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From Komfie Manalo, Opalesque Asia:

Hedgegate, a database for Swiss funds of hedge funds (FoHFs), released its latest newsletter last week, which showed that 18 new Swiss fund management products had been launched in the first half of 2009 as investors confidence started to pick up.

In July-09, Zurich’s ZHAW School of Management and Law reported that since February 2009, assets of Swiss registered FoHFs had stabilized at the $15bn level.

Fee structures remain unchanged As per end of June 2009, the official fee structure of Swiss registered FoHFs still followed the 1.6% (management fee) / 10% (performance fee) formula. In the context of follow-up products of Swiss registered FoHFs, Hedgegate said it had not yet identified a trend towards lower fees. Lombard Odier, for example, maintained not only its fee structure, but also the terms for its minimum investment sizes.

Early this month, Europe’s hedge fund ‘bogeyman’ Poul Nyrum Rasmussen, the Socialist Party president who led a two-year campaign to introduce the first European Union regulation of the hedge fund industry, told some 300 hedge fund and private executives at London’s Guildhall said he would next press hedge funds to reduce their fees, reported ......................

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