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Alternative Market Briefing

Swiss FoHFs house Prodis Advisors losses 60% of assets to credit and Madoff crises, redemptions

Wednesday, January 28, 2009

From the Opalesque Team: Prodis Advisors, a fund management firm specialising in alternative investments with offices in Zurich and Geneva, has seen its AuM reduce by 60% since the beginning of the credit crisis in early 2007. Assets went from $1bln to $350-$400m, according to Swiss daily Le Temps. The company has also had to reduce its personnel too, from 24 to 13 people.

Losses were partly due to poor performance (Altium, for exam......................

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