Companies

Global Selection SGR SpA



Global Selection SGR SpA is an asset management company and fully owned  subsidiary of Ceresio SIM, part of the Banca del Ceresio Group.

The Company is authorized to perform asset management activities, being enrolled with no. 51 in the register of asset management companies pursuant to art. 35 TUF - AIF managers section, held by the Bank of Italy.

Active since 2003, the SGR manages:

- Alternative Investment Fund (AIF) under Italian law "Global Managers Selection Fund"

- Alternative Investment Fund (AIF) under Italian law "China Managers Selection Fund"

Global Selection SGR is also the appointed Alternative Investment Fund Manager of Selection Holdings SA, SICAV-FIAR, an umbrella fund with currently three compartments, namely: Atlantic Selection, Pacific Selection and China Selection.  The portfolio management of the respective compartments has been delegated to Belgrave Capital Management Ltd., also a company within the Banca del Ceresio Group.

Board of Directors


Maurizio Solaro del Borgo is Chairman of Ceresio SIM SpA and Global Selection SGR and a director of other companies affiliated with BdC. From 1989 until 2003 he was an Executive Director of BdC. Previously he was at Mediobanca Spa from 1981 to 1987. He holds a degree in Economic Sciences from Libera Universita’ Internazionale degli Studi Sociali, Rome.


Born in 1960, a Swiss and Italian citizen, he has been a member of the Board of Directors since 2010. An economics graduate from Bocconi University,  he was a Managing Director and Chairman of Banca del Ceresio’s Management Committee until 2010. He is currently a member of the Board of Directors of Belgrave Capital Management, Ceresio SIM and Global Selection SGR. He is also a member of the investment committee for the Group’s multi-manager funds.  He holds various other positions, including as a member of, Trustee or consultant to the boards of directors of some private companies, universities, funds  and foundations. He occasionally writes on finance issues in leading newspapers.


Giacomo Foglia holds a Law Degree from Statale University, Milan (1988) and is a member of the Italian Association of Financial Analysts. He joined Banca del Ceresio in 1991 after several professional experiences in various banks in New York. He serves on the boards of some of BdC's subsidiaries and is a director of Haussmann General Partner S.a.r.l.


Mr. Nocera is the Managing Director and CIO of BCM. He is a member of the investment committee of the Group's multi-manager funds, a director of Global Selection Advisors Ltd. and Global Selection SGR SpA. He is also a member of the Investment Committee of Haussmann General Partner. Mr Nocera established BCM in 1995. From 1984 to 1994 Mr. Nocera worked for Bankers Trust Company in New York and London where he held various positions. He received a BA degree in Economics from Brown University and an MBA from New York University.


Federico Foglia is a member of the investment committee of the Group's multi-manager funds, a director of  Global Selection SGR SpA., and of Ceresio SIM SpA. He is also a member of the Investment Committee of Haussmann General Partner. He holds a degree in economics from Bocconi University (1995) and is member of AIAF (the Italian association of financial analysts). Prior to joining Belgrave Capital Management in 2014, he was a Managing Director and member of the Executive Committee of Banca del Ceresio. He joined Banca del Ceresio in 2000 after five years at Merrill Lynch Mercury Asset Management in London, where he was a director of the Private Investment Management Group. Mr. Foglia also serves as a director on Boards of companies in the media and automation component businesses.


Nato nel 1967, cittadino italiano, è Direttore Generale in Global Selection SGR e Direttore Commerciale in Ceresio SIM. Si laurea in Economia e Commercio nel 1993 presso l' Università di Parma. Filippo Calda vanta nella sua carriera diverse esperienze nel settore dell' asset management in Italia e all' estero presso importanti istituti finanziari internazionali, ricoprendo varie funzioni dirigenziali.


Nato nel 1958, cittadino italiano, é Direttore Generale in Ceresio SIM e in Eurofinleading Fiduciaria. Dopo la laurea in Scienze Politiche (1984) consegue un MBA presso il CUOA (Consorzio universitario di organizzazione aziendale). Dopo diverse esperienze in ambito finanziario partecipa alla costituzione e allo sviluppo, in Italia, della succursale di un importante banca europea prima di entrare in Ceresio SIM nel 2004.



products

Global Managers Selection Fund – feeder fund of Selection Holdings - Atlantic Selection

Alternative Investment Fund (AIF) under Italian law which aims to obtain an absolute return in Euro in the medium to long term predominantly through investment in the respective compartment of the Master Fund.

The Feeder Fund invests at least 85% of its assets in the shares of  Selection Holdings - Atlantic Selection, a compartment of the Luxembourg-based SICAV, Selection Holdings SICAV FIAR, set up in the form of a reserved alternative investment fund .

Selection Holdings - Atlantic Selection aims to achieve long-term capital appreciation by allocating its assets among portfolio managers that utilize a range of investment strategies, primarily focused on long-short equity. In particular, the Compartment seeks to achieve its objective by investing most of its assets either in AIFs or other investment funds or through discretionary investment accounts managed by investment managers (together the Collective Investment Schemes, hereinafter CIS) investing globally. The Compartment’s multi-manager approach focuses on absolute return-oriented portfolio managers who are typically independent, have proven performance record and whose interests are aligned with investors through co-investment in the CIS alongside their investors’ capital.

 

China Managers Selection Fund – feeder fund of Selection Holdings - China Selection

Alternative Investment Fund (AIF) under Italian law which aims to obtain an absolute return in Euro in the medium to long term predominantly through investment in the respective compartment of the Master Fund.

The Feeder Fund invests at least 85% of its assets in the shares of  Selection Holdings - China Selection,  a compartment of the Luxembourg-based SICAV, Selection Holdings SICAV FIAR, established in the form of a reserved alternative investment fund .

Selection Holdings - China Selection aims to achieve long-term capital appreciation by allocating its assets among portfolio managers that utilize a range of investment strategies, primarily focused on long-short equity. In particular, the Compartment seeks to achieve its objective by investing most of its assets either in CIS principally investing or based in Greater China (i.e., mainland China, Hong Kong and Taiwan). The Compartment may also invest in CIS whose managers are based in Greater China, but invest globally. The Compartment’s multi-manager approach focuses on absolute return-oriented portfolio managers who are typically independent, have proven performance record and whose interests are aligned with investors through co-investment in the CIS alongside their investors’ capital.

 

DELEGATION AGREEMENTS

The management of the following products, of which Global Selection SGR is the Management Company (AIFM), has been delegated to Belgrave Capital Management Ltd, a company within the Banca del Ceresio Group:

SELECTION HOLDINGS S.A., SICAV-FIAR

The AIF is a multi-compartment open-ended collective investment undertaking reserved to professional investors, established in the form of an investment company with variable capital under Luxembourg law, pursuant to the Luxembourg Law of 23 July 2016 on RAIFs, with registered office in Rue de la Poste 20, L-2346 Luxembourg.

The structure of the EU AIF currently includes the following compartments:

• Selection Holdings - Atlantic Selection;

• Selection Holdings - Pacific Selection;

• Selection Holdings - China Selection.

All compartments pursue an investment policy that aims to generate long-term returns, primarily through investment in other CIS.

Selection Holdings - Atlantic Selection aims to achieve long-term capital appreciation by allocating its assets among portfolio managers that utilize a range of investment strategies, primarily focused on long-short equity. In particular, the Compartment seeks to achieve its objective by investing most of its assets in CIS investing globally. The Compartment’s multi-manager approach focuses on absolute return-oriented portfolio managers who are typically independent, have proven performance record and whose interests are aligned with investors through co-investment in the CIS alongside their investors’ capital.

Selection Holdings - Pacific Selection aims to achieve long-term capital appreciation by allocating its assets among portfolio managers that utilize a range of investment strategies, primarily focused on long-short equity. In particular, the Compartment seeks to achieve its objective by investing most of its assets in CIS principally investing or based in Asia. The Compartment may also invest in CIS whose managers are based in Asia, but invest globally. The Compartment’s multi-manager approach focuses on absolute return-oriented portfolio managers who are typically independent, have proven performance record and whose interests are aligned with investors through co-investment in the CIS alongside their investors’ capital.

Selection Holdings - China Selection aims to achieve long-term capital appreciation by allocating its assets among portfolio managers that utilize a range of investment strategies, primarily focused on long-short equity. In particular, the Compartment seeks to achieve its objective by investing most of its assets either in CIS principally investing or based in Greater China (i.e., mainland China, Hong Kong and Taiwan). The Compartment may also invest in CIS whose managers are based in Greater China, but invest globally. The Compartment’s multi-manager approach focuses on absolute return-oriented portfolio managers who are typically independent, have proven performance record and whose interests are aligned with investors through co-investment in the CIS alongside their investors’ capital.

For more information, visit the dedicated site https://www.selectionfunds.com

 

 

NAV at 30.06.2021

Description ISIN TKR Bloomerg Valore Quota
Global Managers Selection Fund (classe A) IT0003407100 GMSFUND IM Equity 1.152.818,331 €
Global Managers Selection Fund (classe I) IT0004399579 GMSFUND IM Equity 863.402,959 €
Global Managers Selection Fund (classe D) IT0004953722 GMSFUND IM Equity 814.603,507 €
China Managers Selection Fund (classe A) IT0004268295 GSASMSA IM Equity 701.540,941 €
China Managers Selection Fund (classe I) IT0004399678 GSASMSA IM Equity 869.793,524 €
China Managers Selection Fund (classe D) IT0004953755 GSASMSA IM Equity 459.973,218 €

The NAVs of the funds:

Selection Holdings - Atlantic Selection;
Selection Holdings - Pacific Selection;
Selection Holdings - China Selection.

Are available at NAVs (selectionfunds.com)

Contacts

Global Selection SGR SpA
Via Tamburini, 13
20123 Milano (MI), Italia

Tel.: +39 02 3037 7301
Fax: +39 02 3037 7349
[email protected]