It is estimated that approximately 30% of all global hedge fund investments are allocated through Switzerland. In addition, a number of single manager hedge funds and other related service providers have moved here or set up subsidiaries.
The Roundtable was sponsored by Taussig Capital and took place September 8th 2008 in the offices of Bedrock Group. Opalesque has aligned a hand-picked cross section of the local players, including representatives from UBP, which with over $55 billion is the second largest allocator to hedge funds globally, as well as a partner of $4bln+ hedge fund Jabre Capital, and Dr Stéphane Graber, Deputy Manager, Department of Economy and Health at the Canton of Geneva - who helps hedge funds to move there - and many more:
Anne Simond, Director, UBP
Mark Cecil, Partner, Jabre Capital
Thomas Della Casa, Head of Research, RMF / Man Group
Jean Keller, CEO, 3A
Tony Morongiello, Partner, Caliburn Capital
Dr Stéphane Graber, Deputy Manager, Department of Economy and Health, Canton of Geneva
Peter Sartogo, Managing Partner, Global Wealth Management SA
Joe Taussig, Founder, Taussig Capital
In this Roundtable Script, you will learn:
What opportunities some of the world's leading hedge fund allocators and researches see - despite the ongoing turmoil
With leverage, the big global growth engine until recently, having gone, what can we expect from emerging markets?
How efficient risk management has saved a lot of managers, but allocators still find that when talking to hedge funds "they tell you the truth, but sometimes not all the truth"...
A fundamental discussion on operational risk and due diligence: Are the promises of the fund-of-funds actually worthless when you take a second look?
In what direction the current environment is forcing hedge fund-of-funds in order to survive
How should the fund-of-funds community deal with side pockets?
What is the true issue behind the liquidity discussion?
Background on Jabre Capital's "incredibly successful" move to set up in Geneva
How are family offices coping with the markets and a changing hedge fund world?
The participants of this Roundtable also elaborate on the historic merger of the US/UK based hedge fund Fairfield Greenwich Group with the Swiss private bank Banque Bénédict Hentsch, and why we will be seeing "a lot of hedge fund managers become involved in Swiss private banking".
This new Opalesque Roundtable identifies some of the "fundamental problems" of the hedge fund industry, and how this new confluence can address them.
The Opalesque Roundtable Series offers unparalleled intelligence on the most important global hedge fund jurisdictions and their players. The Roundtable Series is a free publication from Opalesque and is continually updated. Please scroll down to view the full selection of our Roundtables - covering the globe!
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