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