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.
Tuesday, 24 January 2017
Last updated 18 hours ago
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%.