Completed three degrees (mag.rer.soc.oec) at Leopold Franzens University in Innsbruck, with one year at Marquette University in Milwaukee, Wisconsin (USA). Awarded many academic honours. Research into experimental economics. Responsible for setting up and expanding BENDURA FUND MANAGEMENT ALPHA AG (formerly Valartis Fund Management (Liechtenstein) AG). As CEO entrusted with heading up fund design, internal process optimization and client relationship activities. Significant responsibility for the departments fund administration, IT and compliance. Franz Glatzl’s other positions include managing partner at VFM Mutual Fund AG & Co. KG and CEO of VFM Mutual Fund AG. He has many years of experience working on international projects with institutional investors and high net worth individuals.

Dr.iur and Mag.rer.soc.oec. of the Leopold Franzens University of Innsbruck and Chartered Financial Analyst of the CFA Institute. After his studies Walfried Kraher had several managing positions with focus on finance, risk control, business development and project management and has a more than 10 years professional experience in the international banking industry. At BENDURA FUND MANAGEMENT ALPHA AG (formerly Valartis Fund Management (Liechtenstein) AG) Dr. Kraher is entrusted with heading up accounting, controlling, risk control and fund administration as well as staffing. Additionally he is a member of the Executive Board of VFM Mutual Fund AG.