Swiss bank BCV lins with alts manager on conservative investment strategies. Banque Cantonale Vaudoise (BCV), Switzerland's fifth largest bank, has a deal with Gottex Fund Management aimed at helping its alternative-investment team access new, and mainly conservative, hedge-fund investment opportunities.

Natural fit

"Alternative investments fit naturally into our strategy to offer sophisticated, high value-added products combined with rigorous risk management," says Christopher Preston., head of Lausanne-based BCV's wealth-management group.

Under the agreement, BCV's alternative-investment team draws on Gottex's network and experience in hedge-fund risk management, but the BCV team will take care of research, allocation and portfolio management.

Gottex, which is also based in Lausanne, manages over Swiss Francs 9 billion in a variety of hedge funds. -FWR

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