Limmat Capital gains further Finma approval
Limmat Capital Alternative Investments has gained Swiss Financial Market Supervisory Authority (Finma) approval as an asset manager of foreign collective investment schemes.
Limmat Capital is already regulated by Finma as an independent investment management firm in Zurich, specialising in liquid long/short equity and balanced fund strategies.
The additional authorisation means the managers is moving forward in its plans to become “an internationally recognised multi-disciplinary investment management firm and alternative investment platform.”
Limmat Capital relies on proprietary software called Integrated Risk Information System, to help power its front, middle and back office proposition to the market. Martin Macanovsky, CRO and COO, said the platform provided a solid foundation to build the additional services that the latest authoriation permits.
“Our operational infrastructure and risk management allows us to add new strategies and carve out funds to our platform, while continuing to deliver tremendous value to our portfolio managers and investors,” he said.
“The FINMA approval as well as nearly a decade of consecutive annual profits made for a wonderful start to 2014 and is a further tribute to our growing business. We look forward to sharing our extensive trading and research expertise and working with a diverse range of investors in the years to come.”