Switzerland - PLF on Bankables
The Swiss Private Label Fund (PLF) on bankable assets is a low-cost fund solution and can be distributed to Swiss retail and professional investors. This setup has no EU passporting by standard and can only implement long-only and unleveraged investment strategies with a pre-defined Swiss broker and custodian. Such a format is suitable for actively managed portfolios starting from CHF 10 Mio AUM.
The PLF constitute a fully tax transparent onshore solution
The portfolio must be managed by an authorized Swiss ManCo (client may act as an advisor or delegated Investment manager with appropriate supervision)
No minimum investments or...