As the IMPower Fund Forum returns to Monaco, Anthony Stent-Torriani—founder and CEO of Monaco Asset Management, and Vice-President of AMAF—shares his perspective on why this event is key for the Principality. In this interview, he highlights Monaco’s positioning in the global investment landscape and the role of alternative strategies in its evolving financial ecosystem.
What are your main goals for participating in this year’s IMPower Fund Forum?
Our presence at IMPower this year is driven by two key objectives. First, it’s a highly valuable networking platform. This forum is business-to-business oriented, not consumer-focused, which is ideal for firms like ours. It brings together asset managers, fund promoters, institutional allocators, and investors from across the globe—from the U.S. and Europe to other regions. For MAM, this is an opportunity to connect, share ideas, and measure ourselves against international peers.
Secondly, and just as importantly, it’s a chance to promote Monaco as a jurisdiction. We want people attending to discover that the Principality hosts highly qualified professionals and a robust financial sector capable of engaging in global business. And for those few considering relocating, Monaco presents not just a tax-efficient destination, but a fully operational, vibrant financial ecosystem.
Have you participated in this forum before?
Yes, I have attended in the past, but I had taken a break in recent years. In hindsight, not being there was a strategic mistake—for both Monaco Asset Management and for AMAF. It’s important that we are visibly present and active in this kind of setting. This year marks a return with the clear intention to re-engage and contribute meaningfully.
You’ll be part of a panel discussion. What topics will you address?
I’ll be highlighting the vitality of Monaco’s financial environment, especially in the area of alternative investments. Many don’t realize that Monaco is home to professionals engaged in structured products, fund and asset management, brokerage, hedge funds, and private equity.
At MAM, our focus is heavily on alternatives—this is a key differentiator for us. I plan to present our experience in hedge funds and private equity, which form a substantial part of our activities. Other speakers on the panel will touch on different areas of the ecosystem, but my role will be to underline how active we are in managing alternative strategies from Monaco.
Could you tell us more about your alternative investment activity?
Absolutely. Our hedge fund arm is centred around IO Macro, a billion-dollar plus global macro fund managed out of Monaco. It has achieved excellent long-term performance with minimal correlation to traditional markets.
In private equity, we take a multifaceted approach. We allocate capital to funds, invest directly in companies, and engage in co-investments. A major initiative we’re proud of is our partnership with the Prince Albert II Foundation, with which we’ve launched a dedicated fund for ocean-related finance. So we are involved across the entire private equity spectrum, from primary and secondary funds to direct impact-driven strategies.
Who are you looking to connect with at the forum?
IMPower is geared toward institutional investors, which aligns perfectly with our interests. We’re here to listen and identify new strategies to integrate into our offering, but also to present our own funds. For instance, IO Macro—with a compounded annual performance above 15% and no market correlation—is particularly appealing to many institutions. The forum allows a two-way dialogue: we discover products and managers, and they discover us.
What trends do you see in the alternative investments space?
There’s a strong, ongoing shift toward private equity and private debt, particularly in Europe. It’s taken time for ultra-high-net-worth portfolios in Europe to catch up with the U.S., where it’s normal to have 20–30% in private equity. That transition is clearly underway now and impacting Monaco as well.
That said, Monaco is still relatively underrepresented in terms of local private equity managers. But that’s changing—we’re seeing more hedge fund and private equity managers setting up in the Principality, which is a very positive development for our financial sector.
Any final thoughts on Monaco’s positioning as a financial center?
Monaco is experiencing healthy growth. We are attracting new residents, which benefits the banking sector and wealth management firms. This translates into rising deposits and assets under management.
What’s really encouraging is that we have a government and regulatory bodies who are proactive and open to dialogue. They understand the importance of the finance sector, which accounts for 20% of Monaco’s tax revenues and employs just under 5,000 people. There’s strong political will to improve our competitiveness and attract more fund managers. Events like IMPower are vital platforms to communicate this message and invite global players to consider Monaco not only as a home but as a serious and well-structured financial hub.
