2015 Press release
And the best hedge funds in Switzerland are…
The upper crust of the hedge funds industry in Switzerland gathered tonight for the 9th edition of the BANCO Swiss Hedge Funds Awards. Launched in 2006 by BANCO, the Swiss Asset Management Magazine, the BANCO Swiss Hedge Funds Awards is an absolutely unique competition in Switzerland. Once again last night, it has been acknowledged as a key event for the Swiss hedge funds industry, with close to 200 guests attending it.
Presented in association with IG Bank and Key Investment Services, the ceremony took place at the Hôtel des Bergues in Geneva and rewarded the 26 best funds available to Swiss investors (both single hedge funds and funds of hedge funds) in 9 different categories.
This year, 290 funds lined up in the hope of getting a coveted trophy, which is slightly less than in 2014. However, the diversity of participants has never been greater for at least two reasons. First, most of the funds decided to compete only with a limited number of classes, which prevented any sort of duplication effect. Second, there have never been as many single hedge funds among the participants, and hence, among the nominees and winners.
As always, the BANCO Swiss Hedge Funds Awards applies strict transparency requirements to participants, not only in terms of their performance history, but also in terms of their underlying positions – all of which allow for a proper assessment of the nominees (selected on a quantitative basis) by a Jury of institutional investors and industry experts.
The BANCO Swiss Hedge Funds Awards recognize both single hedge funds and funds of hedge funds, covering funds that are either registered for public distribution in Switzerland or restricted to qualified investors. However, to remain faithful to its Swiss roots, the competition only considers funds not registered with FINMA if their promoter also includes registered funds in their range or has representative offices in Switzerland. This year, out of 26 winning funds, 7 are registered in Switzerland and 19 are restricted to qualified investors.