Isak Mosbacher, who simultaneously serves as “relationship manager” for both Beck Asset Management and Beck Verwaltungen, declined to comment.
Beck’s company and that of his two sons are independent from one another, Milne wrote in an e-mail. And the two firms share space because it’s cost-efficient, he said.
“While the office space is a shared office, the advisory businesses are completely independent, i.e., independent investment committees, separate IT systems with firewall protections, separate archiving,” Milne said.
“Yes, they are his sons; yes, they share common office space,” he said. “But none of that concludes, therefore, Mr. Beck is doing his old U.S. business.”