Switzerland Set For Hedge Fund Influx

Apr 24 2013 | 10:54am ET

Switzerland went 0-for-2012 in terms of hedge fund launches last year. This year promises to be quite different—thanks in part to the country's new hedge fund regulations.

At least 10 hedge funds are expected to launch in Switzerland this year. The country's new hedge fund rules appear to have attracted institutional investors who previously shunned the Swiss light-touch regime.

Among the new launches will be offerings from veteran JPMorgan Chase trader Deepak Gulati and former GLG Partners portfolio manager James Berger. The new launches could boost the size of the US$24 billion industry by one-third, according to Credit Suisse.

Hedge funds entirely shied away from Switzerland last year, as the country's Parliament worked on tougher new regulations. Switzerland's rules are now similar to those in the European Union, of which the country is not a member.

"It's smart regulation," Philippe Gougenheim, the former head of Unigestion's fund of hedge funds unit, told Reuters. "I'm sure it will help tap into institutional money."


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of