i.The risk budget
Your equity allocation lives inside the AnlV risk-capital quota — scarce headroom set by regulation and by what a stress test may consume, not by return appetite. A structure with a put protection per index changes what the same quota costs in stress capacity: the tail is addressed in advance rather than assumed in a committee's nerve.
ii.Staying invested through the cycle
Recovery years do the compounding, and they follow the crisis years without an invitation. The Guard is built with the aim of making the worst stretches survivable — for the funding ratio and for the board — so the allocation can still be there when the recovery arrives.
iii.Accountability
A UCITS with daily NAV, documented systematic rules, an advisory board of academics and senior practitioners, and founders who answer due-diligence questions themselves. Everything about the structure is designed to be explained to a supervisory board in one sitting.
| Quota monitoring | On request, look-through data for AnlV quota monitoring can be made available — down to position level, aligned with your consultants’ formats. |
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| Stress testing | Data packs supporting BaFin stress tests and scenario work are possible on request. |
| IORP II | Documentation of mechanism, limits and governance can be provided for your risk-management function and own-risk assessment (EbAV II). |
| Corporate plans | For Pensionsfonds and CTAs, IFRS-aligned data can be prepared on request so IAS 19 plan-asset effects and funding-level dashboards can be modelled — a guarded sleeve beside the LDI book. |
| Eligibility | Luxembourg UCITS (Part I), registered for distribution in Luxembourg, Germany and Austria — the fund category your investment guidelines already know. |
| Dialogue | Founder-led sessions with your investment committee and consultants are available on request — including access to the model documentation if desired. |
Cycles are terrain. We cross them prepared — and in your reporting formats.
Request fund information Your enquiry reaches the founders directlyPhotograph: London skyline by "It's No Game", CC BY 2.0, via Wikimedia Commons. Marketing communication for professional investors. No offer or investment, regulatory or tax advice; the treatment of an investment under your applicable investment regulation (e.g. AnlV, VAG or scheme-specific guidelines) must be assessed by the investor — QI provides transparency and data for that assessment. Subscriptions only on the basis of the prospectus, PRIIPs KID and latest report of 1st IQ SICAV — QI Global Guarded Equity. The Guard mechanism reduces risk but is no guarantee against losses; capital loss is possible.
Investment advice according to section 2 para. 2 no. 4 German Wertpapierinstitutsgesetz (WpIG) and investment brokerage according to section 2 para. 2 no. 3 WpIG shall be made on behalf of, in the name of, for the account and under the liability of the responsible legal entity BN & Partners Capital AG, Steinstraße 33, 50374 Erftstadt, according to section 3 para. 2 WpIG. BN & Partners Capital AG has a corresponding license from the German Federal Financial Supervisory Authority (BaFin) in accordance with section 15 WpIG for the prenamed financial services.