Opalesque Zurich Roundtable - Essential Updates for Hedge Funds and Hedge Fund Investors
“Relocating to Switzerland”: Experiences of New York and London hedge funds who moved here. Recently, an increasing number of hedge fund managers have either launched funds from Switzerland or moved their whole operation into the country. They benefit from the presence of those end-investors: not only represent the Swiss pension fund and insurance industries a lot of capital, but more importantly, this group has endorsed hedge funds relatively early on.
“Relocating to Switzerland”: Experiences of New York and London hedge funds who moved here.
Recently, an increasing number of hedge fund managers have either launched funds from Switzerland or moved their whole operation into the country. They benefit from the presence of those end-investors: not only represent the Swiss pension fund and insurance industries a lot of capital, but more importantly, this group has endorsed hedge funds relatively early on, and are now increasing their engagement in this alternative asset class.
Small is beautiful: Why some Swiss investors prefer small managers - why asset concentration to large managers can be dangerous
93% of the net inflows in the second quarter of 2010 went into hedge funds managing more than $5 billion. That group of funds collectively manages about 60% of total industry assets. What is behind this trend? And what are some of the problems the industry will face if this massive asset concentration continues? Are smaller funds the way to go?
New Paradigm in Hedge Fund Technology emerges
The new operational paradigm created more demands on the middle and back office to act as profit centers within the organization. What tools are now available to fit a fund manager's applications to new internal needs, and enhance workflow capability internally and with the outside world?
In addition, this Roundtable covers:
• How to save gated asset-based lending funds: A new bank plans to provide liquidity to up to 200 asset-based lending funds with aggregate $100 to $200 billion locked up in gates.
• How do you know your NAV is right? How some hedge funds improve their NAV up to 25bps by checking their independent fund administrator's work
• A small country: what limitations or challenges hedge funds face when coming to Switzerland
• How Swiss hedge fund managers achieve better alignment between managers and investors
• Update from the world of futures and CTAs: how to best invest in systematic strategies
• The UCITS discussion: what works and what not – will UCITS still be around in ten years?
The 2010 Opalesque Zurich Roundtable was sponsored by Advent Software and took place September 7th with the following experts:
• Alexis Dawance, Co-Founder Global-Cap
• Chris Manser, Global Head of Hedge Funds, AXA Investment Managers
• Frederick Barnard, Partner, Limmat Capital Alternative Investments
• Gregor Etzweiler, Partner, 47 Degrees North
• Guy Spier, Founder, Aquamarine Capital
• Joseph (Joe) Taussig, Founder, Taussig Capital
• Karsten Schroeder, Head of Research and Chairman, Amplitude Capital
• Tom Zdon, Vice President of Business Development and Solution Consulting, Advent Software
Opalesque Roundtable Series is an unparalleled collection of intelligence on the most important global hedge fund jurisdictions and players. In each Opalesque Roundtable, Opalesque unites some of the leading hedge fund managers (single and multi strategy managers) as well as representatives of the local investor base (institutions, fund of funds, advisers) to gain unique insights into the specific idiosyncrasies and developments, the issues and advantages of the highlighted hedge fund centers.
The Opalesque 2010 Roundtable Series are supported by Custom House Group and Taussig Capital. All Opalesque Roundtable Scripts can be accessed here:
Matthias Knab, founder of Opalesque and internationally recognized expert on hedge funds and alternatives, moderates the Opalesque Roundtables.
In 2003, with the publication of its daily Alternative Market Briefing, Opalesque successfully launched an information revolution in the hedge fund media space: "Opalesque changed the world by bringing transparency where there was opacity and by delivering an accurate professional reporting service." - Nigel Blanchard, Culross. This hybrid financial news service, which combines proprietary industry news stories and filtered third party reports, has been credited by many industry insiders with delivering precise, accurate, and vital information to a notoriously guarded audience.
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Uday Pratap Aditya