# RAM Active Investments S.A.

> RAM Active Investments S.A. is an SEC-registered investment advisory firm in Geneva, Switzerland, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 226589
- Filed as: RAM ACTIVE INVESTMENTS S.A.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Geneva, Switzerland
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/226589
- AdvisorCensus page: https://advisorcensus.com/firm/ram-active-investments-s-a-geneva-226589

## Quick answers

**How is RAM Active Investments S.A. compensated?**
On its Form ADV (Item 5.E, October 2026), RAM Active Investments S.A. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is RAM Active Investments S.A. located?**
RAM Active Investments S.A.'s principal office is in Geneva, Switzerland, according to its Form ADV.

**Is RAM Active Investments S.A. registered with the SEC or a state?**
RAM Active Investments S.A. is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 226589.

**How much does RAM Active Investments S.A. manage?**
RAM Active Investments S.A. reports $2,393,210,687 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have RAM Active Investments S.A.'s assets and staff changed since 2021?**
In the Form ADV data for RAM Active Investments S.A.: Regulatory assets under management: $1,630,000,000 in the October 2021 data and $2,393,210,687 in the October 2026 data, up 47%. Total employees: 35 in October 2021 and 29 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does RAM Active Investments S.A. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (13).

**Does RAM Active Investments S.A. report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), and 11.H(1)(b) (court finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/226589

**What changed in RAM Active Investments S.A.'s recent Form ADV filings?**
In the April 2026 filing data: Item 11 disclosure answers changed: 3 yes answers, previously 4 (now no: 11.G). Employees performing advisory functions went from 10 to 6. Regulatory assets under management went from $22,000,000,000 to $2,393,210,687 (-89%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $2,393,210,687
- Discretionary: $2,393,210,687
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 13 | $2,393,210,687 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2015 (10 years)
- Employees: 29 total, 6 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.H(1)(b): Has a domestic or foreign court ever found that the firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/226589

### Websites listed on Form ADV (Item 1.I)
- ram-ai.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,630,000,000 | 35 | May 17, 2021 |
| October 2022 | $2,300,000,000 | 35 | April 7, 2022 |
| October 2023 | $1,879,701,710 | 35 | April 12, 2023 |
| October 2024 | $1,630,000,000 | 33 | March 27, 2024 |
| October 2025 | $1,683,658,966 | 30 | March 26, 2025 |
| October 2026 | $2,393,210,687 | 29 | March 31, 2026 |

Regulatory assets under management: $1,630,000,000 in the October 2021 data and $2,393,210,687 in the October 2026 data, up 47%.
Total employees: 35 in October 2021 and 29 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Item 11 disclosure answers changed: 3 yes answers, previously 4 (now no: 11.G).
- Employees performing advisory functions went from 10 to 6.
- Regulatory assets under management went from $22,000,000,000 to $2,393,210,687 (-89%).
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Regulatory assets under management went from $1,683,658,966 to $22,000,000,000 (+1207%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. RAM Active Investments S.A. (CRD 226589): Form ADV filing data as of October 2026.