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

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

Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.