In order to meet ever evolving investor requirements, and take advantage of opportunities available in global markets, SYZ Capital will now be incorporating the liquid alternative expertise and hedge fund solutions previously available under SYZ Private Banking and SYZ Asset Management and will represent a total of CHF 1 billion AuM.
Sherban Tautu, Head of Global Investment Solutions (GIS) along with his discretionary and advisory alternative account teams, previously under SYZ Private Banking, will move across to SYZ Capital. Continuity will be ensured across client portfolios, which will be managed by the same expert team.
Cédric Vuignier, responsible for alternative research and investments at SYZ Asset Management, and his team are also joining SYZ Capital where they will continue to manage the OYSTER Alternative Uncorrelated fund and the OYSTER Alternative Multi Strategy fund, as well as a white label UCITS Alternative offering.
The expansion recognises the increasing appetite for alternative investments and changing investment dynamics. Eric Syz, CEO of SYZ Group, says: “While long-only strategies are increasingly commoditized, alternative investments represent the future for active managers”. Over the last few years, investors like ourselves have increasingly been seeking sources of diversification, away from traditional equities and bonds, as the markets exhibited late-cycle dynamics. The acute market volatility we are witnessing as a result of the Coronavirus crisis will elevate the appeal of these strategies even further.”
“The pandemic is a black swan event, which has abruptly brought an end to market directionality. The resurgence of volatility will require investors to adopt stronger risk mitigation strategies, downside protection and drive demand for diversification through alternative assets. We believe investors should have 20-30% of their portfolio exposed to alternatives. We are now fully equipped to help investors achieve this target across the liquidity spectrum over the years to come.”