Local institutions revive interest in hedge funds
Tue Sep 13, 2011
Foreign FoHFs battle for shares in a competitive market
Given their long history of allocating to alternative
investments since the mid-1990s, many Swiss institutional
investors are scarcely strangers to the hedge fund world. Over
the past 15 years, corporate pension funds such as
Nestlé, public bodies like the City of Zurich, and
pension funds run by private banks that were managing their own
hedge fund products, have pioneered a policy of diversifying
risk by allocating to newer asset classes.
|"Swiss pension funds prefer to invest with
local houses as it enables them to become better
acquainted with the managers and gain a closer
understanding as to how they operate"
Peter Hegglin, head of manager research, Mercer
The presence of so many large FoHFs in Switzerland, which
still represents around 30% of the global industry, has played
a key role in pioneering this development. Swiss institutions
have traditionally tended to maintain a bias towards domestic
hedge fund providers, making the...
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