Multi-managers who came through the storm
Tue Sep 13, 2011
A selection of FoHFs reveal the secrets to their survival. Data includes: Swiss FoHFs with more than $1bn AUM. Profiles on Banque Privée Edmond de Rothschild, HSBC, Pictet AI, EIM, Banca del Ceresio, Unigestion, Fundana and Ayaltis
Switzerland continues to maintain an impressive market share in the global funds of hedge funds (FoHFs) industry, which remains a significant source of assets for hedge funds globally despite a sharp fall during the financial crisis of 2008. Due to Switzerland’s somewhat decentralised structure, the hedge fund industry is primarily concentrated in Geneva, Nyon, Lausanne, Zurich, Zug, Pfaffikon and Lugano. Given the longstanding culture of institutional asset management, private banking and family offices, Swiss FoHFs have the overall ability to manage the full spectrum of hedge fund investment strategies and styles. A unique feature of the Swiss FoHFs market is the ability to provide multi-currency offerings of shares. The standard fee structure tends to be a 1.5% management fee and a 10% performance fee. However, some firms offer variations of this formula, particularly for qualified investors.
BANQUE PRIVÉE EDMOND DE ROTHSCHILD
Few banks in Geneva can lay claim...
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