Fund Of Funds Culross Opens Swiss Office

Nov 15 2010 | 4:17am ET

Another London hedge fund firm has opened an office in Switzerland.

Culross Global Management has established a base in Zug. But the US$600 million fund of hedge funds shop said the move was motivated less by British taxes and more by business sense.

“Most of our clients are in the German-speaking part of Switzerland,” founder Nigel Blanshard told the Financial News. “Zürich is the natural location and I preferred Zug,” about 10 miles south of Zürich.

Blanshard said the firm, which has 11 employees, would hire new staff for the Zug office and would consider relocating some of its London staffers to the new digs. Blanshard himself divides his time between the two jurisdictions.

Culross follows some of London’s biggest hedge funds, including BlueCrest Capital Management and Brevan Howard Asset Management, in establishing Swiss bases. Moore Capital Management has also set up a Swiss office, in Zürich.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...