Incrementum AG

Assets Under Management
Minimum Investment
Raise Goal
YTD Return 1Lock
Lifetime Return1Lock
Number of Investors 1Lock


Incrementum AG Liechtenstein is an asset management company founded in 2013 in Vaduz, Liechtenstein. As independence is a cornerstone of philosophy, the company is one hundred percent owned by its partners. They have no affiliations with any banking institutions, which enables them to implement their investment strategies autonomously. As a boutique player with lean hierarchies, they are able to execute our strategies and respond to regime changes swiftly. Our partners practice what they preach – all our partners are invested in the funds they manage.

Location: Liechtenstein, Switzerland


Stefan Markus Kremeth, Founding Partner & CEO


Stefan is the CEO and Partner of Incrementum and holds an EMBA in Intl. Asset Mgmt from the University of Liechtenstein. He worked for UBS Zurich, Toronto, Madrid, Sal. Oppenheim and Lombard Odier, where he became EVP in 2006. Stefan returned to Sal. Oppenheim as MD to build up and manage the Sales- & Execution Trading Desk. In 2009 he became co-owner of Incrementum



Ronald Peter Stoeferle, Partner, Managing Director and Fund Manager

ronald peter stoeferle.jpg

Peter is a Managing Director, Partner and Fund Manager at Incrementum Liechtenstein

He is also the Author of the annual “In Gold we Trust” Report, which drew international coverage (CNBC, Bloomberg TV, WSJ, FT,….)

He is a Lecturer at the Institut für Wertewirtschaft in Vienna, focusing on the implementation of the Austrian School of Economics in Asset management

Linkedin Twitter


Mark Justin Valek, Founding Partner & Investment Manager

mark justin valek.jpeg

Mark is founding partner and investment manager of Incrementum AG. Together with Ronald Stoeferle he manages a global macro fund, which is based on the principles of the Austrian School of Economics. In 2014 he co-authored a book on Austrian Investing.

Before founding Incrementum he worked at Raiffeisen Capital Management for more than ten years. There he was fund manager and responsible for inflation protection strategies and alternative investments. During his studies Mark worked in equity trading at Raiffeisen Zentralbank and at Merrill Lynch Private Banking in Vienna and Frankfurt.

Mark’s education includes a degree in business administration from the Vienna University of Economics and Business Administration. He is CAIA charterholder and Certified Portfolio Manager. Next to his work at Incrementum he is a lecturing member of the Institute of Value based Economics and lecturer at the Academy of the Vienna Stock Exchange.


Christian Schärer, Special Mandates

Christian Scharer

Christian is a partner of Incrementum AG and responsible for Special Mandates.

Even while studying for his degree he was on the look-out for the strategic factors of success of prosperous business models – a topic that fascinates him to this day and that inspires him in the selection of promising investment opportunities.

Christian studied Business Administration at the University of Zurich and, while working, obtained a PhD at the Department of Banking and Finance (University of Zurich). His dissertation was on the subject of the investment strategy of Swiss pension funds in the property sector. He has gained comprehensive know-how in financial markets by working across various functions as investment advisor, broker, and portfolio manager.


Demelza Hays, Research Analyst

Demelza Hays.jpg

Demelza is a cryptocurrency research analyst at Incrementum AG, and she is responsible for their Crypto Research Report. In collaboration with Incrementum, she is developing an innovative investment solution in the field of cryptocurrencies.

Prior to joining the University of Liechtenstein as a Ph.D. student in Business Economics, Demelza completed  Master’s in Economics at the Toulouse School of Economics.  At the Imperial College in London, Demelza is a blockchain researcher for the former Chief Economist of the U.S. Commodity Futures Trading Commission (CFTC), Professor Dr. Andrei Kirilenko. In addition to research, she teaches a course for bachelors and masters students on cryptocurrencies at the University of Liechtenstein, and she operates the Bitcoin ATM in Liechtenstein.

Linkedin Twitter