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Marcuard Heritage strives to protect and grow the assets of its clients so the assets can be passed on to the next generation.
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These documents are for informational purposes only and are not offering the opportunity to buy or sell any security or other investment. They are not addressed to any specific person and may not be used for any other purpose than pure information. No views are expressed regarding the suitability of discussed investments to the individual circumstances of a recipient.
Any form of duplication or reprinting of the texts and graphics contained herein, including the saving or use of optical or electronic data processing mediums are only permissible with the prior written approval of Marcuard Heritage. The utilization of these documents’ contents or any of their parts by unauthorized third parties is strictly prohibited.
For the Quarterly Investment Letters post Q03 2014 please visit: ALPINUM INVESTMENT MANAGEMENT