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%.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

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

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.