Laxman Pai, Opalesque Asia: Switzerland houses the fourth-largest alternative assets industry within Europe, Preqin said in its market report.
The hedge fund market represents the largest alternatives industry within Switzerland (25bn), followed by private equity & venture capital (14bn) and infrastructure (12bn).
Switzerland's market is important in that it houses many key players in alternatives and attracts significant investor capital, and less so for its deal-making activity.
Geneva is home to three of the five largest single manager hedge funds located in Switzerland. These include the country's largest manager, Pictet Asset Management, which operates 8bn in AUM (as of March 2018).
Four in top ten hedge funds managers by AUM located in Switzerland
Switzerland is also home to a market-leading fund of hedge funds sector, with four of the 10 largest Europe-based funds of hedge funds managers by AUM located in the country:
Pictet Alternative Advisors, 10.7bn (as of December 2018)
UBP Alternative Investments, 8.8bn (as of December 2018)
LGT Capital Partners, 6.8bn (as of December 2018)
LumX Asset Management, 6.4bn (as of September 2018)
Pfδffikon-based LGT Capital Partners tops the league table in Switzerland's private capital markets, having raised 15.1bn for investment in private equity & venture capital over the past 10 years, followed closely by Baar-Zug-based Partners Group (14.9bn).
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