When was the last time you drank the water you swim in? Ronnie Kirschke
You wonder why you`ve ever lived in any other place, Marc
My team called “Family” has never been more balanced and healthy. Wife and Mother of 2.
Centre Alternative Investments & Risk Management
ZHAW Zurich University of Applied Sciences
School of Management and Law
Swiss hedge funds are growing more popular as Switzerland's government looks to lure hedge fund managers with lower tax rates than rival countries. According to a Zurich University study there are currently 125 single-manager hedge funds in Switzerland managing $14 billion across 71 firms.
Swiss managers rank third in Europe, with 4 percent of the market, behind London’s 75 percent share and Sweden with 5 percent. Brevan Howard Asset Management LLP, Europe’s biggest hedge fund, and third-ranked BlueCrest Capital Management Ltd. have both opened offices in Geneva this year.
“Heavy competition between cantons has helped to keep tax rates low,” making Switzerland more appealing, Regina Anhorn, one of the study’s authors, said in a presentation in Zurich. “We have seen famous names move part of their institution to Switzerland. We may see many more to come.”
There are signs that fees charged by Swiss hedge funds fell over the past two years, from a typical 2 percent management fee and a 20 percent share of performance, according to the study. A 1 percent management fee is “increasing in popularity” together with a performance fee of 10 percent, it said. Source
Fund of hedge funds are facing scrutiny from the Securities and Exchange Commission. The fund of funds industry has suffered big losses and failed to recover as quickly as their hedge fund investments. Now, the SEC is conducting what is called a "sweep exam", in which the regulator examines a number of funds (about a dozen fund of hedge funds in this case) and collects information to develop leads but this does not necessarily mean that anything improper has occurred at the funds.The Securities and Exchange Commission is examining whether firms that collect fees for funneling investors into hedge funds are properly overseeing client money and dealing with potential conflicts of interest, people familiar with the matter said.