The purpose of the company is to research, develop and apply investment strategies and to make investments on its own account. The company may invest in all asset classes and conduct trading, financial and other transactions that are suitable for achieving the purpose of the company. Excluded from this are activities in the financial sector that require authorization. The company may establish branches in Switzerland and abroad, participate in other domestic and foreign enterprises, acquire or merge with similar or related companies, and enter into any business and conclude any contracts that are suitable to promote the purpose of the company or are directly or indirectly related thereto. It may acquire, manage, encumber and dispose of real estate, intellectual property rights and licenses of all kinds.