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February 4, 2014updated 04 Apr 2017 2:32pm

Limmat Capital receives further approval from Swiss financial regulator

Swiss Financial Market Supervisory Authority (Finma) has given Limmat Capital Alternative Investments approval as an asset manager of foreign collective investment schemes.

By Verdict Staff

Swiss Financial Market Supervisory Authority (Finma) has given Limmat Capital Alternative Investments approval as an asset manager of foreign collective investment schemes.

Limmat Capital, which specializes in liquid long/short equity and balanced fund strategies, is already regulated by Finma as an independent investment management firm.

According to an Investment Europe report, the additional authorisation means Limmat Capital is moving forward in its plans to become a multi-disciplinary investment management firm and alternative investment platform.

Martin Macanovsky, CRO and COO at Limmat Capital, said: "The FINMA approval as well as nearly a decade of consecutive annual profits made for a wonderful start to 2014 and is a further tribute to our growing business.

"We look forward to sharing our extensive trading and research expertise and working with a diverse range of investors in the years to come," Investment Europe quoted Macanovsky as saying.

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