Europe's largest independent private banking group adds long/short equity
Luxembourg-headquartered private banking group Sal. Oppenheim has launched a European long/short equity fund, the firm's second single-strategy hedge fund, as part of its expansion of its alternative investment business.
The SOAR European Equity Fund launched on 19 November with 50 million in seed capital from the bank. The Irish-domiciled fund is advised from Zurich by a team of Sal. Oppenheim veterans including Cengiz Sen, the fund's chief investment adviser.
The SOAR team, from left: Adrian Marcu, Tobias Frei, Axel Hotze, Holger Pfeiffer, Cengiz SenSen has spent three years with Sal. Oppenheim in Frankfurt...