Swiss industry takes a big step forward
Tue Sep 13, 2011
Following the trauma of the financial crisis, the market in Switzerland is looking better than many in the hedge fund industry may have expected. DATA INCLUDES: Swiss hedge funds over $250m and UCITS hedge fund launches in Switzerland since 2009
In the three short years since our previous special report
on Switzerland in September 2008, the whole landscape of the
hedge fund world has changed a great deal. The trauma of the
financial crisis in general - when many individual hedge funds
disappointed with negative returns and/or by imposing 'gate'
provisions and restricting redemptions - had a pronounced
effect everywhere. The unmasking of Bernard Madoff as a
fraudster also had a particularly strong impact, given that a
significant number of investors had exposure to Madoff via
allocators in Switzerland.
Given that background, the hedge fund industry within
Switzerland seems to be back in remarkably robust shape barely
three years later. Switzerland, and Geneva in particular, still
remains a very important centre for the gathering and
allocating of money via funds of hedge funds (FoHFs) - though
with some different players now coming to the fore in that
field. And the development...
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