Geneva WM partners with boutique to launch fund of funds
Geneva wealth management firm Pleion has announced that it will be partnering with Pfäffikon-based fund boutique Picard Angst to launch a new fund of funds.
The Picard Angst Strategic Allocation fund will be available to affluent retail clients and independent wealth management firms.
The strategy is currently awaiting approval from the Commission de Surveillance du Secteur Financier (CSSF), which is responsible for financial regulation in Luxembourg.
Commenting on the upcoming launch, Pleion CEO Patrick Héritier (pictured) said: ‘We have currently subscriptions for CHF 30 million, with a target of seeding CHF 40 million thanks to some cash positions.’
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