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Switzerland's First Onshore Hedge Fund Launched

Monday, March 28, 2011

Swiss and Global Asset Management has launched the first single-manager hedge fund, the Swiss Hedge Trading Fund, to be regulated by Switzerland’s Financial Market Supervisory Authority (FINMA).

Approved by FINMA and domiciled in Switzerland, the new Swiss Hedge Trading Fund is designed to offer greater transparency and security for investors. It is to be managed by Swiss Hedge Capital while under the administration of Swiss and Global Asset Management.

The fund is a long/short equity fund and follows an active trading strategy. It focuses on the current market themes as well as the general trend on the stock markets, and invests predominantly in European blue chips.

Commenting on the launch of the new fund, Gerhard Schreiber, founder and partner of Swiss Hedge Capital emphasized that the future of the hedge fund sector is in a regulated environment.

“In Swiss & Global, we have found a partner with many years’ experience in setting up complex fund structures. This was the crucial factor in successfully launching the first regulated single-manager hedge fund in Switzerland, satisfying FINMA’s stringent requirements with regard to transparency and investor protection.”

Reto Barbarits, who is in charge of the Swiss Hedge Trading Fund project at Swiss & Global Asset Management, adds: “Launching a hedge fund in an onshore environment is an innovation here in Switzerland. This move reflects the trend toward greater transparency and regulation in the interest of
the investors. We see a lot of market potential here for the future as well.”

Swiss & Global Asset Management emerged from Julius Baer Asset Management in October 2009 and is the exclusive manager of Julius Baer funds. At the end of December 2010, Swiss & Global had client assets under management totalling CHF80.4bn (USD87.9bn).

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The Report

Offshore Trusts Guide: Introduction

The History of Offshore Trusts
Development of Professional Competence in the Jurisdictions
What Future for the Trust?
The New Age of Transparency
The Swiss Association of Trust Companies
The Society of Trusts and Estates Practitioners

Offshore Trusts Guide: Jurisdictions

Bahamas

Bahamas: Legal Framework and Formation Rules and Fees
Bahamas: 2006 Private Trust Companies Legislation

Barbados

Barbados: Legal Framework and Formation Rules and Fees
Barbados: Supervisory and Licensing Regime and Fees

Bermuda

Bermuda: Legal Framework and Formation Rules and Fees
Bermuda: Supervisory and Licensing Regime and Fees

British Virgin Islands

British Virgin Islands: Legal Framework and Formation Rules and Fees
British Virgin Islands: Special Trusts Act 2003
British Virgin Islands: The Trustee Act 2003
British Virgin Islands: :Supervisory and Licensing Regime and Fees
British Virgin Islands: New Laws on Private Trust Companies
British Virgin Islands: New Private Trust Company Regulations

Cayman Islands

Cayman Islands: Legal Framework and Formation Rules and Fees
Cayman Islands: Supervisory and Licensing Regime and Fees

Cook Islands

Cook Islands: Legal Framework and Formation Rules and Fees
Cook Islands: Supervisory and Licensing Regime and Fees

Cyprus

Cyprus: Legal Framework and Formation Rules and Fees
Cyprus: Supervision, Licensing and Tax

Gibraltar

Gibraltar: Legal Framework and Formation Rules and Fees
Gibraltar: Legislation, Regulation and Supervision

Guernsey

Guernsey: Legal Framework and Formation Rules and Fees
Guernsey: Trusts Law 2007

Isle of Man

Isle of Man: Legal Framework and Formation Rules and Fees
Isle of Man: Supervisory and Licensing Regime
Isle of Man: Uses Clients and Tax Treatment

Jersey

Jersey: Legal Framework and Formation Rules and Fees
Jersey: Supervisory and Licensing Regime
Jersey: Trusts Amendment Act 2006
Jersey: Foundations

Liechtenstein

Liechtenstein: Legal Framework and Formation Rules and Fees
Liechtenstein: Regulation Supervision and Transparency
Liechtenstein: Characteristics of Liechtenstein Trusts
Liechtenstein: Foundations

Madeira

Madeira: Legal Framework and Formation Rules and Fees

Malta

Malta: Legal Framework and Formation Rules and Fees
Malta: The Trust and Trustees Act 2004

Mauritius

Mauritius: Legal Framework and Formation Rules and Fees
Mauritius: Characteristics of the 2001 Trusts Act
Mauritius: Additional Provisions of the 2001 Trusts Act
Mauritius: Tax Treatment

Monaco

Monaco: Legal Framework and Formation Rules and Fees

Nevis

Nevis: Legal Framework and Formation Rules and Fees

Panama

Panama: Legal Framework and Formation Rules and Fees
Panama: Requirements for Acting as Trust Company in Panama

Seychelles

Seychelles: Legal Framework and Formation Rules and Fees

Turks & Caicos

Turks & Caicos: Legal Framework and Formation Rules and Fees
Turks & Caicos: The Voidable Dispositions Ordinance

Vanuatu

Vanuatu Legal Framework and Formation Rules and Fees




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