The management of portfolios within the meaning of Article 17, paragraph 1 of the Financial Institutions Act, financial management assistance, financial and commercial participations and transactions, as well as the trade, representation, marketing and brokerage of products. Furthermore, the company may carry out all commercial, financial or securities transactions directly or indirectly related to its purpose. The company may establish subsidiaries or branches in Switzerland and abroad and participate in other companies in Switzerland and abroad and/or acquire participations in other companies in Switzerland and abroad, excluding participations in any company whose purpose is the acquisition of real estate in Switzerland, subject to notification to the Swiss Financial Market Supervisory Authority (FINMA).