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Benedicte Gravrand, Opalesque Europe:

From the fifteen largest funds of hedge funds (FoHFs) around, six of them are based in Switzerland, said Regina Anhorn, director at Winterthur-based Zurich University of Applied Sciences (ZHAW) School of Management and Law, when speaking at last month’s Terrapinn’s Hedge Fund World Zurich conference. But whereas Swiss-based FoHFs have been able to maintain an impressive market share of over 30% of the global FoHFs industry, Swiss single hedge funds’ market share within Europe in January 2010 was only 4%; Switzerland ranked third behind London (74%) and Sweden (5%) - as London decidedly continues to be the financial centre of choice in Europe.

ZHAW produced a second survey, in September 2010, which focuses on Swiss-based single hedge fund managers and investment advisors with offshore or Swiss domiciled funds or managed accounts.

Apparently, the Federal Council’s strategy report in 2009 said that Switzerland was “still underdeveloped as a location for the management companies of single hedge funds”. And according to ZHAW’s analysis, the Swiss single hedge fund industry is still in its infancy with around $14bn in AuM and 125 individual funds (in 71 companies). Comparatively, according to a different report released by Carbon 360° recently, single manager hedge fund AuA i......................

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