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Alternative Market Briefing

Swiss managers fear over-regulation could kill hedge fund industry

Wednesday, December 05, 2012

From Komfie Manalo, Opalesque Asia:

Hedge fund managers who took part in the latest Opalesque 2012 Zurich Roundtable have voiced concern that new regulations have made it very difficult for new managers to build their business.

The Opalesque 2012 Zurich Roundtable took place in the office of Eurex and was sponsored by IDS, Taussig Capital and Eurex.

Speaking during the Roundtable, Dr. Urs Ramseier, chairman of Twelve Capital, an investment manager specializing in insurance related investments, said, "Today, an asset manager needs a risk manager, a portfolio manager, compliance officer, and so on. The barriers of entry are now much higher. The worry is that these developments will in the end kill the single fund management industry in Switzerland. Just look from where the innovation in our industry is coming from. It is not coming from places like UBS or Credit Suisse, but rather from the smaller asset managers who set out on their own. They have a good idea, create their fund and if they are successful they will raise assets and grow. This is how the innovation is happening."

Two or three years ago, talented investment professionals were able to st......................

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