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Swiss Private Bank Loses Hedge Fund Team to Geneva Start-Up

Stephen Harris

11 October 2006

Nicolas Kochnitzky and Francisco Rodriguez have left Bearbull Degroof Banque Privée to form Geneva-based IKON Capital to cater to international institutional and high net worth investors by offering generic commingled fund of hedge funds and customised fund of hedge funds portfolios. The IKON Capital team will continue to provide active investment and portfolio management advice for Alternative Investment Managers Selection, Bearbull Degroof Banque Privée’s Dublin-registered and listed fund of hedge funds, through a long-term advisory mandate agreement. Earlier this year Banque Degroof acquired the Swiss business of Belgian investment management firm Bearbull from its own Luxembourg-based subsidiary, Banque Degroof to form Bearbull Degroof Banque Privée.