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Switzerland Attracts New Hedge Funds as Industry ‘Reinvented’

Swiss hedge funds have “reinvented themselves” this year as the country attracts new managers by offering lower tax rates than rival financial centers, according to a Zurich University study.

There are 125 single-manager hedge funds in Switzerland managing $14 billion across 71 firms, the report published today by the university’s Centre for Alternative Investments and Risk Management showed. While overall numbers were stable, one-third of the funds that operated two years ago have either gone out of business or now offer other asset management services, it said.