Audio: Swiss asset management industry goes on offensive to boost European market share

Swiss asset managers are trying to boost its prospects as new local laws and the EU’s AIFM directive come into effect in 2013. Many are concerned the Swiss industry will be negatively impacted.

switzerland-composite-web

Switzerland is at a crossroads for its asset management business, particularly for the alternative funds industry. Next year could be crucial for its survival.

Two major pieces of legislation are due to come into effect in 2013: the Swiss revisions to the Collective Investment Schemes Act (Cisa) in February and the EU’s alternative investment fund managers (AIFM) directive in July.

The idea behind the Swiss rule changes is to bring the country’s laws in line with the AIFM directive as well as to

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