By Lucilla Cerioli

US to zero growth by September.

US to zero growth by September.

The US stock market’s quarterly earnings period has now come to a close, and in summary it can be seen that profits overall rose by 4.3%. However, excluding the top seven well-known companies, the rest of the market shows a decline of around 2%, confirming the fifth consecutive quarter of profit contraction for 99% of listed companies. All this is happening against a ‘official’ backdrop of economic growth, rising consumption, full employment and generalised price increases by Corporate America. 

Too many things don’t add up…

Photo Credits: Nik Shuliahin – Unsplash

Click here to read the in-depth study by Maurizio Novelli, Lemanik’s Italian stock manager: https://urly.it/3_x90

Maurizio Novelli

With more than 35 years of experience in portfolio management and proprietary trading, Maurizio Novelli trained at the International Financial Program at Princeton, with an MBA in International Finance and a Master in Economics at Bocconi University. In 2007 he launched one of the first Luxembourg UCITS funds with a Global Macro strategy, of which he is currently the Senior Portfolio Manager, boasting one of the longest track records in the asset class. In-depth knowledge of global macroeconomics and international monetary economics are the cornerstones of his portfolio management. Maurizio is Vice Chairman of Lemanik Invest SA and has been a member of the ASG (Swiss Association of Asset Managers).

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We are looking for a Senior Fund Risk Officer to join the AIFs Team.
Your mission will consist in being in charge of managing the Risk Management framework of several AIFs clients.

Your role

  • Assist the AIFs team in the implementation of the Risk Management Framework
  • Production of periodical reports
  • Perform risk assessment for existing and new AIFs, determination of risk profile, risk limits (market, credit, liquidity, counterparty, operational) at fund and investments level
  • Monitor the AIFs in DOMOS (AIFs control and reporting tool) and ensure data accuracy
  • Support the Head of Risk in various Risk Management topics
  • Review the existing risk framework (regulatory and internal requirements) in close cooperation with other departments
  • Monitor the liquidity of AIFs and perform stress tests
  • Provide regular updates to the Head of Risk and the governing body
  • Ensure that the general investment policy, the investment strategies and the risk limits of each AIF are properly implemented and complied with 

Skills required

  • Master’s degree in Engineering, Finance, Mathematics or related fields.
  • Have minimum 2 years of relevant risk senior position in the illiquid strategies
  • Have good knowledge and understanding of the Luxembourg fund industry and AIFM regulations
  • Have strong knowledge on various strategies (Real Estate, Private Equity, Private Debt…)
  • Ability to work autonomously and demonstrate initiative
  • Fluent in English any other language will be an asset


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