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Switzerland's Bellecapital Grows Through Acquisition
Tom Burroughes
14 June 2016
Switzerland-based Bellecapital has acquired GL Funds, a firm operating in the area of “non-traditional” investment solutions, after having received regulatory clearance. The financial size of the transaction was not disclosed.
As part of the transaction, GL Funds’ name will be changed to Bellecapital Partners, the Zurich-headquartered firm said in a statement today.
The founders of GL Funds, Martin Gehring and Roland Leutwiler, will continue to be at the firm’s disposal on an advisory basis.
“GL Funds brings excellent talent and clients to Bellecapital and allows expansion into new business lines and client areas. We are well positioned to create and offer a platform for talented investment teams due to our institutional infrastructure and regulatory licences in Europe, US and Switzerland,” said Mark Eberle, co-founder of Bellecapital Holding.