Zulauf Consulting is a boutique research and consulting firm

We offer investment advisory services exclusively to institutional and accredited investors. We have a unique approach to research, based on Felix Zulauf’s comprehensive macroeconomic, geopolitics, and market outlook.
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Our history

After many years working for investment firms in several cities around the world, in 1990 Felix founded Zulauf Asset Management AG, a Swiss-based asset management company. In 2009, the majority of the firm was sold and Felix maintained a small staff to manage his Family Office, and no longer managed outside client funds. To manage his Family Office Felix maintained his research and data operations to maintain his analysis and investment outlooks. After realizing that prior clients and followers remained interested in his investment perspective, Felix decided to create Zulauf Consulting to share his findings with institutional clients seeking an independent voice on global markets and economies.

Felix Zulauf Bio

  • Over 40 years of experience in financial markets and asset management
  • Started as a trader with Swiss Bank Corporation in the early 1970’s
  • Received training in research and portfolio management thereafter with several investment banks in New York, Zurich and Paris
  • Joined UBS in 1977 as a Portfolio Manager of global mutual funds
  • Became Global Strategist of UBS (1982) and head of the institutional portfolio management group (1986)
  • Served as a member of the Executive Board of Clariden Bank from 1988-1990
  • Founded Zulauf Asset Management AG in 1990, a Swiss-based asset management company
  • Sold the majority of the firm and spun off a Family Office in 2009
  • Served as a member of the Barron’s Roundtable for 30 years.

“There are few macro thinkers I find it helpful to listen to. Felix is one of them.”

Jeffrey Gundlach

CEO of DoubleLine Capital LP

“Felix Zulauf is the preeminent macro thinker of his generation, building a legendary career on a foundation of bold, prescient calls and uncannily accurate timing.”

Grant Williams

Founder of Real Vision and the Things That Make You Go Hmmm newsletter, and Host of The Grant Williams Podcast

“There are a lot of stars in the investment universe, but one of the brightest, most clear on any given evening is Felix Zulauf. Not just the clarity of his brilliance, but the wit and deep wisdom he brings to the forecasting space. Felix is one of my must reads and for those serious about investing, he should be one of yours. Felix is my personal North Star, a light that helps me know where I am and where I am going.”

John Mauldin

President, Mauldin Companies

“Having known and swapped market ideas with Felix for almost 40 years, I am well familiar with his skills and insights. What is unique about Felix is the breadth and depth of his knowledge about the forces shaping markets. He has a grasp of fundamental economic and political events on a global basis that few others can match. He combines this with a broad historical perspective, an analysis of cycles in all markets, an awareness of the importance of psychological excesses in market behavior, and is a student of the internal technical price/supply demand trends in markets that make his work useful from so many perspectives. It is also worth noting that he has the courage of his convictions and has shown he knows when to act on them. Felix is an advisor for all seasons.”

Bob Farrell

Former Chief Stock Market Analyst and Senior Investment Advisor at Merrill Lynch and member of Wall Street Week’s Hall of Fame

“I have known Felix for more than three decades and I have always witnessed that he has an excellent record in predicting macro developments and the stock market. We very often had similar stock market predictions, especially regarding the impact of monetary developments which was the subject of my Ph.D. thesis in the early 70’s. I’ve never missed any of his valuable investment reports.”

Dr. Jens Ehrhardt Founder and Chairman of DJE Kapital AG

(Disclosure: Dr. Ehrhardt is a client of Zulauf Consulting who was not compensated for his testimonial.)

Get In Touch

Oberneuhofstrasse 3, 6340 Baar, Switzerland

(212) 452-3115




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