Company:Reichmuth & Co

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Reichmuth & Co
Typeprivate bank[1][2]
IndustryFinancial industry
FoundedLuzern, Switzerland, 1988
Headquarters
Luzern
,
Switzerland
Key people
General partners: Karl Reichmuth, Christof Reichmuth, and Juerg Staub
AUMCHF 8 billion (Swiss Francs) under management (2013)[3]
Websitewww.reichmuthco.ch

Reichmuth & Co is a Swiss private bank that was founded in Luzern, Switzerland, in 1988.[4][5][6] It was the first private bank created in Switzerland in 80 years.[7] Its general partners are Karl Reichmuth (President, since 1996),[8] Christof Reichmuth (CEO and CIO; Karl Reichmuth's son),[8][9][10] and Juerg Staub.[8][11] As of 2012, it was one of 12 unlimited liability bank members listed by the Swiss Private Bankers Association.[12] It is a prominent major player among Swiss hedge funds.[13]

Through its Reichmuth Matterhorn fund, it lost $330 million in four hedge funds invested with Bernie Madoff.[6][14] In December 2008, the fund totaled approximately $3.9 billion, according to chief executive officer Christof Reichmuth, who said: "It’s unbelievable that no auditor, no administrator, no fund manager noticed this fraud. We will have to wait to find out how that was possible."[6] In spite of these losses, Matterhorn returned around 7 percent a year over 13 years.[15]

In 2010, it managed more than CHF 8 billion (Swiss francs), about 25 percent in foreign assets.[15] That year, the company's Chairman predicted that in two or three years the monetary union built around the Euro would break apart.[16]

In 2011, it was planning to set up new funds to replace the Matterhorn Fund, which was being dissolved.[15]

In 2013, it had CHF 8 billion (Swiss francs) under management.[3]

See also

  • List of investors in Bernard L. Madoff Securities

References

  1. ↑ "Die Clariden-Leu-Frage: Sind alte Banken wirklich besser?". Finews.ch. 17 May 2012. http://www.finews.ch/themen/finsider/7160-die-clariden-leu-frage-sind-alte-banken-wirklich-besser. 
  2. ↑ Andreas Flütsch. "Schweizer Banken drohen Millionenverluste – News Wirtschaft: Unternehmen". bazonline.ch. http://bazonline.ch/wirtschaft/unternehmen-und-konjunktur/Die-seltsame-Rolle-der-Bank-Reichmuth-in-einem-Millionenbetrug-/story/25955758. 
  3. ↑ 3.0 3.1 "Facts and Figures – Privatbankiers Reichmuth & Co – Integral Investment Management – CH-Lucerne". Reichmuthco.ch. 
  4. ↑ "Reichmuth & Co Privatbankiers: Private Company Information". Bloomberg Businessweek. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=30335995. 
  5. ↑ Henri B. Meier; John E. Marthinsen; Pascal A. Gantenbein (2012). Swiss Finance: Capital Markets, Banking, and the Swiss Value Chain. John Wiley & Sons. ISBN 9781118238530. https://books.google.com/books?id=8HaQgcTWw78C&dq=Reichmuth+%26+Co&pg=PT82. Retrieved 7 June 2013. 
  6. ↑ 6.0 6.1 6.2 Kresge, Naomi (14 December 2008). "Reichmuth Warns Investors of $330 Million in Madoff Losses". Bloomberg News. https://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_Ehm3fmxcwI. 
  7. ↑ Henri B. Meier; John E. Marthinsen; Pascal A. Gantenbein (2012). Swiss Finance: Capital Markets, Banking, and the Swiss Value Chain. John Wiley & Sons. ISBN 9781118238530. https://books.google.com/books?id=8HaQgcTWw78C&dq=%22reichmuth+%26+co%22&pg=PT82. Retrieved 24 June 2013. 
  8. ↑ 8.0 8.1 8.2 Aussichten (4 February 2012). "Kutteln, Kümmel und Cowboys". SonntagsZeitung. http://www.sonntagszeitung.ch/home/artikel-detailseite-sda/?newsid=205975. 
  9. ↑ Baldwin, Leigh (19 February 2011). "Reichmuth Plans New Funds to Replace Matterhorn, Luzerner Says". Bloomberg News. https://www.bloomberg.com/news/2011-02-19/reichmuth-plans-new-funds-to-replace-matterhorn-luzerner-says.html. 
  10. ↑ Christiane Pütter (27 January 2011). "15 Monate Projektlaufzeit: Back Office auf neue Plattform migriert". CIO.de. http://www.cio.de/finance-forum-germany/2262218/. 
  11. ↑ "Reichmuth & Co – General Partners – Privatbankiers Reichmuth & Co – Integral Investment Management – CH-Lucerne". Reichmuthco.ch. http://www.reichmuthco.ch/dynamic/team_uebersicht_e.asp?seiid=159&ak=10. 
  12. ↑ Boris F. J. Collardi (2012). Private Banking: Building a Culture of Excellence. John Wiley & Sons. ISBN 9780470826997. https://books.google.com/books?id=vic7B6mqjXYC&dq=%22reichmuth+%26+co%22&pg=PT12. Retrieved 24 June 2013. 
  13. ↑ Humayon A. Dar,, Umar F. Moghul (2009). The Chancellor Guide to the Legal and Shari'a Aspects of Islamic Finance. ISBN 9781899217090. https://books.google.com/books?id=WgdREcR1nUUC&dq=%22reichmuth+%26+co%22&pg=PA349. Retrieved 24 June 2013. 
  14. ↑ Monty Agarwal (2009). The Future of Hedge Fund Investing: A Regulatory and Structural Solution for a Fallen Industry. John Wiley & Sons. ISBN 9780470557297. https://books.google.com/books?id=IvWcNW4r4PUC&dq=Reichmuth+%26+Co&pg=PA77. Retrieved 7 June 2013. 
  15. ↑ 15.0 15.1 15.2 Baldwin, Leigh (19 February 2011). "Reichmuth Plans New Funds to Replace Matterhorn, Luzerner Says". Bloomberg L.P.. https://www.bloomberg.com/news/2011-02-19/reichmuth-plans-new-funds-to-replace-matterhorn-luzerner-says.html. 
  16. ↑ "Ist das Ende des Euro nah?". 20 Minuten. 26 May 2010. http://www.20min.ch/finance/news/story/Ist-das-Ende-des-Euro-nah--18080485. 

External links


[ ⚑ ] 47°03′00″N 8°18′09″E / 47.0501°N 8.3025°E / 47.0501; 8.3025



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