History

The Foglia family has a long tradition in the financial sector, which dates back to 1919, when Antonio Foglia (1891-1957) started an asset management, currency trading and securities brokerage business with a distinct international emphasis. At the end of World War II he was appointed chairman of the Milan Stock Exchange.

Antonio’s sons Giambattista and Alberto expanded the family’s brokerage business in Milan and founded Banca del Ceresio in Lugano in 1958 to better follow their clients’ international interests. Today the Group is represented in Italy by Ceresio SIM established in 2006 which provides private  banking and security dealing services, Global Selection SGR specialising in the management of Funds of Hedge Funds, and Eurofinleading, a fiduciary nominee.

In 1999 Banca del Ceresio acquired Belgrave Capital Management,a London based Investment Manager regulated by the Financial Services Authority, to expand its manager research and asset management capabilities.

The investment philosophy of the Group has always been focused on the client's best interest, emphasizing conservative values of prudence, liquidity and avoidance of conflict of interest but also of excellence in professional skills.

In the quest for excellence the Group has been among the world pioneers in outsourcing specialised portfolio management to the world most talented independent money managers and has been investing in hedge funds since the early sixties.

Pursuing his research and selection efforts, Alberto Foglia met George Soros in 1963 becoming one of the original members of the Board of Supervisory Directors of Quantum Endowment Fund*, served as chairman from 1987 till 2003 and is now its Chairman Emeritus.

In addition to developing its own Funds of Hedge Funds the Group was and is also co-advisor of Haussmann, and of Leveraged Capital Holdings, both among the oldest and best performing funds of hedge funds in the world.

The Family’s tradition continues with the third generation represented by Alberto’s sons Antonio, Giacomo and Federico who are dedicated to upholding the Group's values.