Yodel for joy! The Swiss give go-ahead for single hedge funds

country focus: switzerland

For the first time in recorded history, it is now theoretically possible to establish a Swiss single manager hedge fund, according to Shelby du Pasquier at Lenz & Staehelin in Geneva, since both foreign and domestic prime brokers have been recognised.

The rules pertaining to risk spreading and other investment restrictions have also been relaxed. "It depends how the Swiss Federal Banking Commission (SFBC) applies the rules but I expect to see the creation of a number of single manager hedge f