Vontobel Asset Management has combined its multi asset class capabilities and Vescore to form a new multi asset boutique.
The merged entity will oversee CHF40bn in assets and will offer systematic, fundamental or combined strategies.
Vescore, which was acquired by Vontobel last year, will continue to offer systematic solutions. Vescore is the asset management unit of Swiss lender Raiffeisen.
Meanwhile, Vontobel Asset Management will continue to provide fundamental solutions.
The combined group will be headed by Daniel Seiler. He presently heads Vescore, where he joined in 2009 as the CIO.
Previously, Seiler managed the hedge fund platform of Swiss Capital Investment.
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By GlobalDataThe latest merger will also lead to the departure of Christophe Bernard, who has been managing the multi-asset segment.
“Markets change all the time, so investors and we must adapt continuously. By combining skill-based and systematic expertise in one platform, Vontobel can access a wider range of alpha sources,” Seiler noted.
Vontobel Asset Management offers solutions covering equities, fixed income, multi-asset as well as alternative investments. The business has operations in 13 locations and a workforce of nearly 400.