Opalesque Industry Update –
SYZ Asset Management, the institutional asset
management of the Swiss banking group SYZ & CO, is supplementing its
alternative management offering with a managed accounts platform
(segregated funds), which is now available in addition to its existing tailored
alternative mandates and funds of hedge funds. SYZ Asset Management intends
to make this new service a benchmark in its field. The platform, which is the
result of close cooperation between SYZ Asset Management and UBS
Investment Bank, features substantial advantages in terms of transparency,
risk management and reporting. As part of this cooperation, SYZ Asset
Management will select managers to be included on the platform and will
manage investment mandates as well as other investment vehicles.|
SYZ Asset Management selected the UBS platform for the flexibility it offers to hedge fund managers, its extensive reporting and highly sophisticated risk management. Compared with competing structures, it is a highly attractive platform for hedge fund managers, as it does not necessarily require hedge funds to change their liquidity frequency or prime broker, enabling them to retain the same strategy as in their original hedge fund.
SYZ Asset Management will perform multiple roles in the operation of the platform. First of all, SYZ Asset Management will propose and select managers to be included on the platform. It will also manage the alternative investment mandates and other investment vehicles whose assets will be placed on the platform. Finally, it will be able to launch new investment solutions using the platform’s managers. A novel multi-manager product, combining two specific strategies, will be launched soon.
UBS Investment Bank, for its part, is the operator of this managed accounts platform. This cooperation between SYZ Asset Management and UBS Investment Bank will become effective at the beginning of December 2011. The products resulting from, or built with the help of, the platform will be aimed primarily at institutional investors.
For any further information, please contact:
About SYZ Asset Management