Switzerland regulator approves first hedge fund

Swiss & Global Asset Management and Swiss Hedge Capital launched the first single manager hedge fund to be regulated by the Swiss Financial Market Supervisory Authority (FINMA).

Swiss & Global Asset Management and Swiss Hedge Capital have launched the first single manager hedge fund to be regulated by the Swiss Financial Market Supervisory Authority (FINMA).

The Swiss Hedge Trading Fund trades in blue chip European equities and will follow the same strategy that has been employed by Swiss Hedge Capital since September 2004 in the Granada Europe Fund.

Swiss & Global will oversee the administration of the product as a private label fund, with Swiss Hedge Capital being responsible for fund management.

Swiss Hedge Capital founder and managing partner Gerhard Schreiber said the launch demonstrated the trend in the hedge fund industry from offshore to onshore regulation.

He added: “The future of the hedge fund industry lies in the regulated environment. In Swiss & Global, we have found a partner with many years’ experience in setting up complex fund structures. This was the crucial factor in successfully launching the first regulated single-manager hedge fund in Switzerland, satisfying FINMA’s stringent requirements with regard to transparency and investor protection.”

Reto Barbarits, who is in charge of the Swiss Hedge Trading Fund project at Swiss & Global Asset Management, said: “Launching a hedge fund in an onshore environment is an innovation here in Switzerland. This move reflects the trend toward greater transparency and regulation in the interest of the investors. We see a lot of market potential here for the future as well.”

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Chris Panteli
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