Conference Chairman

CLE accreditation has been requested

Mr Marc Rudolf

(Director - UK Operations; Greater Zurich Area AG) Switzerland

The growing dissatisfaction of UK hedge fund managers has seen its paroxysm with the worsening of UK tax treatment of carried interest and capital gain tax. The exodus of UK led hedge funds to Switzerland is today a reality. Whether you are planning to sit on your positions and endure the increasingly harsh regulation in the UK or start looking for an alternative host country, one should not miss this unique opportunity to examine all facets of the Swiss opportunity in this all-round Swiss led event brought to your doors in London.

Representatives of hedge funds who have made the step and successfully relocated their funds into Switzerland, hedge funds incubators with local expertise along with tax specialists with proven experience in Hedge funds servicing, will present all key aspects to consider when relocating your operations into Switzerland. The direct benefits for every facet of the Swiss regime will also be demonstrated in opposition of the UK regime, namely by examining:

The Swiss and UK taxation of remuneration to Managers of Private Equity and Hedge Funds
- Forms of remuneration (management fees, carried interest, performance fees)
- Fund management via legal entities
- Fund management via sole proprietorships or partnerships
- International allocation of profits and assets
- Tax planning techniques

The Swiss and UK legal and regulatory environment
- Switzerland and the UK: jurisdictions of incorporation for hedge funds?
- Regulatory status and structuring of Swiss / UK investment advisors and investment managers
- Distribution of Swiss / UK funds and offshore funds in Switzerland and in the UK
- Effect of the draft AIFM Directive

Finding local talent or hiring from elsewhere?
- Current pool of qualified investment managers in Switzerland, analysts, quants, back office personnel…
- Cost effectiveness of investment managers in Switzerland, real estate prices, rents professional services at hand: hedge funds incubators, experienced fiscal lawyers, tax advisers, auditors and book keeping services (Treuhander), IT services, telecom services
- The Swiss Employment law, pensions, insurances, benefits for employees

How hedge funds infrastructure requirements are met
- Relocating your research operations, marketing, distribution, trading, backoffice...
- Access Prime Brokerage, Global Custody, Investment Banks
- The main financial hubs in Switzerland: Geneva and Zurich

Various important topics
- Quality of Life in Switzerland
- The proximity of clients and markets
- Impact on families - Schools, etc
- Sitting next to a quality pool of potential investors

Glossary