Wed, Jul 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Better asset management solutions could help support Swiss private banking in future

Thursday, December 20, 2012

Benedicte Gravrand, Opalesque Geneva:

For Swiss private banks, the last few years have been characterized by high volatility, low interest rates, a strong Swiss franc and reduced earnings, according to KPMG, a global audit firm. These features along with a marked increase in regulatory costs have put margins under enormous pressure and are forcing banks to develop sustainable growth strategies.

Swiss allocators and fund managers at the recent Opalesque Geneva Roundtable discussed the state of Swiss private banking (as well as assets going through Swiss banks to hedge funds) and reached similar conclusions. Swiss private banks, which already have a strong focus on asset management, are not seeing as much inflows as before (or as much fee income according to some), and this headwind could be compensated with better asset management solutions, better risk measures and more transparency. It was also said that, after Madoff, many private clients are no longer willing to invest in hedge funds - or anything else for that matter, and that U.S. investors are no longer making the Swiss pilgrimage.

A 2012 survey conducted by KPMG and St. Gallen University, according to an article in Swiss daily Le Temps yesterday, says that current pressures on bank secrecy and more complex ......................

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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe