GEMINI can look back on a solid year and is setting a course for the future
Numerous events had an effect on 2024. For many, their first thoughts turn to the political developments in Europe and the USA. Wars and conflicts continued to overshadow world events and dominate the headlines, yet despite geopolitical tensions and economic uncertainty, financial markets saw stable growth in 2024. The positive momentum from the previous year continued, and many asset classes once again achieved impressive returns.
The favourable performance seen in the financial markets was also reflected in our investment results. Our GEMINI Pools achieved results in line with the industry average for 2024 and, as at the end of the reporting year, all our employee benefits units reported a coverage ratio of over 100%. As at the end of 2024, assets amounted to CHF 6.9 billion – an increase of 8.0% compared to 2023.
The outlook for 2025 is showing initial signs of uncertainty. US tariffs are putting a strain on trade relations, especially between the US and China, and despite efforts to resolve disputes through new trade agreements, relations remain fraught. Markets are reacting sensitively to these developments, and the situation is still precarious. GEMINI, however, has a broad spread in its investment pools, and thanks to its diversified strategies, fluctuations can be mitigated.
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Vital G. Stutz,
Chairman of the Foundation Board
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Despite this challenging environment, we were able to achieve stable results. Our performance shows that GEMINI is on a secure footing.
Chairman of the Foundation Board
The number of benefit claims in our Collective Foundation has noticeably increased over the past year – a trend that we have also observed in the industry and with state disability insurance. Despite this burden, we achieved a positive technical result.
In 2024, we had a comprehensive sustainability report produced by UBS focusing on climate issues. We have already implemented the initial findings from it in all our pools’ investment solutions. Looking to the future, our aim is to further expand our ESG reporting and align it more closely with the ASIP ESG Reporting Standard. The Foundation Board approved the 2024 annual financial statements on 26 May 2025.
The past few years have been a challenge for all of us with the migration to the new management system. This migration was an ever-present factor in our operations from the moment the project began back in 2022, posing significant challenges for our employees.
We would like to thank you, our valued clients, for your patience and support during this time. Our thanks also go to our employees, who gave us their full cooperation and made the implementation possible. In 2024, we were able to complete the migration – an important step. We are now looking ahead to the future and are excited at the prospect of continuing our journey with you.
