New member joining the OpenFunds family!

January 2017

OpenFunds is pleased to announce that Olivier Lehmann has joined OpenFunds in the Legal Representative team, reporting to Roger Stoffel. After his legal education in France, Olivier has obtained an MBA in Business Law & Management from the Ecole Supérieure de Gestion in Paris. During this time Olivier worked as an apprentice in the legal department of the structured finance team at Société Générale CIB in Paris. In 2014 he then moved to Société Générale Zurich branch, where he first worked as Legal Counsel before joining their Legal Representation team.

OpenFunds announces the closing of The London Heritage Fund

December 2016

OpenFunds is pleased to have served as the exclusive placement agent for the first fund advised by Luxx Lonodn Investment (‘Luxx’), with final commitments of more than GBP 33 million. The London Heritage Fund is the first of a series of funds Luxx is planning to launch.

The London Heritage Fund’s successful closing is indicative of the strong network of OpenFunds and its partners during a difficult fundraising environment for a first-time fund active in the real estate sector in the UK, especially in the aftermath of Brexit.

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OpenFunds has been able to secure over 130m USD for three alternative managers

December 2016

OpenFunds has been able to secure over 130m USD for three alternative managers:

  1. Investors committed 42.5m USD for a first-time real estate fund. The strategy of Luxx London Investment, the Property Adviser, has been since a quarter of a century the conversion of office space into luxury residential flats in Prime Central London. OpenFunds acted as the sole placement agent for this fund.
  2. One investor committed 40m USD to a managed account in the Insurance-Linked Space. The account has been devised following the investors needs with a regular coupon-paying feature and will be managed by one of the leading managers in this space.
  3. One investor committed 50m USD into an African Trade Finance Fund, which, thanks to this investment is now closing to external investors. OpenFunds and the manager have devised a customised share class which features a regular distribution.

Siro Zanovello, co-Founder and CEO and Wolfgang Landl, co-Founder and Advisor commented this result by saying “We are pleased with this year-end result having received strong support from institutional investors and large family offices from Switzerland and the Middle East, who value the strategies and the managers we present to them. For nearly a decade the principals at OpenFund have concentrated on strategies and funds that have a strong focus on capital preservation and current yield. The longer the current interest rate environment persists, the more we see investors allocating to such funds, often foregoing the principle of daily or weekly liquidity, which was considered inalienable since the financial crisis”.

OpenFunds secures close to 100m USD for the launch of 2 new distributing share classes

December 2016

OpenFunds has been able to secure from two large Gulf institutional investors seed capital for one of the core funds it distributes. The fund, active in the direct lending space for the last 8 years, was "seeded" by the Principals of OpenFunds when they brought the first external investor back in April 2009.

The two distributing share classes are a response to investors search for alternative fixed income strategies with a regular distribution/coupon. While the first one is being seeded with a 20m USD commitment, the second one has a 75m USD commitment. Both share classes will pay quarterly coupons and in both cases the yearly performance will be distributed to investors. Targeted coupons are in the region of approx. 6-8% p.a.

Change of address

December 2016

We are pleased to inform you that on December 1, 2016, we have moved into our new business premises. With immediate effect, our new address for all correspondence is as follows:

OpenFunds Investment Services AG
Seefeldstrasse 35
8008 Zürich

There is no change to phone and fax numbers; e-mail addresses also remain the same.

Change at Management Level

December 2016

OpenFunds is pleased to announce that Siro Zanovello, co-founder, Senior Partner and Head of Distribution Services has been nominated Chief Executive Officer from 1 October 2016. Wolfgang Landl, co-founder and former CEO, will continue to serve as Advisor and Member of the Board of OpenFunds.

Vexed by Vix: post-Brexit squeeze sparks fears of losses

October 2016

Rerun of short squeeze on Vix futures could backfire on speculators

Louie Woodall   Staff writer at Risk.net

Taylor Lukof, CEO of ABR Dynamic Funds and a manager OpenFunds exclusively is promoting, shares his view about the CBOE Volatility Index (Vix) in the aftermath of the Brexit event together with colleagues from Nomura, Deutsche Bank, Credit Suisse, Pimco and Macro Risk Advisors.

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Luxx London Investment (‘Luxx’) and OpenFunds Investment Services (‘OpenFunds’) announce the completion of the second closing of the first closed-end real estate fund advised by Luxx.

October 2016

Luxx, in the capacity of the property adviser, and OpenFunds, the exclusive global distributor of Luxx, today announced the successful second closing of the first closed-end real estate investment fund advised by Luxx. With a focus on Prime Central London only, the fund’s strategy is to buy (mainly) period buildings utilised today as offices and convert them into residential units.

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Direct lending funds and Brexit

August 2016

Craig Reeves   Founder and CEO of Prestige Asset Management, Vice Chairman of OpenFunds Investment Services AG

Following the vote by the UK to leave the European Union, many investors are wondering what sort of impact they can expect on their UK investments. The outcome of the vote has been a shock to many, but this article will outline the fundamentals that continue to underpin the UK's economic story post-Brexit.

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Luxx London Investment (‘Luxx’) and OpenFunds Investment Services (‘OpenFunds’) announce the completion of the first closing of the first fund advised by Luxx.

June 2016

Luxx, in quality of the property adviser, and OpenFunds, the exclusive global distributor of Luxx, today announced the successful launch and initial funding of the first closed-end real estate investment fund advised by Luxx. With initial commitments of approx. 24 million USD the fund will be able to proceed with the acquisition of the first property.

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Tundra Fonder launches Vietnam office

May 2016

We are pleased to inform that our partner Tundra Fonder, a leading asset manager in the Frontier Market equity space, has opened an office in Ho Chi Minh City. This latest move is a testimony of the strong commitment Tundra Fonder has in having a local presence in the markets it is investing in. The Vietnam office is the third office next to Stockholm (headquarter) and Karachi (research office with 5 investment professionals). The company now counts 11 investment professionals and manages over 200m USD.

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OpenFunds and Probus organize 3 events on the subject Emerging and Frontier Markets

April 2016

OpenFunds and Probus Fund Management, in cooperation with The Lantern Research, are organising three events on the topic of Emerging and Frontier Markets. (open exclusively to qualified investors).

The events will be held in:

Lugano: 18 April - Zurich: 19 April - Geneva: 21 April

Asset based finance - The asset class investors are starting to look at

March 2016

Wolfgang Landl
Managing Partner, OpenFunds Investment Services AG, Zurich

Siro Zanovello
Senior Partner, OpenFunds Investment Services AG, Lugano

Craig Reeves
Founder and CEO of Prestige Asset Management, Vice Chairman of OpenFunds Investment Services AG

We are pleased to inform that our partner Tundra Fonder, a leading asset manager in the Frontier Market equity space, has opened an office in Ho Chi Minh City. This latest move is a testimony of the strong commitment Tundra Fonder has in having a local presence in the markets it is investing in. The Vietnam office is the third office next to Stockholm (headquarter) and Karachi (research office with 5 investment professionals). The company now counts 11 investment professionals and manages over 200m USD.

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L'investisseur découvre le charme du crédit garanti par des actifs réels

February 2016

Craig Reeves   Non executive Vice Chairman of OpenFunds and Founder and CEO of Prestige Asset Management Ltd.

"Les investisseurs qui gèrent des placements non classiques restent sensibles au risque de liquidité". (Le Temps)

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Luxx London Investment and OpenFunds Investment Services join forces

December 2015

Luxx London Investment (‘Luxx’) has entered into an exclusive distribution agreement with OpenFunds Investment Services (‘OpenFunds’). The agreement will see OpenFunds promote the first fund advised by Luxx to its investor network in Switzerland.

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Legal representative services

Roger Stoffel

Distribution services

Siro Zanovello

General enquiries

Olivier Lehmann

Zurich Office

Seefeldstrasse 35
8008 Zurich

Phone: +41 44 500 3108

Lugano Office

Via S. Balestra 27
6900 Lugano

Phone: +41 44 500 3109

Geneva Office

rue de la Cloche 8
1201 Geneva

Phone: +41 44 500 3175