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About this Website

Cape Capital is an independent wealth manager headquartered in Zurich, Switzerland.

The content of this Website (including microsites) has been prepared by Cape Capital AG, with its registered address at Utoquai 55, 8008 Zurich, Switzerland (“Cape Capital”), duly registered at the commercial register of the Canton of Zurich with number CHE-109.617.147. and contains the views and opinions of the particular individuals and is for general information and marketing purposes only. All copyrights and other rights, included but not limited to logos and registered trademarks relating to the entire content of the Website are reserved exclusively to Cape Capital or the specifically designated right holders. Any use, in particular the reproduction or publication in full or in part is permitted only with the prior written consent of Cape Capital. Cape Capital may from time to time suspend the operation of this Website for repair, maintenance or improvement work, or in order to update or upgrade its content or functionality. Cape Capital may also change the format, content and/or access of this Website at any time at its sole discretion without notice. Although Cape Capital believes that information provided on this Website is based on reliable sources, content on this Website is presented only as of the date published or indicated, and may be superseded by subsequent market events or for other reasons. Therefore Cape Capital cannot assume responsibility for the quality, correctness, timeliness or completeness of the information contained herein. Unless otherwise stated, the numbers/figures on the Website are unaudited.


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Cape Capital is a regulated asset manager of collective assets according to the Federal Act on Financial Institutions of 15 June 2018 (FinIA) and supervised by the Swiss Financial Market Supervisory Authority FINMA, Laupenstrasse 27, CH-3003 Bern, Switzerland (FINMA). The Website contains information about various collective investments (“Funds”) which may have been registered or otherwise notified for distribution and marketing in the jurisdiction you have selected. Please note, that such registration or notification does not mean that the Funds are suitable for all investors and their investment objectives, financial situation and risk profile. As an asset manager of collective assets, Cape Capital is, among others, subject to the rules under the Swiss Financial Services Act (FinSA), the Swiss Collective Investment Schemes Act (CISA) and the Swiss Financial Institutions Act (FinIA).Cape Capital is affiliated to the following Ombudsman according to FinSA: Finanzombudsstelle Schweiz (FINOS), Talstrasse 20, CH-8001 Zurich, Switzerland. For further information, please refer to the General Client Information Document available on the Website which forms an integral part of these Conditions. Cape Capital is an independent wealth manager headquartered in Zurich, Switzerland.


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Nothing contained on this Website constitutes a solicitation, an offer or a recommendation to buy or sell any Cape Capital Funds or other financial instruments, nor does it constitute any form of personal investment advice which takes into account your personal circumstances. Cape Capital does not provide investment, legal, tax or other advice through this Website and nothing herein should be construed as such advice. Cape Capital does not represent that any Cape Capital collective assets or financial instruments mentioned on this Cape Capital website are suitable for any investor. Investment or other decisions should be made solely on the basis of the relevant product and/or service documents (prospectus/offering memorandum, fund contract/articles, key information documents, financial reports) of the respective collective investment. If not a Cape Capital client, it is strongly recommended to contact a professional financial advisor, tax consultant or other qualified expert in order to determine whether an investment in a Fund or other financial instrument corresponds to the specific requirements and preferred level of risk of the investor.


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The access and use of this Website, and these present Conditions are governed by substantive Swiss law with the exclusion of the conflict of law principles. The place of jurisdiction is Zurich, Switzerland.

Last Update: October 2024

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The ultimate spread: the family business redefining Swiss dairy

FOLIO Edition VIII: SPREADS
Business & Markets

How the next generation of butter and cheese masters at one family-run dairy are reinventing raclette.

Sliced cayenne chilli, pumpkin seed curry, porcini mushrooms and port wine might not sound like they belong in a traditional raclette but then there’s nothing conventional about the flavour combinations dreamt up by the Swiss cheese masters at Käserei Camenzind. Helmed by two forward-thinking brothers, David and Severin Camenzind since 2022, the business is known for its butter, yoghurt, house-blend of readymade fondue, and specialty cheeses. But it’s the inventiveness of the 20-odd varieties of raclette – and the fact that it is the only production facility in Zurich Oberland making regional blue cheese – which, in recent years, has really set this dairy in the hamlet of Schalchen apart. 

On a crisp February morning, Cape’s Stephan Vlček took a trip to the Käserei to meet David, where the pair discussed the business, family and the entrepreneurial spirit of the new generation running the operation. Their discussion was held in their local ‘Tsüri-Dütsch’ dialect and translated afterwards. “Our raclette sells in the German-speaking part of Switzerland because that’s where consumers are more experimental with taste combinations; in the Canton of Valais there is more of a fixed idea that raclette should be just plain cheese,” joked David, who oversees sales while Severin manages production. “Clients tell us that they want to try new things and our range of raclettes have been created to satisfy that curiosity – that’s what makes our job fun.” 

David Camenzind gives Cape’s Stephan Vlček a tour of the cheese making operation

This type of out-of-the-box thinking is needed to make a mark in a very economically competitive market – especially when sales of raclette are determined by temperature. “Of course, raclette is typically eaten when it’s cold. If, for instance, it’s bad weather on Switzerland’s National Day in August (Erste August), we see a sales spike, much like at Christmas and New Year,” David continued. Being innovative also attracts young apprentices who are keen to work in the industry (the company typically takes on one each year). “To be successful, you have to be dynamic and create a brand that shows you are different from everyone else”. 

David and Severin’s parents, Franziska and Daniel, together with their uncle, Armin, were the first of the family to discover a passion for churning butter and cheese. Daniel and Armin took over the Schalchen dairy in 1990, using milk from the local co-operative in their production. Initially, Emmentaler was a key part of their output but as consumer tastes changed, their focus shifted onto other types of cheese such as Kyburgheli, Mulibach and Wildberger. 

We want to spread the family name but in our own way, with new signature cheeses

Over the years, the business has also expanded: in 2002, Armin began running a second cheese dairy in Fehraltorf, and the primary sales site (a Chäsegge) opened. The company has recently added another shop in Uster, which used to be a Mölkerei. The main facility though is still in Schalchen, where the former pigsty has just been transformed into a new cellar for storage and a high-tech production facility. Here, in the new Hochkühelregallager, all the cheeses are stored on wooden pallets, which are made for almost all Swiss cheese makers at the same factory in Muotathal. In addition, a travelling cheese truck sells at selected weekly local farmers’ markets.  

The famous and hugely popular Kürbiskernen-Curry raclette

Being a family business means that David and Severin have the benefit of being able to make decisions quickly and add new flavours as they see fit. “My brother and I are so proud to continue the cheese making legacy of our parents and build on the foundation that they’ve laid. We want to spread the family name but in our own way, with new signature cheeses,” concludes David. What is the brothers’ latest product? Moreish cheese crackers (KäseKracker) that taste exactly like the coveted Grossmueter (the Swiss term for the chewy, crisp crust left at the bottom of the fondue pan), with sesame seeds or hemp nuts. When it comes to cheese, it seems then, as if there is no end to this family’s ambition.

Find out more about Käserei Camenzind here

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