At least ten new hedge funds are set to launch in Switzerland
this year, after none in 2012, in a boost to the country's $24 billion
industry, sources familiar with the plans told Reuters.
Fund managers had feared tighter legislation passed this
year would damage the hedge fund sector in Switzerland , but the new rules have
in fact attracted institutions previously unable to invest in such funds by
giving them more protection.
While Swiss single hedge funds make up only a small part of Europe 's $415 billion total, industry insiders see it
growing, with the new regulations helping attract EU demand. Industry sources advising new funds referred
to at least ten fund launches this year which they said could ultimately boost
Swiss hedge fund assets by $8 billion, eclipsing a 10 percent global growth
forecast in a Credit Suisse survey….
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