Sun, Feb 1, 2015
A A A
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: www.etops.ch

- 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. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would