Reichmuth Plans New Funds to Replace Matterhorn, Luzerner Says

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Christoph Reichmuth, chief executive officer of Reichmuth & Co., is planning to set up successors to the private bank’s Matterhorn Fund, which will be dissolved next week, Luzerner Zeitung reported.

The new funds will be open only to “known customers,” Reichmuth told the Swiss newspaper in an interview, adding that Matterhorn had returned around 7 percent a year over 13 years.