Tighter Swiss Regs Attract Hedge Funds, Repel Tax Bandits

Switzerland’s ‘tighter regulations’, yes that’s a term that looks out of place when put together with Switzerland, have apparently failed to deter investors and hedge funds from increasing their standing in Zurich. The $24 billion Swiss hedge fund industry will be experiencing some heavy inflows this year after going through a dry spell last year. A good ten hedge funds will be opening shop in Switzerland this year, after none showed interest in the country last year. Finally bending to the harsh criticism on lax regulation and lack of transparency, the Swiss authorities have been revamping their laws to make them…