS Partners Zurich: Strengthening Our Presence in Switzerland’s Leading Financial Centre

Zurich has played an important role in the development of NS Partners for more than three decades. Since 1990, our local office has supported private and institutional clients while contributing to the growth of the Group’s wealth management and asset management activities. Today, the Zurich office offers not only private wealth management services, but also access to a broad range of multi-manager and long-only investment strategies.

The relocation to the Weisses Schloss underscores the strategic importance of Zurich within our organisation and reflects our ambition to continue developing our activities in Switzerland’s leading financial centre over the long term.

A Building That Reflects Our Values

Built at the end of the nineteenth century, the Weisses Schloss is among Zurich’s most recognisable historic buildings. Recent renovations have preserved its distinctive character while integrating modern infrastructure and high-quality standards.

For NS Partners, the significance of this move extends beyond the building itself. The Weisses Schloss embodies qualities that resonate strongly with our own identity: heritage, independence, stability and a long-term perspective. These values have shaped our approach since 1964 and continue to guide us as we look towards the future.

Our move to the Weisses Schloss marks an important milestone for our Zurich office. This unique location reflects the identity of NS Partners, combining heritage, high standards and a forward-looking vision, while reinforcing our long-term commitment to our clients and partners. Pascal Scherer, Head of Zurich Office

Supporting Future Growth

The new premises provide additional space and an enhanced working environment for clients, partners and employees alike. More importantly, they support the next phase of development for our Zurich operations and reinforce our ability to serve clients with the proximity, expertise and independence that define NS Partners.

The strengthening of our presence in Zurich is fully aligned with NS Partners’ development strategy. It reflects our ambition to continue offering our clients proximity, independent expertise and a high-quality environment that meets our standards. Frédéric de Poix, CEO

The relocation comes at a time when NS Partners continues to invest in its future growth and long-term development, following the governance evolution announced in late 2025.

Looking Ahead

Over the past 60 years, NS Partners has evolved from a Swiss private banking specialist into an international wealth and asset management group serving private and institutional clients across multiple jurisdictions. With more than CHF 15 billion in assets under management or administration and offices in Geneva, Zurich, London, Luxembourg, Madrid, Milan and Bermuda, the Group continues to invest in its people, its infrastructure and its long-term growth.

Our new Zurich office represents another step in that journey and reaffirms our commitment to building enduring relationships with our clients while remaining true to the principles that have defined NS Partners since its founding: independence, excellence and a long-term perspective.

Download the full press release FRENCH | ENGLISH | Deutsche

 

Markets Are Not Pricing a Bubble. They Are Pricing an Earnings Revolution.

Record highs may look uncomfortable, but the earnings revolution currently underway tells a very different story. The more important question is whether today’s extraordinary earnings growth can last.

Wall Street’s relentless march to new highs has reignited a familiar debate. Investors, policymakers and commentators increasingly question whether equity markets have become detached from reality. A handful of mega-cap technology companies now account for a growing share of market returns, while enthusiasm surrounding artificial intelligence continues to dominate headlines. To many observers, the ingredients of a speculative bubble appear obvious.

Yet the data suggest a more nuanced picture.

Markets are trading at record highs. More importantly, so are corporate earnings.

That distinction matters.

Historically, periods of genuine market excess have been characterised by valuations rising much faster than profitability. During the dot-com bubble, investors paid increasingly higher multiples for businesses whose earnings often failed to materialise. Prices were driven by optimism rather than results.

An Earnings Revolution, Not a Market Bubble

Today’s environment looks very different.

Recent earnings seasons have produced some of the largest upward revisions to profit expectations seen in years. After first-quarter results significantly exceeded forecasts, analysts were forced to revise expectations sharply higher. The same pattern has continued during the second-quarter reporting season.

The result is an unusually powerful acceleration in earnings growth.

Current consensus forecasts anticipate S&P 500 earnings growth of approximately 30% in 2026, followed by a further 13% in 2027 and 14% in 2028. Taken together, that represents cumulative earnings growth of roughly 67.5% over the next three years.

This is where the narrative surrounding valuations becomes more complicated.

Even if the S&P 500 were to deliver a relatively ordinary annual return over the same period, corporate profits would be growing substantially faster than share prices. Under such a scenario, investors could be paying lower valuation multiples in three years’ time despite positive market returns. Rising markets do not necessarily imply rising valuations.

One of the most overlooked developments of recent years is precisely this phenomenon. While index levels have reached new highs, valuation multiples have remained relatively stable. In parts of the technology sector, valuations have even declined as earnings growth has outpaced share price appreciation. In many cases, fundamentals have caught up with enthusiasm.

This observation complements another theme we recently explored in Angel’s CHART OF THE MONTH: AI AND MARKET RETURNS: LESSONS FROM PAST TECHNOLOGICAL REVOLUTIONS.Technological breakthroughs can transform economies without necessarily transforming long-term market returns. What makes the current environment unique is not just the technology itself, but the scale of the earnings growth currently emerging from it.

The AI Investment Cycle Behind the Earnings Revolution

The obvious question is what is driving such extraordinary earnings growth.

The answer lies largely in an investment cycle of historic proportions. Artificial intelligence has triggered what may become one of the largest capital expenditure booms in modern corporate history. Hyperscalers, semiconductor manufacturers and digital infrastructure providers are collectively investing hundreds of billions of dollars to build the computational capacity required to support the next generation of AI applications.

Importantly, the beneficiaries extend far beyond the most visible names. From networking equipment and cloud infrastructure to software and enterprise applications, a broad ecosystem is experiencing a level of demand that would have appeared unrealistic only a few years ago.

This is why today’s market may be better understood as an earnings story rather than a valuation story.

Investors are not merely paying higher prices for the same pool of profits. They are responding to a materially improved earnings outlook.

The Real Risk Is Not Valuation Multiples

That does not mean risks are absent.

In fact, investors may be focusing on the wrong risk entirely.

The question is not necessarily whether equity markets are experiencing a bubble. It may be whether they are experiencing an earnings bubble.

The distinction is subtle but critical.

If current profit growth proves sustainable, many valuation concerns could gradually disappear. If, however, earnings growth depends on an exceptionally high and ultimately unsustainable level of AI-related capital expenditure, today’s optimism may face a more meaningful test.

For now, there is little evidence of an imminent slowdown. Most major technology companies continue to signal substantial spending commitments, while demand for computing infrastructure remains well above available supply. Industry forecasts generally suggest that the current investment cycle has several years left to run.

History, however, offers a note of caution.

Railways, telecommunications networks and the internet all experienced extraordinary investment booms before eventually entering periods of normalisation. Artificial intelligence is unlikely to prove entirely different. At some point, expansion will give way to optimisation, and markets will need a new source of earnings acceleration.

Looking Beyond the Headlines

The lesson from today’s market environment is straightforward.

Record highs should not automatically be interpreted as evidence of speculation or excess. Prices considered in isolation can appear expensive while becoming increasingly reasonable when measured against a rapidly improving earnings outlook.

The more important challenge for investors is therefore not assessing where valuations stand today, but determining how long the current earnings revolution can endure.

As discussed in MAXIMILIEN’S RECENT ARTICLE, the key challenge for investors is increasingly about identifying which expectations are already embedded in prices and which opportunities remain underestimated by the market. What matters is not simply where valuations look cheap, but where future earnings power is still being mispriced.

As the gap between market narratives and corporate profitability widens, opportunities are likely to emerge for investors capable of distinguishing durable earnings growth from temporary enthusiasm. Ultimately, if earnings drive markets, the ability to identify businesses capable of sustaining that earnings growth may matter more than ever.

Further Analysis

This article is based on a broader research note exploring the relationship between earnings growth, valuations and the current AI investment cycle and prepared by our marketing team.

Download Document (PDF)

Past performance is not indicative of future results. The views, strategies and financial instruments described in this document may not be suitable for all investors. Opinions expressed are current opinions as of the date(s) appearing in this material only. References to market or composite indices, benchmarks or other measures of relative market performance over a specified period of time are provided for your information only.

NS Partners provides no warranty and makes no representation of any kind whatsoever regarding the accuracy and completeness of any data, including financial market data, quotes, research notes or other financial instruments referred to in this document. 

This document does not constitute an offer or solicitation to any person in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it would be unlawful to make such offer or solicitation. Any reference in this document to specific securities and issuers are for illustrative purposes only, and should not be interpreted as recommendations to purchase or sell those securities.

References in this document to investment funds that have not been registered with the Finma cannot be distributed in or from Switzerland except to certain categories of eligible investors. Some of the entities of the NS Partners group or its clients may hold a position in the financial instruments of any issuer discussed herein, or act as advisor to any such issuer.

Additional information is available on request. 

© NS Partners Group

Markets Are Not Pricing a Bubble. They Are Pricing an Earnings Revolution.

Record highs may look uncomfortable, but the earnings revolution currently underway tells a very different story. The more important question is whether today’s extraordinary earnings growth can last.

Wall Street’s relentless march to new highs has reignited a familiar debate. Investors, policymakers and commentators increasingly question whether equity markets have become detached from reality. A handful of mega-cap technology companies now account for a growing share of market returns, while enthusiasm surrounding artificial intelligence continues to dominate headlines. To many observers, the ingredients of a speculative bubble appear obvious.

Yet the data suggest a more nuanced picture.

Markets are trading at record highs. More importantly, so are corporate earnings.

That distinction matters.

Historically, periods of genuine market excess have been characterised by valuations rising much faster than profitability. During the dot-com bubble, investors paid increasingly higher multiples for businesses whose earnings often failed to materialise. Prices were driven by optimism rather than results.

An Earnings Revolution, Not a Market Bubble

Today’s environment looks very different.

Recent earnings seasons have produced some of the largest upward revisions to profit expectations seen in years. After first-quarter results significantly exceeded forecasts, analysts were forced to revise expectations sharply higher. The same pattern has continued during the second-quarter reporting season.

The result is an unusually powerful acceleration in earnings growth.

Current consensus forecasts anticipate S&P 500 earnings growth of approximately 30% in 2026, followed by a further 13% in 2027 and 14% in 2028. Taken together, that represents cumulative earnings growth of roughly 67.5% over the next three years.

This is where the narrative surrounding valuations becomes more complicated.

Even if the S&P 500 were to deliver a relatively ordinary annual return over the same period, corporate profits would be growing substantially faster than share prices. Under such a scenario, investors could be paying lower valuation multiples in three years’ time despite positive market returns. Rising markets do not necessarily imply rising valuations.

One of the most overlooked developments of recent years is precisely this phenomenon. While index levels have reached new highs, valuation multiples have remained relatively stable. In parts of the technology sector, valuations have even declined as earnings growth has outpaced share price appreciation. In many cases, fundamentals have caught up with enthusiasm.

This observation complements another theme we recently explored in Angel’s CHART OF THE MONTH: AI AND MARKET RETURNS: LESSONS FROM PAST TECHNOLOGICAL REVOLUTIONS.Technological breakthroughs can transform economies without necessarily transforming long-term market returns. What makes the current environment unique is not just the technology itself, but the scale of the earnings growth currently emerging from it.

The AI Investment Cycle Behind the Earnings Revolution

The obvious question is what is driving such extraordinary earnings growth.

The answer lies largely in an investment cycle of historic proportions. Artificial intelligence has triggered what may become one of the largest capital expenditure booms in modern corporate history. Hyperscalers, semiconductor manufacturers and digital infrastructure providers are collectively investing hundreds of billions of dollars to build the computational capacity required to support the next generation of AI applications.

Importantly, the beneficiaries extend far beyond the most visible names. From networking equipment and cloud infrastructure to software and enterprise applications, a broad ecosystem is experiencing a level of demand that would have appeared unrealistic only a few years ago.

This is why today’s market may be better understood as an earnings story rather than a valuation story.

Investors are not merely paying higher prices for the same pool of profits. They are responding to a materially improved earnings outlook.

The Real Risk Is Not Valuation Multiples

That does not mean risks are absent.

In fact, investors may be focusing on the wrong risk entirely.

The question is not necessarily whether equity markets are experiencing a bubble. It may be whether they are experiencing an earnings bubble.

The distinction is subtle but critical.

If current profit growth proves sustainable, many valuation concerns could gradually disappear. If, however, earnings growth depends on an exceptionally high and ultimately unsustainable level of AI-related capital expenditure, today’s optimism may face a more meaningful test.

For now, there is little evidence of an imminent slowdown. Most major technology companies continue to signal substantial spending commitments, while demand for computing infrastructure remains well above available supply. Industry forecasts generally suggest that the current investment cycle has several years left to run.

History, however, offers a note of caution.

Railways, telecommunications networks and the internet all experienced extraordinary investment booms before eventually entering periods of normalisation. Artificial intelligence is unlikely to prove entirely different. At some point, expansion will give way to optimisation, and markets will need a new source of earnings acceleration.

Looking Beyond the Headlines

The lesson from today’s market environment is straightforward.

Record highs should not automatically be interpreted as evidence of speculation or excess. Prices considered in isolation can appear expensive while becoming increasingly reasonable when measured against a rapidly improving earnings outlook.

The more important challenge for investors is therefore not assessing where valuations stand today, but determining how long the current earnings revolution can endure.

As discussed in MAXIMILIEN’S RECENT ARTICLE, the key challenge for investors is increasingly about identifying which expectations are already embedded in prices and which opportunities remain underestimated by the market. What matters is not simply where valuations look cheap, but where future earnings power is still being mispriced.

As the gap between market narratives and corporate profitability widens, opportunities are likely to emerge for investors capable of distinguishing durable earnings growth from temporary enthusiasm. Ultimately, if earnings drive markets, the ability to identify businesses capable of sustaining that earnings growth may matter more than ever.

Further Analysis

This article is based on a broader research note exploring the relationship between earnings growth, valuations and the current AI investment cycle and prepared by our marketing team.

Download Document (PDF)

Past performance is not indicative of future results. The views, strategies and financial instruments described in this document may not be suitable for all investors. Opinions expressed are current opinions as of the date(s) appearing in this material only. References to market or composite indices, benchmarks or other measures of relative market performance over a specified period of time are provided for your information only.

NS Partners provides no warranty and makes no representation of any kind whatsoever regarding the accuracy and completeness of any data, including financial market data, quotes, research notes or other financial instruments referred to in this document. 

This document does not constitute an offer or solicitation to any person in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it would be unlawful to make such offer or solicitation. Any reference in this document to specific securities and issuers are for illustrative purposes only, and should not be interpreted as recommendations to purchase or sell those securities.

References in this document to investment funds that have not been registered with the Finma cannot be distributed in or from Switzerland except to certain categories of eligible investors. Some of the entities of the NS Partners group or its clients may hold a position in the financial instruments of any issuer discussed herein, or act as advisor to any such issuer.

Additional information is available on request. 

© NS Partners Group

NS Partners Announces Partnership with Swiss Athlete Anina Hirzel

Supporting promising Swiss athlete Anina Hirzel as she takes the next step on the international stage.

NS Partners is proud to announce a new partnership with Anina Hirzel, one of the country’s most promising young middle- and long-distance runners.

At just 19 years old, Anina has already built an impressive record, including multiple podium finishes at Swiss Championships, a bronze medal at the U18 Mountain Running World Championships and participation in major international competitions. Her ambition is clear: continue progressing on the international stage and pursue her long-term goal of competing among the world’s elite athletes.

This announcement comes at a particularly exciting moment. In the coming days, Anina will represent Switzerland at the World Athletics U20 Championships in Eugene, Oregon, where some of the world’s most talented young athletes will compete on the international stage.

At NS Partners, we believe that success is built over time through commitment, discipline, perseverance and a willingness to pursue ambitious goals. These values resonate strongly with Anina’s journey and are at the heart of what attracted us to her project.

Sport has long been part of NS Partners’ culture. Whether through team challenges, employee-led sporting initiatives or collective projects such as Swim4LémanHope, we have seen how sport brings people together around shared values of commitment, resilience and mutual support. In this respect, Anina’s journey resonates naturally with the spirit that already exists within our organisation and the importance we place on long-term wellbeing, personal development and collective achievement.

More than a sponsorship, this partnership reflects a shared belief in long-term ambition, discipline and perseverance. At a pivotal moment in her career, Anina is earning her place on the international stage through talent, hard work and determination. We are proud to support her as she continues to push her limits and pursue her goals at the highest level of the sport.

Elite sport is often judged by results, yet those results are only the visible outcome of years of dedication, sacrifice and resilience. What makes Anina’s journey remarkable is not only her achievements to date, but also her commitment to continuous improvement and her determination to compete among the very best. It is this mindset, as much as the performances themselves, that inspires our support.

Every training session, every competition and every challenge is another step on the journey. I am grateful to have NS Partners supporting me as I continue working towards my long-term dream of competing at the highest international level. – Anina Hirzel

As she embarks on this next chapter of her sporting career, we are proud to stand alongside her and look forward to following her progress in the years ahead.

About Anina Hirzel

Anina Hirzel is a Swiss middle- and long-distance runner competing at national and international level. Despite her young age, she has already achieved several notable results, including multiple podium finishes at Swiss Championships, a bronze medal at the U18 Mountain Running World Championships and participation in the U20 European Championships. In 2026, she qualified to represent Switzerland at the World Athletics U20 Championships in Eugene, Oregon, continuing her progression towards the highest level of international athletics.

To learn more about Anina and follow her journey, visit her website: www.aninahirzel.com.

NS Partners Announces Partnership with Swiss Athlete Anina Hirzel

Supporting promising Swiss athlete Anina Hirzel as she takes the next step on the international stage.

NS Partners is proud to announce a new partnership with Anina Hirzel, one of the country’s most promising young middle- and long-distance runners.

At just 19 years old, Anina has already built an impressive record, including multiple podium finishes at Swiss Championships, a bronze medal at the U18 Mountain Running World Championships and participation in major international competitions. Her ambition is clear: continue progressing on the international stage and pursue her long-term goal of competing among the world’s elite athletes.

This announcement comes at a particularly exciting moment. In the coming days, Anina will represent Switzerland at the World Athletics U20 Championships in Eugene, Oregon, where some of the world’s most talented young athletes will compete on the international stage.

At NS Partners, we believe that success is built over time through commitment, discipline, perseverance and a willingness to pursue ambitious goals. These values resonate strongly with Anina’s journey and are at the heart of what attracted us to her project.

Sport has long been part of NS Partners’ culture. Whether through team challenges, employee-led sporting initiatives or collective projects such as Swim4LémanHope, we have seen how sport brings people together around shared values of commitment, resilience and mutual support. In this respect, Anina’s journey resonates naturally with the spirit that already exists within our organisation and the importance we place on long-term wellbeing, personal development and collective achievement.

More than a sponsorship, this partnership reflects a shared belief in long-term ambition, discipline and perseverance. At a pivotal moment in her career, Anina is earning her place on the international stage through talent, hard work and determination. We are proud to support her as she continues to push her limits and pursue her goals at the highest level of the sport.

Elite sport is often judged by results, yet those results are only the visible outcome of years of dedication, sacrifice and resilience. What makes Anina’s journey remarkable is not only her achievements to date, but also her commitment to continuous improvement and her determination to compete among the very best. It is this mindset, as much as the performances themselves, that inspires our support.

Every training session, every competition and every challenge is another step on the journey. I am grateful to have NS Partners supporting me as I continue working towards my long-term dream of competing at the highest international level. – Anina Hirzel

As she embarks on this next chapter of her sporting career, we are proud to stand alongside her and look forward to following her progress in the years ahead.

About Anina Hirzel

Anina Hirzel is a Swiss middle- and long-distance runner competing at national and international level. Despite her young age, she has already achieved several notable results, including multiple podium finishes at Swiss Championships, a bronze medal at the U18 Mountain Running World Championships and participation in the U20 European Championships. In 2026, she qualified to represent Switzerland at the World Athletics U20 Championships in Eugene, Oregon, continuing her progression towards the highest level of international athletics.

To learn more about Anina and follow her journey, visit her website: www.aninahirzel.com.

NS Impact : Les collaborateurs de NS Partners se mobilisent pour Léman Hope

Le 23 juin 2026, dix-huit collaborateurs de NS Partners issus de nos bureaux de Genève et Zurich se relaieront dans les eaux du Léman pour relever un défi sportif et solidaire : parcourir près de 19 kilomètres à la nage entre Genève et Nyon dans le cadre de Swim4LémanHope, au profit de la Fondation Léman Hope.

Au-delà de la performance sportive, cette aventure porte une ambition simple : mettre notre énergie collective au service des enfants et adolescents accompagnés par Léman Hope.

Un engagement renouvelé aux côtés de Léman Hope

Depuis neuf ans, NS Impact incarne l’engagement philanthropique de NS Partners.

Créée pour fédérer les collaborateurs autour de projets solidaires, l’initiative a déjà permis de soutenir plus de 30 projets au bénéfice de 17 associations.

En 2026, NS Partners renouvelle pour la deuxième année consécutive son soutien à la Fondation Léman Hope, dont la mission est d’accompagner les enfants et jeunes en rémission d’un cancer à travers des croisières et activités nautiques favorisant la reconstruction, la confiance en soi et le retour à une vie aussi sereine que possible.

Cette année, notre soutien prend une dimension particulière : au-delà de la contribution financière apportée par NS Impact, nos collaborateurs ont choisi de s’engager personnellement dans le défi Swim4LémanHope.

Une traversée du Léman en relais

Le départ sera donné le 23 juin à 6h00 depuis les Bains des Pâquis à Genève.

Une première équipe de neuf nageurs rejoindra la plage de Mies avant de passer le relais à un second groupe de neuf collaborateurs qui poursuivra l’aventure jusqu’à Nyon.

Parmi les participants, certains sont des nageurs aguerris habitués à la nage en eau libre. Pour d’autres, cette traversée représentera une véritable première.

Tous partagent cependant le même objectif : dépasser leurs appréhensions, sortir de leur zone de confort et nager pour une cause qui les dépasse.

Une aventure humaine avant tout

Au fil des mois, les entraînements se sont multipliés avant ou après les journées de travail, parfois tôt le matin, parfois le soir, dans les piscines de Genève et de Zurich ou directement dans les eaux du Léman.

Les participants viennent d’horizons différents, exercent des métiers différents et n’avaient pas tous le même niveau de pratique au départ. Pourtant, chacun a trouvé sa place au sein du projet.

Les nageurs les plus expérimentés ont partagé leurs conseils avec ceux qui découvraient la nage en eau libre. Les progrès individuels sont rapidement devenus une réussite collective.

Cette préparation a renforcé les liens entre collaborateurs et donné une dimension particulièrement humaine à l’initiative. Bien au-delà du défi sportif, Swim4LémanHope est devenu une aventure collective portée par l’entraide, la persévérance et la volonté commune d’agir pour les enfants soutenus par Léman Hope.

Quand l’engagement prend tout son sens

Pour de nombreux participants, cette initiative résonne bien au-delà du défi sportif.

En tant que parent, il est difficile d’imaginer ce que traversent les familles confrontées à la maladie d’un enfant. Participer à Swim4LémanHope est une façon très concrète d’apporter notre soutien. Chaque entraînement, chaque kilomètre parcouru nous rappelle pourquoi nous sommes là. Nous nageons pour les enfants, mais aussi pour leurs parents, leurs frères et sœurs, et pour toutes les personnes qui les accompagnent dans leur combat.

— Sophie, participante à Swim4LémanHope pour NS Partners

Soutenir Léman Hope

La participation de l’équipe NS Partners à Swim4LémanHope s’accompagne d’une collecte de fonds destinée à soutenir les actions de la Fondation Léman Hope.

Les dons récoltés contribueront directement au financement des croisières et activités proposées aux enfants et adolescents accompagnés par l’association.

Chaque contribution, quel que soit son montant, participe à offrir à ces jeunes des expériences positives, des moments de partage et des perspectives d’avenir.

Faire un don à léman hope

Nous vous invitons à soutenir l’équipe NS Partners en effectuant un don via notre page dédiée :

Léman Hope – Soutenir l’équipe NS Partners

Nous remercions chaleureusement toutes les personnes qui contribueront à cette belle aventure humaine et solidaire.

NS Impact : Les collaborateurs de NS Partners se mobilisent pour Léman Hope

Le 23 juin 2026, dix-huit collaborateurs de NS Partners issus de nos bureaux de Genève et Zurich se relaieront dans les eaux du Léman pour relever un défi sportif et solidaire : parcourir près de 19 kilomètres à la nage entre Genève et Nyon dans le cadre de Swim4LémanHope, au profit de la Fondation Léman Hope.

Au-delà de la performance sportive, cette aventure porte une ambition simple : mettre notre énergie collective au service des enfants et adolescents accompagnés par Léman Hope.

Un engagement renouvelé aux côtés de Léman Hope

Depuis neuf ans, NS Impact incarne l’engagement philanthropique de NS Partners.

Créée pour fédérer les collaborateurs autour de projets solidaires, l’initiative a déjà permis de soutenir plus de 30 projets au bénéfice de 17 associations.

En 2026, NS Partners renouvelle pour la deuxième année consécutive son soutien à la Fondation Léman Hope, dont la mission est d’accompagner les enfants et jeunes en rémission d’un cancer à travers des croisières et activités nautiques favorisant la reconstruction, la confiance en soi et le retour à une vie aussi sereine que possible.

Cette année, notre soutien prend une dimension particulière : au-delà de la contribution financière apportée par NS Impact, nos collaborateurs ont choisi de s’engager personnellement dans le défi Swim4LémanHope.

Une traversée du Léman en relais

Le départ sera donné le 23 juin à 6h00 depuis les Bains des Pâquis à Genève.

Une première équipe de neuf nageurs rejoindra la plage de Mies avant de passer le relais à un second groupe de neuf collaborateurs qui poursuivra l’aventure jusqu’à Nyon.

Parmi les participants, certains sont des nageurs aguerris habitués à la nage en eau libre. Pour d’autres, cette traversée représentera une véritable première.

Tous partagent cependant le même objectif : dépasser leurs appréhensions, sortir de leur zone de confort et nager pour une cause qui les dépasse.

Une aventure humaine avant tout

Au fil des mois, les entraînements se sont multipliés avant ou après les journées de travail, parfois tôt le matin, parfois le soir, dans les piscines de Genève et de Zurich ou directement dans les eaux du Léman.

Les participants viennent d’horizons différents, exercent des métiers différents et n’avaient pas tous le même niveau de pratique au départ. Pourtant, chacun a trouvé sa place au sein du projet.

Les nageurs les plus expérimentés ont partagé leurs conseils avec ceux qui découvraient la nage en eau libre. Les progrès individuels sont rapidement devenus une réussite collective.

Cette préparation a renforcé les liens entre collaborateurs et donné une dimension particulièrement humaine à l’initiative. Bien au-delà du défi sportif, Swim4LémanHope est devenu une aventure collective portée par l’entraide, la persévérance et la volonté commune d’agir pour les enfants soutenus par Léman Hope.

Quand l’engagement prend tout son sens

Pour de nombreux participants, cette initiative résonne bien au-delà du défi sportif.

En tant que parent, il est difficile d’imaginer ce que traversent les familles confrontées à la maladie d’un enfant. Participer à Swim4LémanHope est une façon très concrète d’apporter notre soutien. Chaque entraînement, chaque kilomètre parcouru nous rappelle pourquoi nous sommes là. Nous nageons pour les enfants, mais aussi pour leurs parents, leurs frères et sœurs, et pour toutes les personnes qui les accompagnent dans leur combat.

— Sophie, participante à Swim4LémanHope pour NS Partners

Soutenir Léman Hope

La participation de l’équipe NS Partners à Swim4LémanHope s’accompagne d’une collecte de fonds destinée à soutenir les actions de la Fondation Léman Hope.

Les dons récoltés contribueront directement au financement des croisières et activités proposées aux enfants et adolescents accompagnés par l’association.

Chaque contribution, quel que soit son montant, participe à offrir à ces jeunes des expériences positives, des moments de partage et des perspectives d’avenir.

Faire un don à léman hope

Nous vous invitons à soutenir l’équipe NS Partners en effectuant un don via notre page dédiée :

Léman Hope – Soutenir l’équipe NS Partners

Nous remercions chaleureusement toutes les personnes qui contribueront à cette belle aventure humaine et solidaire.

NS Partners strengthens its presence in Italy

NS Partners is pleased to announce an important leadership evolution for its Italian Branch in Milan, reinforcing the Group’s long-term commitment to the Italian market.

As part of this transition, Grégoire Notz, Chairman of the Group, has assumed responsibility for the Italian Branch, while Giorgio Rocca, who has led NS Partners’ Wealth Management activities in Italy for more than five years, is taking on expanded responsibilities to support the continued development of the business locally.

This evolution reflects NS Partners’ commitment to continuity and long-term development, building on its established presence in Italy and the strength of its experienced local team.

With a longstanding presence in the Italian market, NS Partners provides independent wealth management and advisory services to private and institutional clients through an approach founded on independence, alignment of interests and long-term conviction.

Read the full announcement in English, French and Italian in the attached documents.

 

Pierre Mouton dans Informations Entreprise et Dixit : la discipline et l’alignement des intérêts au cœur de l’investissement long terme

Pierre Mouton dans Informations Entreprise et Dixit : la discipline et l’alignement des intérêts au cœur de l’investissement long terme

Les investisseurs évoluent aujourd’hui dans un environnement marqué par l’incertitude géopolitique, l’accélération technologique, la volatilité des marchés et des cycles économiques toujours plus rapides. Dans ce contexte, il peut être tentant de privilégier les mouvements tactiques ou de réagir aux fluctuations de court terme. Pourtant, l’histoire des marchés démontre qu’une approche fondée sur l’investissement long terme demeure l’un des moyens les plus efficaces de construire et préserver un patrimoine.

À l’occasion d’une interview accordée au magazine Informations Entreprise ainsi que d’un entretien vidéo dans l’émission Dixit, Pierre Mouton, Associé et Senior Portfolio Manager chez NS Partners, revient sur les principes qui guident sa philosophie d’investissement : discipline, sélectivité, indépendance et alignement des intérêts.

Pourquoi l’investissement long terme reste plus pertinent que jamais

L’investissement long terme repose sur une idée simple : créer de la valeur durable en s’appuyant sur les fondamentaux économiques plutôt que sur les mouvements de marché de court terme.

Si les investisseurs sont aujourd’hui exposés à un flux continu d’informations, les performances durables restent généralement le résultat de décisions réfléchies, prises dans le cadre d’une stratégie cohérente et adaptée aux objectifs patrimoniaux de chaque client.

Comme le souligne Pierre Mouton, l’enjeu n’est pas de prédire les marchés semaine après semaine, mais de construire des portefeuilles capables de traverser différents cycles économiques tout en restant alignés avec les objectifs de long terme des investisseurs.

Cette vision constitue depuis toujours l’un des fondements de l’approche de gestion de NS Partners.

Investissement long terme : privilégier les fondamentaux plutôt que le bruit des marchés

L’un des principaux défis de l’investissement long terme est la capacité à rester discipliné lorsque les marchés deviennent volatils.

Les périodes d’euphorie comme les phases de correction peuvent conduire les investisseurs à prendre des décisions dictées par l’émotion. Pourtant, les meilleures opportunités apparaissent souvent lorsque l’analyse fondamentale prime sur les tendances du moment.

Dans son entretien, Pierre Mouton rappelle que certaines entreprises continuent de créer de la valeur indépendamment des cycles de marché grâce à leur positionnement stratégique, leur capacité d’innovation ou la solidité de leur modèle économique.

L’investissement long terme consiste précisément à identifier ces entreprises et à leur laisser le temps de matérialiser leur potentiel.

Comment construire un portefeuille orienté investissement long terme

Une stratégie d’investissement long terme ne se limite pas à acheter des actifs et les conserver indéfiniment. Elle repose sur une construction rigoureuse du portefeuille et sur une allocation adaptée au profil de risque de chaque investisseur.

Cette approche implique notamment :

  • Une définition claire des objectifs patrimoniaux ;
  • Une diversification adaptée ;
  • Une sélection rigoureuse des actifs ;
  • Une gestion active des risques ;
  • Un suivi régulier de l’évolution des marchés et des besoins du client.

Selon Pierre Mouton, le portefeuille doit rester un outil au service du projet de vie du client et non l’inverse. C’est pourquoi la compréhension des objectifs personnels, familiaux ou entrepreneuriaux reste une étape essentielle du processus d’investissement.

L’alignement des intérêts : un pilier de l’investissement long terme

Pour qu’une stratégie d’investissement long terme soit efficace, la relation entre le client et son gérant doit reposer sur la confiance.

Cette confiance se construit notamment grâce à la transparence, à l’indépendance du conseil et à l’alignement des intérêts.

Dans un environnement où les investisseurs recherchent davantage de visibilité sur les décisions prises en leur nom, la capacité à expliquer clairement les choix d’allocation, les risques assumés et les objectifs poursuivis devient un facteur différenciant.

Chez NS Partners, cette philosophie se traduit par une forte implication des associés dans les stratégies recommandées et par une culture entrepreneuriale orientée vers la création de valeur durable.

Gestion de fortune indépendante et investissement long terme

L’investissement long terme bénéficie particulièrement d’une approche indépendante de la gestion de fortune.

L’accès à une architecture ouverte permet de sélectionner les solutions les plus adaptées aux besoins des clients, sans contrainte liée à des produits maison ou à des objectifs commerciaux prédéfinis.

Cette liberté d’analyse favorise une prise de décision fondée sur la qualité des investissements, la gestion du risque et la cohérence globale du portefeuille.

Dans ses interventions, Pierre Mouton rappelle que l’indépendance constitue aujourd’hui un atout majeur pour accompagner les investisseurs dans un environnement de marché de plus en plus complexe.

Pierre Mouton dans Dixit : une vision concrète de l’investissement long terme

En complément de son entretien dans Informations Entreprise, Pierre Mouton a récemment participé à l’émission Dixit, où il revient sur son parcours, sa vision des marchés financiers et sa conception du métier de gérant.

Cette interview permet d’approfondir plusieurs thèmes clés liés à l’investissement long terme, notamment la discipline d’investissement, l’importance de la sélection de titres et la nécessité de conserver une vision stratégique malgré les fluctuations quotidiennes des marchés.

▶ Voir l’interview Dixit de Pierre Mouton
https://youtu.be/O_DGp4gFDgs

▶ Lire l’article dans Informations Entreprise de Pierre Mouton

Pierre Mouton – L’investissement long terme face à la complexité des marchés

 

Investissement long terme : transformer la complexité en opportunité

Face à la complexité croissante des marchés financiers, l’investissement long terme demeure l’un des principes les plus robustes pour construire un patrimoine durable.

La discipline, la sélectivité, l’indépendance et l’alignement des intérêts constituent autant de facteurs qui permettent d’aborder les marchés avec méthode plutôt qu’avec émotion.

Comme le rappelle Pierre Mouton dans ses récentes interventions médiatiques, la création de valeur durable ne repose pas sur la recherche permanente de la prochaine tendance, mais sur une approche cohérente capable de traverser les cycles économiques tout en restant fidèle aux objectifs des investisseurs.