Constant evolution and a clear focus on meeting client needs has been the engine of LGT Capital Partners' success - propelling it to a business with $5 billion in assets under management and global ambitions. By Claire Makin
LGT Capital Partners has come a long way since launching its first fund of hedge funds on the six Swiss Exchange in 1997. The firm has been fortunate, and far-sighted, enough to have evolved into a specialist player as large, generic funds of funds are finding it tougher to justify their approach.
Call it good business planning with a dose of opportunism, the result is a $5 billion fund of hedge funds operation that offers four distinct areas of expertise, plus a growing business that provides customised portfolio solutions to the firm's largely institutional client base.
Thomas Weber, head of hedge fund investment management at LGT Capital Partners, calls this a...