SYZ & CO Makes Play For Hong Kong FoF

Jan 25 2007 | 12:15pm ET

Swiss banking group SYZ & CO has established a presence in Asia by acquiring Oria Capital, a Hong Kong-based fund of hedge funds group. Oria will be folded into SYZ’s alternative investment business line, dubbed 3A SA, and will subsequently change its name to 3A Asia.

3A is well-established in Europe with Albertini Syz Investimenti Alternativi SGR, SYZ’s Milan-based alternative fund of hedge funds manager; with the London listing in 2001 of Altin AG, the Swiss alternative investment company managed by 3A; and with strategic partnerships in other European countries, according to the firm.

“Oria Capital specializes in one of the world’s most promising investment markets and…on average, top-performing funds in Asia close to new investors just 12 to 24 months after their launch,” Jean Keller, CEO of 3A, said. “Having a highly-skilled team in Hong Kong will allow us to speed up our analysis and manager selection process of Asian managers and thus offer our investors access to the best investment opportunities in Asia.”
Oria currently manages the Oria Asia Fund, a multi-strategy, multi-manager offshore fund of funds consisting of 15 Asian hedge fund managers, with exposure to 11 Asian countries and eight strategies. It also manages the Oria Plus Fund, a global multi-strategy, multi-manager offshore fund of funds consisting of 35 managers, 10 strategies and up to three-times leverage. In addition, the firm offers the Oria Commodity Fund, a relative-value fund exploiting price relationships, and likely changes in price relationships, between related or similar assets in the Asian commodity markets, as well as structured notes and separate managed accounts.

As of the end December 2006, 3A managed over US$2.5 billion in hedge fund assets and provides alternative research and due diligence services on US$3.7 billion in alternative investments. SYZ has offices in four Swiss cities, Geneva, Zurich, Lugano and Locarno, and manages some US$19.6 billion in assets.

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