Antifragile investing

Managing assets in order to preserve wealth across generations and prosper through economic cycles

Noble Capital Management

We are an investment management company specialized in transforming volatility and uncertainty into opportunity. Through the years, we have developed a strong expertise on derivatives and precious metals, the roots of our antifragile approach.


Launching of NCM SA a Swiss Company, established in Geneva


Billion CHF assets under management


Obtaining the FINMA license for collective asset manager


Portfolio Management

Advisory services & managed accounts for UHNWI and Family Offices

Advisory    |    Discretionary    |    Execution

Fund Management

NCM Enhanced Physical Gold Macro Fund

A Swiss hedge fund providing an anti-fragile strategy in an increasingly unstable environment

NCM Global Equity Selection Fund

A flexible alpha generating approach through stock picking capabilities combined with sectorial and style rotations

NCM Fixed Income Opportunities Fund

An active strategy focusing on corporate bond special situation opportunities

the ability to improve from shocks and disorder

Nassim Nicholas Taleb

News & Insights

Market review Q2 – 2024

Market review Q2 – 2024

Dear Investors and Partners,It is highly misleading looking at equity returns in Q2 and year-to-date to conclude the investment environment was an easy ride. Indeed, market-cap weighted equity indices outperformed other asset classes in Q2. Year-to-date, the S&P...

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Market review Q1 – 2024

Market review Q1 – 2024

The strong momentum from the last two months of 2023 carried into 2024. The S&P 500 rose 10.2% in Q1, the best start to the year since 2019 and the 14th-best since 1926. Gains were broad-based, with all seven major MSCI country/region indices, all nine Russell...

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Market review Q4 – 2023

Market review Q4 – 2023

The narrative for much of 2023 was that a handful of mega-cap tech stocks were masking underlying weakness. For parts of the year, it was an accurate description. By early November, the median year-to-date return of eight broad asset classes was on pace to be negative for only the 10th time since 1972. The year-end rally changed the narrative. Not only did the S&P 500 surge 15.8% from its October 27 low into year end to bring its 2023 gain to 24.2%, but also gains were extraordinarily broad-based.

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NCM on LinkedIn

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