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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...