Zulauf Readies Hedge Fund With Son

Jun 12 2013 | 10:20am ET

Felix Zulauf's second hedge fund is a father-son affair.

The industry veteran, who transformed his Zulauf Asset Management into a family office four years ago, has founded Vicenda Asset Management alongside his 30-year-old son, Roman. The two will serve as co-chief investment officers at the Zug, Switzerland-based firm, which will launch its first fund in July, Bloomberg News reports.

Vicenda will employ a global macro strategy and expects to debut with about US$50 million in assets, most of it from the new firm's principals and from former investors in ZAM. The Zulaufs plan to initially market Vicenda to family offices and high-net worth investors.

Joining the family affair is Micha Blattmann, formerly of UBS and Merrill Lynch, as CEO.

Felix Zulauf founded his eponymous hedge fund in 1990. Roman is a former portfolio manager at Magma Capital.

Vicenda will charge 1.5% for management and 20% for performance, offering discounts to investors who get in early. It will target annual returns of between 6% and 8%.

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