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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR