A team that strives to be contrarian by staying small
François Sicart, Patsy Jaganath,
Bogumil Baranowski, and Allen Huang
We are a boutique operation. We have no sales force and no business agenda. We have no corporate parent imposing short-term goals and quotas. Our overriding motivation is to succeed by serving our clients well.
The team consists of four members, who are co-founders and partners of Sicart Associates.
François Sicart is a graduate of HEC Paris. Before founding and chairing Tocqueville Asset Management L.P., he had been a general partner of Tucker, Anthony & R.L. Day and vice-chairman of Tucker Anthony Management Co. He has 46 years of experience managing individual clients’ accounts and their family affairs, and has sat on a number of bank and investment fund boards.
Patsy Jaganath, a Pace University graduate, has 22 years of financial experience. Prior to joining Tocqueville as the Controller in 1994, Patsy worked as a staff accountant at a public accounting firm engaged as the independent auditor for Tocqueville Asset Management L.P. and its affiliates. At the start of 2001, she was chosen as Head of the Family Office and has maintained that position for almost 16 years.
Bogumil Baranowski has a Master’s degree in Finance and Strategy from Institut d’Etudes Politiques de Paris (Sciences Po), and a Master’s in Finance and Banking from Warsaw School of Economics. He has over 13 years of investment experience. Before joining Sicart Associates, LLC, he worked at Tocqueville Asset Management L.P. as a portfolio manager and senior equity analyst. He is the author of Outsmarting the Crowd – A Value Investor’s Guide to Starting, Building and Keeping a Family Fortune (2015). He is a TEDx Speaker, an Executive Board member of one of the oldest and most advanced Toastmasters International clubs in New York City, and an Instructor at MOI Global (The Community of Intelligent Investors). His articles regularly appear on Seeking Alpha.
Allen Huang, CFA, is a graduate of Denison University, has an MBA from Brigham Young University and holds a Chartered Financial Analyst (CFA) designation. Initially financial controller of a venture capital firm, he then became a senior portfolio manager at Tocqueville Asset Management L.P. He has 18 years of investment experience and a precious knowledge of Chinese patrimonial questions.
We have all worked together through most of our respective professional careers.