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Opalesque Exclusive: Swiss alternative fund assets up 1.5% in May - Swiss Fund Data AG
In May, the funds covered by the statistics posted a decline in the assets placed in Switzerland of CHF 2.6 billion or 0.4% to CHF 577.3 billion (US$540bln). There were only modest changes in the individual fund categories.
Funds for alternative investments continued to attract assets. In addition to this, these funds
– which largely have a low correlation with traditional investments – were able to post further
gains, and their assets increased by CHF 0.3 billion ($0.29bln) or 1.5%. Full press release: Source
Switzerland`s regulators plan to raise capital requirements above the already high levels maintained
From the FT: It promises to be a long hot summer for UBS and Credit Suisse, Switzerland's two world-scale banks. That is not because of continuing struggles with their troubled US credits, or from new threats to bank secrecy - one of assorted legal challenges from the US.
Instead, the concerns are homegrown, involving Switzerland's regulators, and cut to the core of the banks' businesses.
Last Friday, Eugen Haltiner, chairman of the Swiss Federal Banking Commission (EBK), informed the two banks about plans to raise capital requirements above the already high levels maintained.
Philipp Hildebrand, deputy chairman...................... To view our full article Click here
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