OHP Unternehmerfonds
Investing like an entrepreneur. The fund invests exclusively in listed companies that are run by their owners – companies whose leaders have their own capital at stake.
Investment process
Aligned interests
When management holds significant stakes, the interests of owners and shareholders are largely aligned.
Long-term thinking
Owners think in generations rather than quarters, with a focus on sustainable investment and organic growth.
Entrepreneurial freedom
Short decision-making paths and clear responsibilities enable entrepreneurial action.
¹ Steven Wood (2025): Owners vs. agents: A global examination of the behavior of owner operators
² Jochim G. Lauterbach (2025): Family firms, founders, and the cross-section of stock returns
³ Ulf von Lilienfeld-Toal (2014): CEO ownership, stock market performance, and managerial discretion
The owner effect
Those who hold a significant stake in their own company bear the consequences of their decisions directly. Academic studies have examined this relationship for years and find indications that owner-managed companies have outperformed over long periods.¹ ² ³
01
Clear focus
A UCITS fund that invests exclusively in listed, owner-managed companies.
02
Circle of competence
We only invest in companies whose products, services and stakeholders we understand.
03
Small & mid caps
A focus on smaller and medium-sized companies outside the major indices and broad analyst coverage.
04
Concentrated portfolio
A manageable number of carefully selected positions within UCITS limits, not tied to a benchmark.
05
Not a thematic fund
The mandate spans themes, sectors and countries. What matters is quality and owner management.
06
Skin in the game
The management of Ott, Hagen & Partner is personally invested in the fund.
What sets the fund apart
Step 1
Screening
A universe of listed companies with an owner stake of more than 20%.
Step 2
Analysis
Business model, stakeholders and a factor-based valuation.
Step 3
Building positions
Gradual entry depending on market conditions and the liquidity of the stock.
Step 4
Monitoring
Ongoing review of fundamentals and ownership structure.
Liquidity management
Position sizes are based on a stock’s tradability, so that redemptions can be met at all times.
Clear rules
Transparent investment rules and risk management in line with UCITS guidelines.
Let’s talk
Documents and current figures
The prospectus, key information documents (PRIIPs KIDs), annual and semi-annual reports, factsheets as well as current prices and costs are provided by the management company.
We would be pleased to present the fund and our approach to you in person.
Ott, Hagen & Partner AG
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