Swiss asset manager Bellecapital has acquired a competitor specialized in alternative investments. In the wake of the transaction, a platform is about to be launched for investment managers to join, finews.ch can reveal.

Bellecapital acquires GL Funds and continues to build out its offering suite and investment expertise. «Erlenbach-based GL Funds has been a pioneer in non-traditional investment solutions over 20 years, thus complementing Bellecapital’s distinguished knowhow in long-only multi-asset solutions,» Mark Eberle, co-founder of Bellecapital Holding, told to finews.ch.

«The transaction is a milestone in Bellecapital’s expansion. In addition to wealthy individuals, families and endowments, we can now also cater to institutional clients – such as independent asset managers, pension funds and insurance companies,» said Beat Bass, chairman of Bellecapital Holding.

Platform for Talented Investment Teams

In the wake of the transaction, some existing solutions of GL Funds are currently restructured to be better aligned with client needs. Furthermore, the concept is to build a central platform for other experienced and promising investment teams and thus to play an active part in the upcoming consolidation of the asset management market.

«We are well positioned to create and offer a platform for talented investment teams due to our institutional infrastructure and regulatory licenses in Europe, the U.S. and Switzerland. Our infrastructure allows individual investment teams to fully focus on their investment strategies and to work in a sustainable, long-term focused environment,» Mark Eberle added.

Full Performance Responsibility

The founders of GL Funds – Martin Gehring and Roland Leutwiler – will continue to be at the firm’s disposal on an advisory basis. «While the individual investment teams continue to bear full performance responsibility for their strategies and solutions, they will profit from an active shared exchange of investment opinions and market analysis,» Matthias Pfister, managing partner of GL Funds, explained.

As a subsidiary of Bellecapital Holding, GL Funds’s name will be changed to Bellecapital Partners. The registered place of business of Bellecapital Partners is Zurich. The company is a subsidiary of Bellecapital Holding, also registered in Zurich.

Earlier this year Bellecapital agreed to buy Williams de Broë Private Investment from Investec, a South African company, finews.ch also reported.