Q & A

CapitalatWork was founded in 1990 when a couple of young entrepreneurs joined forces and decided to offer their investment expertise to external clients. Since then the organization has grown into a solid group of about 110 people across 6 offices and 4 countries.  Still many people have questions about who we are, what we do, and how we do it.  Here are some answers about these basic questions about CapitalatWork.

1. Who are CapitalatWork’s shareholders?

Since February 2009 CapitalatWork is a member of the Foyer S.A. Group.  Foyer S.A, founded in 1922, is an established Luxembourg insurance company

2. When people ask us “How do you differentiate with other players on the market?”

We like to introduce ourselves with just 2 key messages:

First of all, we focus 100% on investment management.
We have only one core-activity and that is investment management, for private clients and for institutional clients. This is a very important difference with almost all other financial institutions, that operate a whole set of activities, often close to investment management. Think about investment banking, corporate finance or brokerage of financial instruments. We don’t have to waste energy monitoring all kinds of possible conflicts of interest, that inevitably need to be addressed when you are active in all those closely related activities.

Secondly, we apply a clear & consistent investment philosophy, which is called Value Investing: Essentially it means that we buy undervalued investments, and let time do its work to make the undervaluation disappear. This can only be achieved if you are not constrained by the terror of benchmarks. Value Investing has the ambition to differentiate between good investments and bad investments. As such, we are active, unconstrained, non-benchmark investors.

3. How well did you do in the past? Does your investment philosophy yield much profit?

To answer this question we like to refer to our many “awards” we received over the years for our fixed-income and equity funds from various external and well-known organizations.  You can find these in the “Funds” section of this website.  The various independent ratings and graphs you can find on each “fund fact sheet” do also illustrate the consistent application of our investment philosophy and the positive evolution and performances achieved overall.  For more specific questions about the performance of our investment philosophy please don’t hesitate to contact us.

4. Which services do you provide besides investment management?

At CapitalatWork not only are we able to provide you with a tailor-made investment portfolio, we also offer you Estate Planning advice. Our team of experts can assist you with efficient capital structuring in terms of personal or corporation tax as well as in terms of the transfer of capital to your inheritors.

5. Is there a minimum capital required to become a client?

There is a minimum capital of 250.000 € required to become a client at CapitalatWork.

6. How will I hear about my portfolio’s performances? 

Investments are done in total transparency as our clients receive clear account statements and information about their investments on a regular basis. Clients’ accounts and information about our investment activities are at all times available via our website.

7. Do you also use third party funds?

We only use our own funds, which are exclusively managed by our in-house competence. On the other hand, our funds are being used by third parties.

8. How do I become a client at CapitalatWork?

Investing with CapitalatWork is very simple. In all our offices, clients can open an account (just like in any bank), put money on their account and we’ll invest it wisely according to our investment philosophy and the guidelines agreed upon with the client. It is that simple!
At any moment clients can ask us to free-up parts or the totality of their capital invested with us.

9. Is my capital safe with CapitalatWork?

CapitalatWork Group is supervised by the Luxemburg CSSF on a global consolidated basis, and also by the CSSF, the CBFA in Belgium, the AFM in the Netherlands and the ASG in Switzerland.
Investment companies like CapitalatWork are generally required to comply with two sets of rules:


  • The strict segregation of our company’s investments from our clients’ investments.
    The segregation of our clients accounts is designed to make sure our clients’ investments are kept out of bankruptcy proceeding in a worst case scenario.
  • The regulation of the level (the adequacy) of required equity in function of our liabilities.
    “Adequacy ratios” mean that, on a daily basis, CapitalatWork must have the minimum level of required equity in function of the investments and liabilities we carry.

Furthermore, we have our accounts thoroughly audited by an independent auditing company. Since 1998 this job is being performed by PriceWaterhouseCoopers in Luxembourg, Belgium and Switzerland and also for our funds.
Finally, we have hired an experienced internal auditor to perform the internal audit of our group as well as a specialized officer to supervise CapitalatWork’s compliance with all relevant laws, rules and regulations. Independently, and as a complement to all existing security measures, we have decided to insure ourselves against risks which are particularily difficult to apprehend like mischief and fraud, including electronic fraud.