GENEVA (HedgeWorld.com)–Switzerland's Federal Banking Authority has given Banque Priv?e Edmond de Rothschild SA permission to market its all-encompassing LCF Edmond de Rothschild Prifund to Swiss investors.
The US$2.5 billion fund includes some 30 sub-funds comprising long-only managers, direct hedge fund investments and funds of funds. In a statement, Banque Priv?e Edmond de Rothschild officials said the Prifund was the first such all-inclusive fund to be approved for distribution in Switzerland.
According to the statement, investors also can get direct access to style-specific funds of hedge funds via several sub-funds that are available separately.
