Tobam launches Swiss equity strategy seeded by local pension fund

Tobam, the Paris based manager, has launched a Switzerland equity strategy based on its Anti-Benchmark approach, following its CHF75m seeding by a Swiss pension fund. This follows an October announcement of a similar World ex-Switzerland strategy using the same Anti-Benchmark approach, and also seeded by a Swiss institutional investor to the tune of CHF90m. The latest launch is described as offering an alternative to passive investments in particular, which in the Swiss equity market context are heavily market cap weighted towards three stocks that make up some 51% of the benchmark: N...