Notz Stucki Shuns ‘Zoo’ of Hedge Funds as AUM Decline

Notz Stucki & Cie SA, a Geneva-based money manager facing shrinking assets four years after reporting losses to Bernard Madoff’s Ponzi scheme, is bidding to shake off its reputation as a specialist hedge fund investor.

The firm is focusing mainly on so-called long-only strategies, which perform well when markets are rising, said Christian Stucki, who founded the company with Beat Notz in 1964 as a fund of hedge funds. Notz Stucki has cut allocations to alternative strategies, including hedge funds, to 40 percent of assets under management from about 70 percent in 2008, it said.