Citywire - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Zurich boutique launches Finma-approved FX fund

Zurich boutique launches Finma-approved FX fund

Zurich-based Eniso Partners has unveiled a new FX strategy, Citywire Switzerland can reveal.

According to partner Gerd Ramsperger and portfolio manager Roland Kramer, the Eniso Systematic FX Fund is the first of its kind to be regulated by Finma.

The firm took note that investors were looking for solutions with low correlation to traditional asset classes such as equity and bonds.

‘Raising funds is always the starting point for a boutique like us. There was demand from family offices, that is why we took the decision to launch this fund,’ Ramsperger said.  

Kramer, who is the lead fund manager on the new strategy, joined the firm in January.

However, he has many years of experience in the field, having started out in foreign exchange in 1984. He also worked on FX mandates at J.Safra Sarasin, before heading out on his own in 2015.  

Following patterns

The new fund invests in liquid currency pairs, including Japanese yen and the US dollar, the Swiss franc and the euro.

‘We are looking for daily liquidity, and Australian or Canadian dollars, for example, are not very liquid during certain times. In the meantime other currencies are traded with tight spreads, which is also important for the FX fund,’ Kramer said.   

One distinctive feature of the new strategy is its focus on the systematic and rule-based approach, which is also a hallmark of some of the firm's other funds.

Kramer says the fund uses a pattern recognition approach, noting that it is quite easy to show clients how those patterns interact with each other.

‘One example of patterns we use is a so-called inside day in a chart, which indicates the direction in which the market is going. We use this kind of information either as a stop-loss or to take profit.’ 

The annual management fee of the FX fund is 1%. Performance fee is 20% on the LIBOR plus 200 points.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Switzerland 2017

    Citywire Switzerland 2017

  • Citywire Zurich Alt Ucits 2017

    Citywire Zurich Alt Ucits 2017

  • Citywire Zurich Alt Ucits 2017

    Citywire Zurich Alt Ucits 2017

  • Citywire Zurich Alt Ucits 2017

    Citywire Zurich Alt Ucits 2017

  • Citywire Montreux 2017

    Citywire Montreux 2017

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Zurich 2016

    Citywire Zurich 2016

  • Citywire Zurich 2016

    Citywire Zurich 2016

  • Citywire Zurich 2016

    Citywire Zurich 2016

  • Citywire Switzerland 2015, Gstaad

    Citywire Switzerland 2015, Gstaad

  • Zurich Forum 2015

    Zurich Forum 2015

  • Zurich Forum 2015

    Zurich Forum 2015

  • Geneva Roundtable 2015

    Geneva Roundtable 2015

  • Geneva Forum 2015

    Geneva Forum 2015

  • Geneva Forum 2015

    Geneva Forum 2015

  • Citywire Gstaad 2014

    Citywire Gstaad 2014