Klein & Reich
K&R SA, SICAV-RAIF
KLEIN & REICH
FINDING ALPHA
IN NICHES
Research. Returns. Results.
ABOUT US
K&R SA, SICAV-RAIF is a Luxembourg-based fund family for well-informed investors. The two founders, Daniel Klein and Florian Reich-Rohrwig launched K&R SICAV in 2017. K&R currently operates two funds in European and Emerging Markets, based on a successful strategy running since 2013. Current Assets under Management are EUR ~30m, primarily from family offices and HNWIs.
OUR BELIEFS
Our beliefs guide our investments
Markets are only partially efficient
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Academic research and proven factors guide the way to the most attractive investment opportunities
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Focus on less crowded parts of the market that large institutions cannot serve so well
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Outperformance by thinking and acting differently – implementation know-how and experience matter
Disciplined approach leads to success
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Long-term focus – do not judge the success of a strategy by weekly or daily results (these are mostly random)
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Discourage short-term investors to improve overall performance (lower liquidity and fewer transactions)
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Full alignment of interest between investors and managers (significant co-invest, incentives primarily out of performance fee)
Small is an advantage in certain parts of the market
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Play in niches that are too small or not attractive enough for large institutions
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Accept career risk (i.e., incur temporary under performance for stronger long-term gains)
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Avoid benchmark-hugging – be willing to deviate significantly from reference index (large tracking error or entirely benchmark-free)
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Manage assets rather than large organizations
OUR FUNDS
Best-in-class returns
FOUNDERS TEAM
DANIEL KLEIN
Founder & Executive Chairman
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Daniel is Managing Partner and co-founder of a boutique consultancy for family offices in Zurich
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Previously he was MD of a Single Family Office for 5 years
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5+ years of experience at Bain & Company with long-standing experience in the Bain Private Equity Practice
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Daniel holds a MSc in Management from London School of Economics and an MBA from INSEAD (with distinction)
FLORIAN REICH-ROHRWIG
Founder & Member Investment Committee
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Florian is Managing Director of a Single Family Office
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Previously, Managing Director Global Real Estate and MD Tactical Asset Allocation at a Single Family Office
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Previously Head of Investment Office of a multi-billion charity endowment
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Started career at McKinsey & Co. (7 yrs./ Associate Principal) in financial services, asset management and corporate finance
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Florian holds a Master plus PhD in Finance from University of St. Gallen, Switzerland