Saturday, 1 November 2014
Last updated 20 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%.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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