Asset management firm, Swiss Hedge Capital, has launched its first hedge fund in Switzerland, Hedge Fund Review reports. The Swiss Hedge Trading Fund will follow the same equity long/short strategy as Swiss Hedge Capital’s Granada Europe Fund, launched in 2004. The new portfolio, which has been has been launched with $10.8 million assets under management, will be regulated by the Swiss Financial Market Supervisory Authority. The fund, which follows an active trading strategy focused on major market themes and invests mostly in large caps and highly liquid stocks, seeks to achieve returns with low correlation to traditional benchmarks.
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