Hedge Fund Wealth Managers Headquartered in Switzerland – June 2014

by Pierre Papet

  • 02 Jun 2014
  • HF

In Preqin’s wealth manager database there are a total of 110 firms headquartered in Switzerland. Forty-three percent of these firms have exposure to the hedge fund asset class.

One of the largest of these firms is Bank Julius Baer, one of Switzerland's leading private banking institutions which manage substantial assets for private and institutional clients from all over the world. The firm previously invested solely in funds of hedge fund vehicles and UCITs, however it has now started to include direct single-managers in its hedge fund portfolio and it has also started to invest in a number of feeder funds.

SEB Private Banking is another large provider of private banking services to high-net-worth clients. The division's clients are mainly based in the Nordic countries, the Baltics, Germany, Luxembourg and Poland. SEB Private Banking's three model portfolios are model protection, modern aggressive and modern growth; each of which have allocations of 17%, 20% and 30%, respectively, to hedge funds.  SEB Private Banking views the market climate as especially favourable towards CTAs and credit-oriented hedge funds. SEB Private Banking's hedge fund sub-portfolio focuses on multi-strategy and equity market neutral.

With regards to location preferences, 74% of wealth managers based in Switzerland operate on a global basis when seeking hedge fund opportunities, with 23% solely focusing on Europe. While the majority of wealth managers have clients solely based in Europe, 10% have clients based in North America with 8% also offering services to individuals based in Asia. Of this 110, the breakdown for the nature of services offered is as follows: discretionary only (17%), non-discretionary only (12%) and both discretionary and non-discretionary (71%).

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