Lupus alpha is an independent German investment boutique (launched in 2000) that specializes in small- and mid-cap and alternative UCITS strategies. Prior to the annual Lupus alpha investors conference in Frankfurt I had the opportunity to speak with Mr. Ralf Lochmüller, founding partner and speaker of the board at Lupus alpha, about the company and how it has succeeded, as well as about the market for alternative UCITS in general. Mr. Lochmüller, Lupus alpha has become an established fund promoter in Germany since its launch in 2000. What has been the biggest obstacle you have had to overcome—from the company’s