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From Benedicte Gravrand, Geneva: The Geneva representatives of 100-Women In Hedge Funds (website) organised their first Geneva educational event, which focused on the practical and operational implications of operating an alternatives business in Geneva. This comes in time when we are hearing of possible tax-raises in New York and London, which have the potential to push hedge fund managers out of these two centers.

Mr. du Pasquier, financial lawyer, talked about the Swiss regulations; Jabre Capital Partners’ COO, Mr. Riachi, shared with the audience the experience of moving a hedge fund company from London to Geneva and Mrs. Simond, manager at UBP Alternative Investments chaired the debate. The event was sponsored by FinLab (website).

Single manager funds are welcome It is possible to set up a hedge fund in Switzerland under Swiss law, the creation of which was facilitated by the entry into force of CISA on 1st Jan.07 (4 single-manager hedge funds domiciled in Switzerland as of 31st Dec.06). Swiss-based single manager funds can for example use 6x leverage and invest in derivatives. The two main obstacles however are in the domicile regulations and the tax issues. Switzerland is also home to 120 FoFs.

Switzerland is not a tax heaven The taxation system does not for the moment......................

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