Swiss Private Bank Opens Hedge Fund To Outside

Apr 21 2008 | 3:48pm ET

Swiss private bank Lombard Odier Darier Hentsch is more than 200 years old, a fact it advertises in its newest product: a hedge fund.

1798 Global Partners—named for the year in which Lombard Odier was founded—is the firm’s first hedge fund, seeded in November with US$350 million. Now, the firm has begun marketing the fund to outside investors, hoping to increase its assets under management to US$1 billion within the next 12 months, Financial News reports.

Lombard Odier managing partner Hubert Keller has been named CEO of 1798, while Aziz Nahas serves as chief investment officer. Nahas formerly served as global head of equities at Dillon Read Capital Management, the now-defunct UBS hedge fund.

The fund is based in New York, with 20 employees. In addition to Keller and Nahas, the fund has hired Martin Fisch, formerly of Deutsche Bank, to manage 1798’s convertible bond portfolio. He will move to Geneva after this summer, when the hedge fund expands to Switzerland.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

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

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of