Institutional Investors

Swiss Life to pull assets from LGT flagship FoHF


Swiss Life is planning to pull its investments in Castle Alternative Invest, which in August had $549 million in asset under management, subject to approval at an EGM on 12 October in accordance with the listing rules and Swiss law and regulations.

Swiss Life, the largest investor since 1996, has approached the independent directors to inform them that it wishes to seek an orderly exit from the company by disposing over time of its 49% issued share capital.

Unlike usual share disposals, a secondary market sale of Swiss Life’s shareholding is not feasible and the directors have decided