Mon, Mar 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Revised Swiss collective investment scheme law to come into force on January 1st, 2013

Friday, October 05, 2012

Benedicte Gravrand, Opalesque Geneva – The partial revision to the Swiss Collective Investment Schemes Act (CISA), after months of thorough checking, has finally passed the test. The Swiss National Council approved the revision in September (after the Council of States approved it in June).

The Swiss Funds Association (SFA)’s Autumn 2012 newsletter says that all remaining differences have been resolved as both chambers of parliament gave their approval. The Association regards the solution reached as a balanced compromise between investor protection, dmarket access, and competitiveness. "This partial revision will make an important contribution to our long-term goal of strengthening asset management as a key mainstay of the Swiss financial sector. The next step will be to add specific detail to these good principles at the ordinance level." The SFA had attacked the proposed amendments to the CISA in March this year (see Opalesque article here).

According to a June 2012 report by AIMA, the hedge fund industry body, regulation of asset managers in Switzerland is governed by the Introduction Collective Investment Schemes Act of 23 June 2006 (CISA), whic......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He