SYZ launches alternatives platform with UBS
SYZ Asset Management, the institutional asset management arm of the Swiss private banking group SYZ & Co, has partnered with UBS to launch a managed accounts platform for its alternative management offering.
The platform is now available in addition to its existing tailored alternative mandates and funds of hedge funds, and is aimed mainly at the institutional market. UBS Investment Bank will operate the platform.
SYZ & Co says in a statement: “SYZ Asset Management intends to make this new service a benchmark in its field. The platform features substantial advantages in terms of transparency, risk management and reporting.
As part of this cooperation, SYZ Asset Management will propose and select managers to be included on the platform. It will manage investment mandates, as well as other investment vehicles, whose assets will be placed on the platform.
SYZ & Co will also be able to use those managers to launch products. SYZ & Co will soon be launching a multi-manager product, combining two specific strategies.
SYZ Asset Management said it selected the UBS platform for “the flexibility it offers to hedge fund managers, its extensive reporting and highly sophisticated risk management.”
Compared with competing structures, SYZ & Co said, “it is a highly attractive platform for hedge fund managers, as it does not necessarily require hedge funds to change their liquidity frequency or prime broker, enabling them to retain the same strategy as in their original hedge fund.”