Hedge Funds Institutional Investors

HypoSwiss seeks alternatives for year end

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Zurich and Geneva-based boutique private bank HypoSwiss is looking for credit and event-driven hedge funds with a view to investing by the end of the fourth quarter.

The private bank, which has total assets of around $1.9 billion, has been a long-time believer in hedge funds as a means of protecting capital for its clients, with many portfolios containing around a 20% allocation to the asset class. Credit recovery plays and event-driven managers are seen as important areas going forward.

It is looking for relatively liquid funds with a lock-up of less than 12 months, and prefers those with assets