Altgate to launch wealth service in 2001

Altgate Capital is set to launch in early 2001 as an investment service for the wealth management industry in Switzerland and the UK. The service will provide access to research and advice on high-quality alternative investments, initially focussing on hedge funds.

The company will be chaired by Jim Baker who was previously co-head of European equities at Goldman Sachs. The company will not be solely focused on the internet and believes that most of its sales will be transacted offline.