Wed, Oct 22, 2014
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

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t