| 19.02.2009 Closures – Opalesque Exclusive: Swiss private bank Reichmuth shuts Matterhorn FoHF after losses, liquidity problems, criticizes Swiss regulator Finma for `side pocket` ruling |
| By the Opalesque Team: Swiss private bank Reichmuth is shutting down its Matterhorn FoHFs, reported Swiss news site Cash.ch yesterday. The managers wanted to use side pockets, which would have been more advantageous to its investors, but Finma did not approve. According to Reichmuth CEO Ricardo Cordero, the regulator Finma disapproved of a side-pocket solution 'without explaining the reason |
| Article source: http://www.opalesque.com/50128/finma/Regulatory_New_Swiss_regulator713.html - Opalesque is not responsible for the content of external internet sites |