The case briefly reviews the attempt to resurrect a Swiss national carrier after the failure of Swissair and the problems around rebranding. It also looks at the difficulty of integrating two disparate corporate cultures (Swissair and Crossair). Issues of funding, optimal size and forming alliances in a highly competitive market are also considered. It tells the story of how, despite the efforts of Swiss business leaders and politicians, the new venture was not successful and ultimately sold to Lufthansa.
CFOs and the CSRD: A strategic opportunity for resilient growth
Summary
More than simply a compliance exercise, sustainability reporting regulations offer a chance to develop and strengthen your business, says IMD’s Salvatore Cantale
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Can you TWINT it? - Customer NeedsSøren Mose
Summary
Søren Mose transformed TWINT into Switzerland's leading mobile payment app through strategic execution, belief, and a focus on customer needs, driving its success.
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Informal Micro-Businesses - Digital Technology - Esther Salvi
Summary
Digital tech, established businesses, and governments can combine to help bridge formal and informal supply chains.
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Companies need a first-rate geopolitical radar
Summary
Ten years from now, we’ll know which companies best navigated geopolitics. And the hunt will be on for enduring lessons. Which firms made the smartest adjustments to their global commercial footprint by exiting certain markets, doubling down on ot...
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Alternative exit options for VC funds, with Liz Campbell
Summary
Founded in 1994, Portfolio Advisors is an experienced private markets manager with dedicated primary, secondary, co-investment, real estate and direct credit teams. In 2023, Portfolio Advisors combined with FS Investments, a pioneer in the democra...
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Brookfield Asset Management Catalytic Transition Fund
Summary
Brookfield’s Catalytic Transition Fund is a case study in how the financial industry can spearhead sustainable development. Brookfield Asset Management announced an initial closing of $2.4 billion for the Catalytic Transition Fund, marking a significant milestone toward the target of raising up to $5 billion for deployment to clean energy and transition assets in emerging markets. $1 billion of capital was provided by ALTÉRRA, the world’s largest private investment vehicle for climate finance based in the United Arab Emirates, with the purpose of mobilizing investment at scale to finance a new climate economy. The fund is focused on deploying capital into clean energy and transition assets in emerging markets in South and Central America, South and Southeast Asia, the Middle East, and Eastern Europe. This strategic partnership will help drive clean energy investment into emerging markets, where investment needs to increase sixfold over current levels to reach the $1.6 trillion required annually by the early 2030s in line with global net zero targets.
Reference
IMD-2652
Copyright
©2024
Copyright owner
IMD Copyright
Organization
Brookfield Asset Management
Industry
Finance and Insurance, Private Equity
Available Languages
English
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The knowledge bank: an essential guide to venture capital
Summary
Explore top books, websites, and podcasts recommended by IMD expert Jim Pulcrano for anyone venturing into or exploring venture capital, from entrepreneurs to investors.
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Down under the data: LPX explores listed private equity
Summary
LPX AG, founded in 2004 by Michel Degosciu and Robin Jakob, is a leader in listed alternatives, focusing on listed private equity (LPE) and listed infrastructure. With its pioneering LPX Listed Private Equity Index series and NMX Infrastructure Index series, LPX provides essential benchmarks and innovative index-linked products used globally by asset managers. In February 2024, Michel returns from a skiing holiday, ready for a pivotal business trip to Sydney. He will meet with an investment advisory firm interested in developing new financial products based on LPX’s flagship indices, LPX50 and LPXBO. This meeting is crucial for enhancing LPX’s global market presence. Michel anticipates rigorous scrutiny from the Sydney analysts on the risk metrics and performance of LPE stocks. He plans to present a detailed analysis, showing when LPE stocks excel and underperform, integrating comprehensive risk factors for a nuanced understanding. The LPX50 Index captures the performance of the 50 largest LPE companies worldwide, while the LPXBO Index focuses on buyout strategies. Both indices have demonstrated superior long-term performance compared to the MSCI World Index, though with higher volatility. Michel's analysis reveals that LPX indices offer risk-adjusted returns comparable to the MSCI World Index. Employing the capital asset pricing model (CAPM) and a six-factor model, Michel quantifies the indices’ market risks and performance drivers, showcasing LPX’s sophisticated analytical capabilities. His goal is to demonstrate LPX’s expertise and the compelling investment potential of LPE, aiming to attract global investors and solidify LPX's reputation for future growth.
Reference
IMD-7-2583
Copyright
©2024
Copyright owner
IMD Copyright
Organization
LPX Group
Industry
Finance and Insurance, Financial Services
Available Languages
English
Contact
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The rules of VC, with David Clark CIO at VenCap International
Summary
As CIO at VenCap, David Clark leads the Investment Team, developing the firms’ investment strategy, fund identification, selection and monitoring. Founded in 1987, Vencap is one of the longest-established investment management and advisory firms a...
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Navigating climate-related financial risks
Summary
Climate change is no longer just an environmental issue but also a critical financial risk that demands immediate attention from business leaders, investors, lenders, and insurers alike. The increasing frequency and severity of climate-related eve...
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