Bloomberg – Swiss hedge funds have “reinvented themselves” this year as the country attracts new managers by offering lower tax rates than rival financial centers, according to a Zurich University study.
There are 125 single-manager hedge funds in Switzerland managing $14 billion across 71 firms, the report published today by the university’s Centre for Alternative Investments and Risk Management showed. While overall numbers were stable, one-third of the funds that operated two years ago have either gone out of business or now offer other asset management services, it said.
