Massimo Morchio

Alkimis SGR aims to generate a positive absolute return, with moderate volatility. They invest, with a long/short approach, in international shares selected with a fundamental analysis methodology based on cash flow. Alpha generated by matching long and short positions is the primary source of return. The strategy demonstrated low correlation with stock market performance. No structured, illiquid or leveraged products are used.

AGI-IT is an active GARP-oriented investor managing portfolios invested primarily in equity and fixed-income. Asset allocation, based on macroeconomic, fundamental and qualitative analysis, is an essential component of the firm's investment approach and helps them determine which financial instruments to use and in which geographical regions to invest. AGI-IT bases equity investments on a bottom-up approach and fundamental analysis. The firm has a comprehensive company valuation program, which assesses elements such as market positioning, interest rates, ability to create wealth, financial situation and management quality. AGI-IT follows a top-down approach for fixed-income investments, and bases flexible investments, which combine equity and fixed-income investments, on a quantitative analysis process developed in-house. The firm has also developed a proprietary risk management tool, which is designed to forecast risk in financial markets and in the portfolios they manage.