Progressive Capital Partners (Progressive Capital), an independent Swiss investment boutique specialising in niche alternatives and managed futures strategies, is to acquire Vontobel Asset Management’s “Alternative Fund Solutions” unit.
Further to an existing mandate and a fund solution, their current team of four specialists will be joining Progressive Capital. More than 80 per cent of the assets under management within this unit originate from pension funds. The team of experienced alternative investment specialists have been developing investment solutions for institutional clients such as pension funds, insurance companies, trusts, and family offices for years.
Ilario Scasascia will head the Customised Solutions units, which will commence its business on 1 December 2019.
Thomas Kummer (pictured), CEO Progressive Capital, says: “Progressive Capital has strategically positioned itself over the past years to service the needs of institutional investors. Thus, the opportunity to acquire the “Alternative Fund Solutions” business from Vontobel Asset Management came at an ideal point in time. This transaction allows us to further expand our services to institutional clients. We are proud to be entrusted with another substantial pension fund mandate and are looking forward to welcoming the team in our offices in Baar, Switzerland, soon.”
“The demand of Swiss pension funds for professionally managed Alternative Solutions continues to be strong. As part of Progressive Capital, we will be able to provide the infrastructure which can satisfy even the most sophisticated institutional investor requirements,” adds Ilario Scasascia, future Head of Customised Solutions at Progressive Capital.