Bellatrix Asset Management

What Bellatrix Asset Management does

Bellatrix Asset Management S.A. is a fully licensed Luxembourg Management Company (ManCo), regulated by the Commission de Surveillance du Secteur Financier (CSSF) under Chapter 15 of the Law of 17 December 2010, that manages UCITS and AIFMD vehicles across Europe. The firm runs a product platform built around the ARCHEA family of SICAV funds — seven vehicles covering European equities (ARCHEA Europe), Swiss-American equities (ARCHEA Nordam), multi-region equities (ARCHEA Patrimoine), global equities (ARCHEA GlobIQ), Asia-Pacific technology (ARCHEA Asia Innovators), Euro-denominated bonds (ARCHEA Bond Selection), and global convertible bonds (ARCHEA Convertible Bond Fund). Beyond listed funds, Bellatrix provides fund administration, legal and corporate services, distribution and marketing support, governance and oversight, discretionary portfolio management for high-net-worth individuals, and life insurance structuring, all under one regulated Luxembourg entity.

On the technology layer, Bellatrix offers a next-generation wealth management platform that combines AI-powered analytics for personalized investment strategies and real-time data with AI-driven compliance and risk oversight tooling. Sub-advisory expertise is plugged in through specialist partners (Harvest for ARCHEA Convertible Bond; PMW Asset Management for ARCHEA Bond Selection) and the firm's bank distribution network — including Credit Suisse, UBS, Vontobel, LGT, Pictet, VP Bank, Julius Baer, and Zurcher Kantonalbank — provides reach into Swiss, Luxembourg, Belgian, Danish, and French markets via EU passporting.

The business model is built on recurring management fees on ARCHEA SICAVs, discretionary portfolio management fees, fund administration fees (NAV, reporting, filings), and professional services for fund structuring, EU passporting, and corporate secretarial work. Bellatrix targets institutional investors, external asset managers, fund promoters, and high-net-worth individuals, with leadership headed by Enrico Mela (CEO & Board Member). The entity operates with 1–10 employees, is headquartered in Luxembourg, and has been a subsidiary of PMW Holdings since the 2012 acquisition that combined its Luxembourg-licensed infrastructure with the parent's Swiss private banking pedigree.

Name

Bellatrix Asset Management

Legal name

Bellatrix Asset Management S.A.

Website

https://bellatrix.lu

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

1–10 employees

Short description

Bellatrix Asset Management is a Luxembourg-licensed Management Company (ManCo) running seven ARCHEA-branded UCITS and AIF funds and offering fund administration, investment management, and cross-border distribution services to institutional investors, asset managers, fund promoters, and high-net-worth individuals across Europe.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Asset Mutual Funds & UCITS (Balanced/Allocation Funds) (FSAAAJAA)

akta.pro secondary industries

AML/KYC, Investor Onboarding & Compliance Services (FSAAAMAE), Private Banking Advisory & Discretionary Portfolio Management (FSABADAD)

Keywords

• Asset management services
• UCITS fund management
• Portfolio management solutions
• Wealth management advisory
• Fund administration services

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Fund Management Fees: Management fees from managing UCITS and AIF funds including ARCHEA Europe, ARCHEA Nordam, ARCHEA Patrimoine, ARCHEA GlobIQ, ARCHEA Asia Innovators, ARCHEA Bond Selection, and ARCHEA Convertible Bond Fund.
2. Fund Administration Services: NAV calculation, investor reporting, financial record maintenance, and regulatory filing services for fund clients.
3. Legal & Corporate Services: Fund structuring, cross-border registration with EU passporting, and corporate secretarial services under Luxembourg legal framework.
4. Discretionary Portfolio Management: Tailored investment management services where experts manage investments based on client risk profile, goals, and preferences.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Bellatrix Asset Management is a Luxembourg-licensed Management Company (ManCo) that manages UCITS and AIF investment funds under the ARCHEA brand and provides institutional fund administration, portfolio management, risk management, legal/corporate services, and cross-border distribution with EU passporting. The firm serves institutional investors, asset managers, fund promoters, and high-net-worth individuals through seven Luxembourg SICAV funds and a suite of ManCo services.

Product overview

Bellatrix Asset Management is a Luxembourg-based Management Company (ManCo) offering a comprehensive suite of fund management products and services. The core product portfolio consists of seven ARCHEA-branded investment funds: ARCHEA Europe (European equities), ARCHEA Nordam (Swiss-American stocks), ARCHEA Patrimoine (multi-region equities), ARCHEA GlobIQ (global diversified), ARCHEA Asia Innovators (Asia-Pacific technology), ARCHEA Bond Selection (Euro bonds), and ARCHEA Convertible Bond Fund (global convertibles). These funds are complemented by three service modules: Investment Management Solutions (portfolio management and risk management), Fund Operations & Administration (fund administration and legal services), and Market Expansion & Compliance (distribution/marketing and governance/oversight). The company operates as a licensed ManCo regulated by CSSF, providing UCITS and AIFMD fund management with EU passporting capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• ARCHEA: Fund family managed by Bellatrix including ARCHEA Europe, ARCHEA Nordam, ARCHEA Patrimoine, ARCHEA GlobIQ, ARCHEA Asia Innovators, ARCHEA Bond Selection, and Archea Convertible Bond Fund - SICAV funds incorporated under Luxembourg law for capital appreciation and wealth preservation.

Products and services

• ARCHEA Europe Luxembourg SICAV fund targeting capital appreciation through investments in European equities for institutional and retail investors seeking European market exposure.
• ARCHEA Nordam Luxembourg SICAV fund focused on capital growth through U.S. value and growth stocks, blending Swiss stability with American equity opportunities.
• ARCHEA Patrimoine Investment fund offering diversified exposure to Swiss, European, and North American equities for wealth preservation and growth.
• ARCHEA GlobIQ Luxembourg open-end fund seeking long-term capital gains through a diversified portfolio across global markets.
• ARCHEA Asia Innovators Luxembourg SICAV fund aiming for capital growth through investments in small-mid cap technology and innovative companies across the Asia-Pacific region.
• ARCHEA Bond Selection Luxembourg SICAV fund providing medium to long-term capital appreciation through investments in Euro-denominated bonds, sub-advised by PMW Asset Management AG.
• ARCHEA Convertible Bond Fund Global fund seeking long-term capital appreciation through a globally diversified portfolio primarily composed of convertible bonds, managed by Harvest with Bank of Luxembourg as depositary.
• Discretionary Portfolio Management Tailored discretionary portfolio management service where Bellatrix experts manage investments based on client risk profile, goals, and preferences with continuous optimization and proactive adaptation to market shifts.
• Fund Administration Fund administration service covering NAV calculation, investor reporting, cash flow monitoring, and financial record maintenance for fund clients.
• Distribution & Marketing Cross-border fund distribution service leveraging EU passporting along with investor-focused marketing strategies to enable fund expansion across European markets.

Quantifiable outcome

• Trusted relationships with 12+ leading banks including Zurcher Kantonalbank, Vontobel, Credit Suisse, UBS, LGT, VP Bank, and others.
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

21 partnerships are on record, tiered core and strategic.

• Zurcher KantonalbankcoreChannel Partner/ Reseller/ DistributorTrusted banking partner providing fund distribution services. Zurcher Kantonalbank is a leading Swiss cantonal bank with extensive private banking capabilities.
• VontobelcoreChannel Partner/ Reseller/ DistributorTrusted banking partner. Vontobel is a Swiss private bank specializing in asset management and investment solutions.
• Credit SuissecoreChannel Partner/ Reseller/ DistributorTrusted banking partner for fund distribution. Credit Suisse offers comprehensive financial services globally.
• VP BankcoreChannel Partner/ Reseller/ DistributorTrusted banking partner specializing in asset management and wealth management services for international clients.
• LGTcoreChannel Partner/ Reseller/ DistributorTrusted banking partner. LGT is a global private banking and asset management group headquartered in Vaduz, Liechtenstein.
• UBScoreChannel Partner/ Reseller/ DistributorTrusted banking partner. UBS is a global financial services firm and the largest bank in Switzerland.
• BGL BNP ParibascoreChannel Partner/ Reseller/ DistributorTrusted banking partner in Luxembourg offering comprehensive banking and financial services.
• BIL (Banque Internationale à Luxembourg)coreChannel Partner/ Reseller/ DistributorTrusted banking partner. BIL is a major Luxembourg bank serving retail, private, and corporate banking clients.
• Julius BaercoreChannel Partner/ Reseller/ DistributorTrusted banking partner. Julius Baer is a leading Swiss private banking group focused on wealth management.
• SpuerkeesscoreChannel Partner/ Reseller/ DistributorTrusted Luxembourg banking partner (Banque et Caisse d'Epargne de l'Etat).
• BDL (Banque de Luxembourg)coreChannel Partner/ Reseller/ DistributorTrusted Luxembourg banking partner serving institutional and private clients.
• PictetcoreChannel Partner/ Reseller/ DistributorTrusted banking partner. Pictet is one of Switzerland's largest private banks, specializing in wealth management and asset management.
• Danske BankcoreChannel Partner/ Reseller/ DistributorTrusted banking partner. Danske Bank is a major Nordic financial services group operating in Denmark and internationally.
• PuilaetcocoreChannel Partner/ Reseller/ DistributorTrusted banking partner in Luxembourg, now part of the Degroof Petercam group.
• EFAcoreChannel Partner/ Reseller/ DistributorTrusted European banking partner serving institutional and private clients.
• Phoenix Solutions Luxembourg SàrlcoreImplementation/ SI/ Consulting PartnerInternal auditor ensuring compliance and transparency. Collaborates with Bellatrix for regulatory compliance and internal audit services.
• PwCcoreImplementation/ SI/ Consulting PartnerExternal auditor providing independent audit services. Ensures financial transparency and regulatory compliance for Bellatrix operations.
• MG FinancestrategicStrategic or Co-development PartnerStrategic partnership established in 2013 to deliver innovative financial solutions, leveraging shared expertise for client success.
• HarveststrategicTechnology or IntegrationFund management company responsible for managing the ARCHEA Convertible Bond Fund. Provides specialized convertible bond investment expertise.
• PMW Asset Management AGstrategicTechnology or IntegrationSub-advisor for ARCHEA Bond Selection fund, contributing specialized bond management expertise and investment strategies.
• Bank of LuxembourgcoreImplementation/ SI/ Consulting PartnerDepositary bank for ARCHEA Convertible Bond Fund, providing custody and safekeeping services for fund assets.

Scale indicators3 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Vontobel Asset Management: Vontobel is a Swiss-listed private banking and asset management group with a significant Luxembourg and European fund presence. It is a broad incumbent comparable to Bellatrix in product mix (equities, fixed income, convertibles) and is also one of Bellatrix's named banking/distribution partners.
• UBS Asset Management: UBS Asset Management is a global asset manager offering UCITS funds, AIF structures, and wealth management services through UBS's private banking network. As one of Bellatrix's named distribution partners, it is a broad incumbent that both competes with and distributes Bellatrix's ARCHEA funds.
• Pictet Asset Management: Pictet is a Swiss private banking and asset management group with extensive Luxembourg SICAV/UCITS offerings and European distribution. It overlaps with Bellatrix in European equities, global, and fixed income mandates, and is also a listed distribution partner.
• Allianz Global Investors: Allianz Global Investors is a large European-headquartered asset manager with a broad Luxembourg SICAV/UCITS range spanning equities, multi-asset, and fixed income. It is a broad incumbent competing for the same European institutional and distribution shelf space as the ARCHEA family.
• J.P. Morgan Asset Management: J.P. Morgan Asset Management is a global asset manager with deep Luxembourg UCITS capabilities and significant European private banking distribution. It is a broad incumbent competitor that operates across the same UCITS, AIF, and discretionary portfolio management space Bellatrix addresses, though at vastly greater scale.

Direct peers

• Moventum: Moventum is a Luxembourg-based ManCo and distribution platform providing UCITS fund services and cross-border distribution to private banks and wealth managers across Europe. It is a relevant comparable for Bellatrix's ManCo-plus-distribution model.
• Carne Group: Carne Group is one of the largest specialist ManCos in Luxembourg and Dublin, providing UCITS/AIF management company services, fund governance, risk, and distribution support. It is the closest direct competitor to Bellatrix in offering outsourced ManCo infrastructure to third-party asset managers and fund promoters across Europe.
• Acolin Fund Services: Acolin is a Swiss-headquartered fund services platform with strong Luxembourg operations, providing ManCo, AIFM, portfolio management, and cross-border distribution services across Europe. It competes directly with Bellatrix for third-party fund promoter mandates and European passporting business.
• LRI Group: LRI Group is a Luxembourg-based ManCo and AIFM providing fund management, risk, compliance, and distribution support to third-party managers across Europe. It is a direct competitor to Bellatrix in the Luxembourg outsourced ManCo segment.
• FundRock Management Company: FundRock (formerly known as Dexia Management Company and other rebrandings) is a leading European third-party ManCo authorised in Luxembourg, Ireland, and the UK. It offers fund structuring, portfolio management oversight, risk, compliance, and distribution services to a wide range of asset managers, mirroring Bellatrix's end-to-end ManCo value proposition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bellatrix Asset Management