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Banque SYZ: Six New Funds of Hedge Funds Launched

Geneva (ots)

- New funds focus on Asia and thematic investment 
   - Asian hedge funds manage approximately USD150bn in AUM
   - Importance of strategy selection has markedly increased
3A SA (Alternative Asset Advisors), the hedge-fund management
division of Swiss banking group SYZ & CO, announces today the launch
of six new sub funds of the Alternative Capital Enhancement SICAV,
3A's Luxembourg-based USD 1.3 bn fund of hedge funds SICAV. The new
sub funds represent two different strategies, ACE Asia Fund and ACE
Opportunity Fund, while they are both available in USD, EUR and CHF.
Like all other ACE sub funds, these new funds are authorised for
distribution in Switzerland as "funds presenting special risks"(1).
ACE Asia Fund
Through a diversified portfolio of Asian hedge funds, the ACE Asia
Fund provides access to the spectacular growth rates achieved by the
world's most dynamic economies. Indeed, China has become the world's
leading producer and consumer, followed by India in second position.
Other countries in South East Asia have also been benefiting from
steeply rising demand across the Asian continent. The resulting
investment opportunities have meant that the alternative investment
industry has grown strongly in Asia, where approximately 1,200 hedge
funds manage approximately USD 150bn in assets.
In addition to their performance potential, these countries offer
a welcome source of diversification away from the North American and
European markets. Investing in this region via hedge funds is all the
more interesting as, promising though they may be in the long term,
these markets remain particularly volatile. For investors wishing to
gain exposure to this region, the downward protection offered by
alternative strategies with their absolute-performance objectives
represents an undeniable advantage.
The ACE Asia Fund was established on 1 June 2007, before receiving
 authorisation for distribution in Switzerland at the end of 2007. It
is now publicly available, like all other sub funds of Alternative
Capital Enhancement, as a "fund with special risks".
ACE Opportunity Fund
The ACE Opportunity Fund aims to generate returns above the
average yield of multi-strategy funds through a portfolio combining
opportunistic hedge funds with managers focusing on what 3A believes
are the most promising investment themes in the short to medium term.
Hence, the ACE Opportunity Fund is able to achieve higher returns
than a conventional multi-strategy fund, albeit accompanied by
somewhat higher volatility. The ACE Opportunity Fund should therefore
be considered as a complement to an existing portfolio of hedge
funds.
This more opportunistic investment strategy is justified by the
fact that alternative strategies have become more cyclical than in
the past. This has resulted in widening performance disparities
between strategies. In fact, the return differential between the most
successful and least successful strategies since 2001 has varied
between 15% and 60% per annum. The importance of privileging winning
strategies has therefore markedly increased.
Currently, the ACE Opportunity Fund focuses on a number of
investment themes and is invested in 17 hedge funds representing
various distinct strategies: US economic slowdown (Macro), rising
default rate (Credit), Russia / Technology / Gold (Long/Short
Equity), increased volatility in Asia (Long Volatility), and
opportunistic managers.
The ACE Opportunity Fund was launched on 1 December 2007 and is
authorised for distribution in Switzerland, where it is, like all
other sub funds of Alternative Capital Enhancement, accessible to the
public as a "fund with special risks".
Administrative Information
Both new strategies are available in three reference currencies
(USD, EUR and CHF) as well as in three distinct share classes. All
six sub funds are open for subscription and redemption on a monthly
basis.
Class A        Class B         Class C
                                                     Institutional 
                                                     Investors
Minimal Subscription   
(all currencies)        1'000         10'000         5'000'000
Annual Management Fee    1.5%           1.5%              1.0%
Performance Fee          7.5%           7.5%              7.5%
Note to Editors
About 3A SA
3A SA (Alternative Asset Advisors) is the alternative management
division of the SYZ & CO Group and has established itself as one of
Europe's leading specialists in the field. 3A manages several funds
of hedge funds, including ALTIN AG, an investment company listed in
Zurich and London, and Alternative Capital Enhancement, a
Luxembourg-based multi-segment SICAV comprising single- as well as
multi-strategy funds and registered in Switzerland as an "investment
fund presenting particular risks". By means of a rigorous analysis
and due-diligence process, 3A selects the world's best hedge funds to
construct made-to-measure multi-manager portfolios, funds of hedge
funds or structured products. In addition, 3A manages several
high-performing alternative products specifically designed for
institutional investors.
As at the end of December 2007, total assets under management at
3A exceeded USD 4bn.
www.3-a.ch
About Alternative Capital Enhancement
Alternative Capital Enhancement is a multi-compartment
Luxembourg-based SICAV as defined in Part II of the Law and is
authorised for distribution in Switzerland as "funds presenting
special risks". It is managed by 3A SA and includes 20 sub-funds of
hedge funds representing various hedge fund strategies
(multi-strategy, arbitrage, long/short, macro and natural resources)
and available in different reference currencies. ACE totals over USD
1.3bn (CHF 1.5bn) in assets. Alternative Capital Enhancement is
represented in Switzerland by Banque SYZ & CO SA.
About SYZ & CO
Geneva-based banking group SYZ & CO exclusively specialises in
asset management via three strongly interconnected lines of activity:
high-level private banking (Banque SYZ & CO SA), a family of
high-performing investment funds (OYSTER Funds) and an acknowledged
expertise in alternative investment (3A SA).
The Group manages CHF 31bn in assets and employs 320 staff. In
addition to the Bank's Geneva headquarters, the Group is also present
in Zurich, Lugano, Locarno, London, Luxembourg, Nassau, Salzburg,
Milan, Rome and Hong Kong.
www.syzbank.ch
(1) Alternative Capital Enhancement (hereafter "ACE") invests in
hedge funds as a "fund of funds". An investment in ACE carries
substantial risks. The risks inherent to an investment in hedge funds
cannot be compared to those related to traditional investment funds
invested in exchange-listed securities. There can be no assurance
that ACE's investment objective will be achieved and investment
results may vary substantially over time. Investors incur the risk of
losing all or part of their investment in ACE. Prospective investors
should carefully consider whether an investment in fund units of ACE
is suitable for them in the light of their personal circumstances and
financial resources (see the section captioned "Risk Factors" below).
The Board of Directors will, however, endeavour to monitor risks
through the selection of ACE's investments based on a due-diligence
process (see the section captioned "Investment Strategy, Objective
and Management Process" below). Persons receiving this Special Sales
Prospectus for Switzerland are informed that it contains only those
funds approved by the Swiss Federal Banking Commission for issue in
Switzerland.

Contact:

Banque SYZ & CO SA
Ricardo Payro
Tel.: +41/22/819'98'05
E-Mail: ricardo.payro@syzbank.ch