Analytical Research was founded ten years ago by a maverick: Jean-Stéphane Lods, known to many as Stephan.


Stephan was a true pioneer in hedge fund investing with more than half of his 40+ years in finance devoted to alternatives.

A forward thinker, he combined his remarkable passion, incredible energy and expertise in hedge funds and the alternative space with his own unique style.

Prior to founding Analytical Research, Stephan was Co-founder of Eurogestion & Partners S.A. (EG) and Founding Partner of Bucephale Group. He held numerous investment roles with premier institutions including CreInvest AG, the first listed company on the Zurich Stock Exchange to invest in hedge funds, Union Bancaire Privée and Lombard Odier & Cie.

He enjoyed being a longstanding judge for IPE (Investment & Pensions Europe)  and unbeknownst to many, Stephan was appointed to the Executive Committee of the Convention of Independent Financial Advisors (CIFA) and a CIFA permanent representative to the United Nations.

Stephan died from cardiac failure while on a rare holiday in the south of France on August 3th 2018.  The entire AR family mourns this loss.

He was a “sparring partner” to clients (and many others). He challenged us to push the boundaries on thinking differently - to find the exception with the highest level of conviction, to deliver to our clients what they cannot find anywhere else. 

Everything we do remains rooted in the same philosophy.


Memorial donations in the name of Stephan Lods can be made to ELA Suisse in support of children who suffer from leukodystrophy. 

ELA Suisse
Rte de Tramelan 7
IBAN CH02 0900 0000 1737 1750 7



Jean-Stéphane Lods
1954 - 2018