Meridian Capital — Annual Report · 2025 02 / 15
2025 in Review
Four quarters, four different markets — and one way of working through them. 2025 took Meridian Capital from the opening of its first Asian office to the strongest quarter of inflows in its history, by way of the sharpest volatility since 2022. What follows is the year as our clients experienced it.
The shape of 2025
Singapore opens
Our fourth office and first in Asia. Eight colleagues relocated from Geneva and Zurich to serve institutional clients across the region from day one.
Climate-transition strategy launches
The new strategy raised CHF 420 million from institutional investors, extending a responsible-investing practice that has excluded coal since 2019.
Steady hands in a loud quarter
When trade-policy headlines drove the sharpest volatility of the year, we wrote to every client within 48 hours. No fund suspended, no forced selling — and portfolios were rebalanced into the weakness.
A record year closes
Net new money reached CHF 3.6 billion for the year — the strongest in our history — with the fourth quarter alone contributing CHF 1.2 billion.
What the year delivered
3.6 CHF billion
Net new money in 2025 — nearly double the prior year and a record since our foundation in 1998.
Audited figures as at 31 December 2025
How we read the markets
Equity strength, a loud third quarter and a stubbornly strong franc — the market review sets out what moved portfolios in 2025.
Market review