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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

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