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Anne-Cathrine Frogg Spadola By Beverly Chandler, Opalesque London:
The participants at the recent Opalesque Geneva Roundtable sponsored by Custom House Group and Taussig Capital and held at the offices of Caliburn Capital Partners were in accordance that Geneva is having a quiet period post financial crisis.
Anne-Cathrine Frogg Spadola of Mirabaud & Cie said: "There is just not much flow. From a flow perspective it has been a very boring year whereas from the performance point of view we could have expected more outflow. The year started with inflows, we had quite a bit of interest in the UCITS fund. But the Japanese earthquake signalled the end of people thinking it might be an okay year. Ever since that event, there has just been very little from a flow perspective".
Caliburn Capital Partners’ managing partner, Tony Morrongiello reported that from 2000 to June 2008, they had probably had 40% of their assets coming from Switzerland, with a
significant proportion from Geneva. He said: "Today, that’s probably less than 10%. And we are seeing no signs
of that changing yet".
Katherine Hill of Palladio Alternative Research reported that from their offices based in Geneva, they had Swiss clients but also clients from other parts of the world. "There does not seem to be much happening either in new allocations or
redemptions. But people are collecting research and getting themselves prepared. Once they are
comfortable, they will make decisions very quickly. But it is jus...................... To view our full article Click here
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