Wed, Jul 30, 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

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 manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass