07.06.2019 Alpine Select AG receives FINMA license to act as distributor under collective investment schemes act (CISA)
Zug, 07 June 2019
Alpine Select AG receives FINMA license to act as distributor under collective investment schemes act (CISA)
Alpine Select Ltd. («Alpine Select», the «Company») fulfills the licensing conditions following Art 13 para 2g, Art 14 and 19 Collective Investment Schemes (CISA).
The Swiss Financial Market Supervisory Authority («FINMA») grants Alpine Select the license to act as distributor under the Federal Act on Collective Investment Schemes (CISA). The license entitles Alpine Select to act as the distributor for the foreign collective investment scheme Alpine Select Alternative Fund in Switzerland; the distribution of this collective investment is directed to qualified investors only.
Incorporating a FINMA-licensed and income generating activity, Alpine Select under the Swiss Exchange rules is no longer considered an investment entity. Consequently, the Company will seek a segment change in consultation with SIX Exchange Regulation. Alpine Select will inform about the possible segment change in due time.
About Alpine Select
Alpine Select Ltd is an investment company domiciled in Zug and has been listed on the SIX Swiss Exchange since 1998. The company offers its shareholders the key benefit of investing into a diversified alternative investment portfolio. Alpine Select maintains an active and constructive dialogue with management and board of directors of its portfolio companies in the best interest of its shareholders. Alpine Select does not charge any management or performance fees. The Company’s shares are liquid and have traded at or close to its Net Asset Value.
- Press release (in PDF format)