Takeover of GR Alternative Fund means Swissca's range will increase in size

Swissca has expanded its range of hedge funds by taking over the GR Alternative Multi-Manager Fund, launched by Von Graffenried Olympia Capital AG in May 2000.

The fund, which has been renamed the Swissca Alternative Invest (SAI) fund, will be domiciled in Switzerland.

It contains two sub-funds, Swissca Alternative Invest Diversified (USD) and Swissca Alternative Invest Diversified (EUR).

By taking over an existing hedge fund of funds with an above-average performance record Swissca is hoping to