Banque Syz, the Geneva-based private bank, is bundling its alternative investment expertise, readying itself for a change of market conditions as a consequence of the coronacrisis.
Banque Syz aims to become a global center of competence for alternative investment solutions, it said in a statement on Monday. To achieve this, it is bundling its expertise from across the bank on alternative investments.
Japan-Style Low Growth Environment
Syz Capital will bring the asset management alternatives team and the private banking global investment solutions team under its umbrella. Syz Capital originally was created to offer sophisticated investors, families and entrepreneurs the ability to co-invest alongside the Syz family in opportunities that were traditionally only accessible to institutional investors.
The bank believes that the developed world is headed for a Japan-style scenario of lower growth for longer, prompting many investors to broaden their search for alternative sources of strong risk-adjusted returns.
Reacting to Difficult Market Conditions
«Alternatives will help investors navigate this difficult market environment,» said Marc Syz, CEO of Syz Capital. «Liquid alternatives, such as hedge funds, are recognized for their reduced correlation to traditional asset classes, which allow them to generate attractive returns across market cycles with low levels of volatility.»
Syz Capital will have 1 billion Swiss francs ($1.03 billion) in assets under management.
