Switzerland has long been a magnet for hedge fund capital - even if London, New York and Hong Kong get more attention for their alternative investment industry.

Low taxes, political stability, a world-class talent pool and a short flight from London — it's a hard combination to beat.

From Geneva's lake-view offices to the (very) quiet money of Zug, Switzerland's hedge fund scene punches well above its weight.

Here are 7 funds worth knowing.

Brevan Howard — Geneva

If there is one name that put Geneva on the global macro map, it's Brevan Howard.

Founded in 2002 by Alan Howard and four co-founders out of Credit Suisse, the firm moved its headquarters from London to Geneva in 2010 — a sign of the times as the UK hiked taxes on the wealthy.

Today, with well over $30 billion in AUM and more than 140 portfolio managers spread across 9 global hubs, Brevan Howard is arguably Europe's premier macro hedge fund.

It specialises in global macro and digital assets, and its reputation for rigorous risk management and high trader standards is legendary.

And in a fitting postscript: founder Alan Howard himself quietly relocated back to Switzerland at the end of 2025 — following a growing number of UK hedge fund figures making the same move amid Labour's tax reforms.

Systematica Investments — Geneva

Led by the formidable Leda Braga, Systematica is the go-to name in European quantitative investing.

Born out of BlueCrest Capital Management in January 2015 — where Braga had built the BlueTrend managed futures program over 14 years — Systematica applies science and technology to systematic, computer-driven investment strategies across futures, equities and OTC instruments.

It has won multiple industry awards and at its peak managed close to $13 billion in assets. With offices in Geneva, London, New York, Singapore and Shanghai,

Systematica punches globally but has deep roots in Geneva. It is also one of the largest woman-led alternative investment firms in the world.

Cevian Capital — Zürich

The largest activist investment firm in Europe, Cevian is a different breed from the macro and quant shops.

Founded in 1996 by Christer Gardell and Lars Förberg — veterans of McKinsey and Swedish investment firm Custos — Cevian takes sizeable minority stakes in underperforming European listed companies and then pushes hard for operational change.

No short-selling, no leverage, no hostile proxy fights.

Instead: boardroom access, long holding periods (typically three to five years) and a relentless focus on restructuring.

With a Zürich office alongside Stockholm and London, and around $13–15 billion in AUM, Cevian focuses on Northern Europe — the Nordics, UK, Germany and Switzerland — where it has the governance relationships it needs.

Targets have included ABB, ThyssenKrupp, Volvo, Bilfinger and UBS.

Teleios Capital Partners — Zug

One of Switzerland's most interesting homegrown activist funds, Teleios was founded in 2013 by Igor Kuzniar and three partners — and launched its flagship fund in April 2014.

Teleios targets mid-cap European listed companies with market caps below $3 billion, working directly with management teams to unlock value rather than going public with campaigns.

It has over $1 billion in AUM, draws its institutional capital from endowments, foundations, pension plans and family offices, and runs a concentrated book of European equity positions.

Based in Zug — a jurisdiction as well-known for its low cantonal taxes as for its discretion — Teleios is a name increasingly cited alongside Cevian when serious investors talk about European activist investing.

Garda Capital Partners — Geneva / Zürich

Garda is a specialist fixed income relative value hedge fund with a strong presence in Switzerland.

Operating across interest rates and fixed income markets globally, Garda has built a reputation as one of the more technically sophisticated relative value shops in Europe.

The fund attracts institutional capital from investors looking for non-correlated returns in fixed income markets — a particularly valuable proposition in volatile rate environments.

It maintains offices across Switzerland alongside its US operations, and counts among the most referenced names when practitioners talk about the serious fixed income hedge fund landscape in the country.

Squarepoint Capital — Zürich

Squarepoint is a quantitative multi-strategy hedge fund with a significant Zürich footprint.

Originally a spin-off from Barclays' POINT quantitative strategies group, Squarepoint applies systematic, data-driven approaches across a range of asset classes and market signals.

Low-profile almost to a fault — typical of quant funds — Squarepoint is rarely in the headlines but is well-regarded within the industry for its research-driven culture and the quality of the talent it attracts.

In Zürich, it competes for quant talent alongside major banks and other systematic managers.

Dominicé & Co — Geneva

For those looking for a more boutique option, Dominicé is worth knowing.

The Geneva-based asset manager runs systematic and discretionary absolute return strategies, with a particular focus on commodity trading and managed futures.

It is FINMA-regulated, independently owned and has been operating since 2005.

The firm is small by global standards — but in Swiss terms, its longevity, independence and track record make it a noteworthy name in the alternative investment landscape.

It is a regular presence at industry events and has a loyal institutional investor following in Europe.

7 Swiss Hedge Funds to Watch