Sat, Nov 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

New Oyster funds classes launched in Swiss francs

Monday, November 07, 2011
Opalesque Industry Update - The Swiss banking group SYZ & CO announced today the launch of new classes in CHF for seven OYSTER funds, which are already available in Switzerland in other currencies. By offering investors the choice of the reference currency, SYZ & CO can better address the specific needs of the Swiss market, which is one of the key areas for development. This focus on Switzerland has also been underlined by a significant reinforcement of the OYSTER Funds commercial team.

Seven new classes in CHF The strategies selected for the launch of new classes in CHF are OYSTER US Value, OYSTER Global Convertibles, OYSTER European Opportunities, OYSTER European Small Cap, OYSTER Credit Opportunities and OYSTER Market Neutral. These funds are already available in Switzerland in their reference currency or in EUR and complement the fund already available in CHF, the OYSTER Diversified CHF. The CHF classes are hedged, meaning that the investor does not incur a currency risk, which is a key factor during this volatile period for the Swiss currency. The launch of these new classes therefore gives investors the choice of choosing the original classes if they opt to incur exchange rate risk or wish to hedge currency exposure themselves, or they can instead opt for the new classes in CHF.

Focus on the Swiss market The launch of these new classes reflects SYZ & CO’s desire to address the specific needs of Swiss professional clients. Indeed, Switzerland currently represents one of the key focus areas for OYSTER Funds’ development.

In addition to the creation of new CHF classes, OYSTER has reinforced its commercial team in Switzerland. With two new arrivals, the Swiss commercial team now includes 8 people, all dedicated to assisting professional clients, which makes it one of the largest fund distribution teams in Switzerland.

Xavier Guillon, CEO of OYSTER Funds said, “We continue to build and invest, even during this time of uncertainty, in order to offer our clients the service and tailor-made follow-up they deserve”.

There are now 33 funds being offered to Swiss investors, including the entire OYSTER Funds range and the 3A Alternative Funds. This range continues to evolve and varies from very conservative absolute return strategies with an established track record, to traditional strategies involving various asset classes or to more innovative approaches such as “Newcits”. Source

Press release

bc

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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  4. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed

  5. Legal - Six years after AIG takeover, lawsuit reveals another potential buyer[more]

    From Institutional investor.com: When former Treasury secretary Henry (Hank) Paulson Jr. testified in a suit last month about the U.S. government takeover of American International Group, his words were — mostly — numbingly familiar. Explaining the “punitive” terms set for the September 2008 bailout