Thu, Oct 20, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Etops study highlights Zurich and surrounding region as leading location for the international hedge fund industry

Tuesday, February 01, 2011

Michael Appenzeller
Opalesque Industry Update - An analysis conducted by Etops AG, a provider of operational services to hedge funds and asset managers, highlights the Zurich region as the leading location in Switzerland as a base for asset managers and international hedge funds. The study shows that Zurich has a clear edge over Geneva as an appealing location.

In Pfaeffikon (Canton Schwyz) and Zug, the wider Zurich region has the most attractive locations in Switzerland from a tax standpoint, with both acting as home to significant clusters of financial companies. Zurich also has the greater potential in terms of local investor base. While around 40 percent of the relevant Swiss investors for hedge funds are based in the Zurich region, the equivalent figure in Geneva is around 30 percent.

In the study, Etops aggregated and evaluated a wide range of data – above all for the Zurich and Geneva regions – with a view to establishing the relative appeal of these locations as bases for new or existing institutional asset managers and hedge funds.

The study was designed to produce an objective view of the relevant facts by using official statistics, published market studies, and other assembled data. The Zurich and Geneva regions were compared on the basis of the key locational criteria for hedge funds, such as availability of qualified staff, relevant service providers, taxation, and the available investor pool. In a head-to-head comparison, the Zurich region fared significantly better than Geneva in most areas.

Michael Appenzeller, CEO of Etops, explains: «We undertook an objective comparison of the Geneva and Zurich regions. But we were ourselves rather surprised by quite how far out in front Zurich is.»

The study therefore contradicts the view often put forward elsewhere – and in Continental Europe in particular – that Geneva is and will remain the clear leading location for highly specialized financial services providers such as hedge funds.

The trend of new company start-ups in the alternative investments segment can be expected to strengthen further in the Zurich region. In the words of Marc Rudolf, head of the locational marketing organization Greater Zurich Area AG: “We are pleased by the positive resonance that the results of this study have triggered among UK hedge fund managers. Switzerland is becoming an increasing focus for the industry as the fiscal and regulatory parameters abroad start to tighten. As a result, the Greater Zurich area – including Pfaeffikon and Zug – is growing in importance.” The study can be obtained from Etops.

(press release)

About Etops AG

Based in Pfaeffikon, Canton Schwyz, Etops is the leading service provider for the establishment of and operational outsourcing for hedge funds, funds of hedge funds and institutional asset managers. Corporate website:

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p