Alpina Capital, the asset manager that took over the management and distribution of the Falcon Private Bank catastrophe bond funds, has now been approved as a manager of collective assets by FINMA in Switzerland.
Alpina Capital, through its Alpina Fund Management S.A. unit, acquired Falcon Fund Management (Luxembourg) S.A. at the end of 2020, taking over the business and the catastrophe bond funds, after which it transformed them into ESG compliant strategies under the EU taxonomy.
Alpina Capital has now received approval as a manager of collective assets from the Swiss financial market supervisory authority FINMA.
This will give the investment manager greater access to the Swiss pension fund community, with the cat bond funds likely to be one area of focus as Alpina seeks to grow the strategies.
The sustainability-focused investment manager said that the FINMA license has been issued under the KAG (Collective Investment Scheme Act), meaning that Alpina Capital now meets all the requirements of new financial market regulation under FinIA and FinSA for the management of collective assets.
“FINMA’s approval as a manager of collective assets is an important step on our growth path.
“We want to continue this through the targeted expansion of customer service, the inclusion of entrepreneurial asset managers and our consistent focus on the topic of sustainability,” explained Daniel Nikolovski, CEO and founder of Alpina Capital.