Alternative Specialist, ITERAM Capital, Granted Asset Manager Licence
GENEVA, Switzerland, Jan. 13, 2021 (GLOBE NEWSWIRE) --
ITERAM Capital SA, an independent alternative investment company, is pleased to announce that it has been authorized by the Swiss Financial Market Supervisory Authority (FINMA) as an authorized asset manager of collective investment schemes. This new licence is an addition to the company's current licence of providing representation services for foreign collective investment schemes to qualified investors in Switzerland received in 2017. With these two authorizations, ITERAM aims to become a leading alternative asset manager player covering private markets, hedge funds, and liquid fund alternatives.
Commenting on this new licence, Manuel Garzelli, Partner and CEO of ITERAM, said: “A major milestone has been achieved at ITERAM. The company will be able to accelerate its growth by strengthening its Swiss presence and activities as an innovative and reliable alternative investment and lending specialist. This recognition underlines the company's strong commitment to a rigorous framework for its asset management and fund representation activities, and will meet the expectations of Swiss and foreign professional and institutional clients.” Marc Sbeghen, Founder and Head of Research, added, “We are proud to have met the stringent regulatory requirements and be able to provide investors access to alternative investments that have the potential to generate consistent returns independent of broader market directionality.”