Alternative investments boutique Crossbow Partners has hired Vontobel's head of macro and systematic strategies.

David Friche, who was handed his most recent role at Vontobel in 2016, is now a partner and senior analyst for macro strategies at the Baar-based asset manager.

During his time at Vontobel, Friche was also head of hedge fund research and portfolio management from 2001 to 2012.

Prior to that, he was senior hedge fund analyst and portfolio manager at Syz Asset Management in Geneva.

Crossbow Partners decided to strengthen its alternatives team as it believes traditional assets are becoming expensive and will only produce limited returns in the coming years.

The firm stated macro and relative value strategies in particular are set to benefit from the current environment. 

In August 2017 the firm hired two portfolio managers from HSBC Altenative Investments, Peter Rigg and Peter Rice, to boost its expertise in liquid alternative investmenets.