In the Swiss finance sector, considerable importance is attached to asset
management.
The amount of wealth under management in Switzerland is estimated at 5
trillion Swiss
francs (cf. issue 02/2007 of Neue Zürcher Zeitung). Though the offerings of
favorable
passive products are on the rise, there continues to be a demand for
traditional active
management in selected niche products.
Alternative investments, including hedge funds, private equity, real estate
and commodities,
have seen substantial growth during the past couple of years.
At the international level, Switzerland takes a leading role in the fund of
funds business.
We are convinced that these trends will continue. We believe the future
success of asset
management to substantially be dependent on ongoing developments with regard
to the
legal framework and the innovative competence of highly skilled staff.

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