Legal & Services

Bellevue Asset Management is an authorized manager of collective assets of collective investment schemes subject to regulation by the Swiss Financial Market Supervisory Authority FINMA. As such, it is in compliance with all regulatory and legal requirements placed upon managers of collective investment schemes. Bellevue Asset Management is responsible for the operating activities of BB Biotech AG and for the investment management operations of the Bellevue Funds (Lux) SICAV and other investment funds and mandates.
 

Disclaimer / Tax consequences of investment transactions 

Investments can lose or gain in value. Past performance is not a guarantee of future performance. Potential investors should also obtain information about the potential tax consequences related to the purchase, ownership and sale of investment products at their place of domicile and seek advice from a tax specialist at their place of domicile. Please also take note of the brochure «Risks Involved in Trading Financial Instruments»​​​​​​​.

 

The Swiss Financial Services Act (FINSA)

INFORMATION FOR CLIENTS OF BELLEVUE ASSET MANAGEMENT AG

The Swiss Financial Services Act (FinSA) came into force on 1 January 2020. Its aims include strengthening investor protection and the Swiss financial centre, as well as creating comparable conditions for financial service providers. Most of the provisions will apply from January 2022 following a two-year transition period.

The FinSA essentially contains regulations on the provision of financial services and the offering of financial instruments and is intended to improve investor protection. In terms of content, the FIDLEG is closely aligned with the reforms of EU regulations and mainly covers the following areas:

 

 

  • Optimisation of investor protection
  • Transparency of financial products
  • Revision of organisational requirements for the provision of services

FinSA concerns all financial services provided to clients domiciled in Switzerland or to clients abroad from Switzerland.

Bellevue Asset Management AG is a wholly owned subsidiary of Bellevue Group AG. Bellevue Asset Management AG is subject to the Financial Institutions Act (FinIA) and is supervised by the Swiss Financial Market Supervisory Authority (FINMA) as a manager of collective assets of collective investment schemes.

CONTACT INFORMATION BELLEVUE ASSET MANAGEMENT AG 

Bellevue Asset Management AG
Seestrasse 16
CH-8700 Küsnacht
Tel. +41 44 267 67 00
Fax +41 44 267 67 01
info(at)bellevue.ch

CONTACT INFORMATION FINMA

Eidgenössische Finanzmarktaufsicht FINMA
Laupenstrasse 27
CH-3003 Bern
Tel. +41 31 327 91 00
Fax: +41 31 327 91 01
info(at)finma.ch

If you are not satisfied with our services, please get in touch with your contact person at Bellevue Asset Management AG. Alternatively, you can contact our Legal & Compliance department. The contact details are as follows:

Bellevue Asset Management AG
Legal & Compliance
Seestrasse 16
CH-8700 Küsnacht
Tel. +41 44 267 67 00
compliance(at)bellevue.ch

 

 

 

 

 

If we cannot find an amicable solution, you can contact the Swiss Financial Audit Office (FINOS), to which Bellevue Asset Management has affiliated itself. FINOS is a free and neutral information and mediation agency.

FINOS generally only becomes active after the client has confronted the manager of collective assets with the complaint in writing and the latter has had the opportunity to take a stand.

The contact details of FINOS are as follows:

Finanzombudsstelle Schweiz
Talstrasse 20
CH-8001 Zürich
Tel. Inland: 044 552 08 00
Tel. Ausland: +41 44 552 08 00
www.finos.ch
info(at)finos.ch

CLIENT CLASSIFICATION 

The legislation establishes three client classifications: ‘Retail’ (non professional), ‘Professional’ and ‘Institutional’ clients. A change of the client classification can be requested by the client in writing which results in changes in the product offering and investor protection at the same time.The following overview describes the three client classifications and their effects on investor protection.

 RetailProfessionalInstitutional
We carry out an appropriateness or suitability assessment when providing
investment advisory services , depending on the type of advice. In addition,
we carry out a suitability assessment when providing investment management
services. 
Yes 1)Yes 2)No
We document you needs and the reasons for our recommendation during the 
investment advisory process. 
YesYes 3)No
You have access to funds restricted to Qualified investors in accordance with 
the revised Collective Investment Schemes Act (CISA).
No 4)Yes 5)Yes
We provide you with a Key Information Document (KID) as part of our investment
advisory services when you purchase certain financial instruments. For «execution 
only» transactions, this information is only provided if available. 
YesNo 6)No 6)
We are obliged to obtain best execution when handling you securities order. YesYesNo

 

1 For “execution only” transactions without Credit Suisse advice, only Knowledge and Experience is checked for ‘Retail’ clients (non professional).

2 ‘For ‘Professional’ clients it can be assumed that they have the required level of knowledge and experience and that they can financially bear the investment risks associated with the financial service. For “execution only” transactions without Credit Suisse advice, neither an appropriateness nor a suitability assessment is conducted.

3 ‘Professional’ clients can waive advisory minutes so they are not being produced. Without the waiving request advisory minutes are provided to ‘Professional’ clients on request.

4 Exception: ‘Retail’ clients (non professional) having a long-term asset management or investment advisory mandate with a FINMA-licensed Swiss financial intermediary or a foreign financial intermediary subject to equivalent supervision (e.g. Credit Suisse) may be treated as ‘Qualified Investors’ pursuant to CISA and may receive advice related to funds restricted to ‘Qualified Investors’. Their classification according to FinSA remains ‘Retail’ (non professional) and is not impacted by their ‘Qualified Investors’ status.

 5 Being a ‘Professional’ client under FinSA, you become automatically a ‘Qualified Investors’ under CISA and have access to funds not meeting the Swiss distribution criteria (additional restrictions apply to funds without Swiss Representative and Paying Agent).

6 Except on client’s request.

Luxembourg Investment Funds

Bellevue Funds

RBC, Luxembourg, is responsible for fund administration, custodian services and order processing for our Luxembourg-based investment funds. We work with the following local partners in the markets where Bellevue funds are authorized for public distribution:  

Representative in Switzerland
Waystone Fund Services (Switzerland) SA
Avenue Villamont 17
CH-1005 Lausanne

Paying Agent in Switzerland
DZ Privatbank (Schweiz) AG
Münsterhof 12
Postfach 
CH-8022 Zürich

Main Sales Office
Bellevue Asset Management AG
Seestrasse 16
CH-8700 Küsnacht/Zürich 

Paying Agent, Information and Distribution Centre in Germany
ACOLIN (Europe) GmbH
Reichenaustrasse 11 a-c
D-78467 Konstanz

Paying Agent, Tax Representative and Information Centre in Austria
ERSTE BANK der oesterreichischen Sparkassen AG
Graben 21
A-1010 Wien

STARCAPITAL FUNDS 

DZ Privatbank S.A., is responsible for fund administration, custodian services and order processing for the StarCapital Luxembourg-based investment funds. We work with the following local partners: 

Representative and Paying Agent in Germany
DZ BANK AG
Deutsche Zentral-Genossenschaftsbank
Frankfurt am Main Platz der Republik
D-60265 Frankfurt am Main

Representative in Germany
StarCapital AG
Kronberger Straße 45
D-61440 Oberursel

Representative in Switzerland
IP Concept (Schweiz )AG
in Gassen 6, PO Box 
CH-8022 Zürich 

Paying Agent in Switzerland
DZ Privatbank (Schweiz) AG
Münsterhof 12, PO Box
CH-8022 Zürich 

Representative and Paying Agent in Austria
ERSTE BANK der oesterreichischen Sparkassen AG
Graben 21
A-1010 Wien

PURCHASE & REDEMPTION 

Our Luxembourg investment funds are traded on a daily basis. You can invest in Bellevue funds through your house bank or broker by giving the corresponding securities identification number (security number or ISIN) with your order.

Our funds are traded without any mark-up to Net Asset Value (NAV). Bellevue Asset Management does not charge a special commission on the purchase or redemption of fund units. A transaction fee might be charged by your house bank or broker.

We attach great importance to transparency and provide our clients with prompt, comprehensive information. Information on the prices of our funds can be found in the following newspapers published in Switzerland, Germany and Austria and on the following financial portals: Tageszeitungen in der Schweiz, Deutschland und Österreich sowie auf Finanzportalen: 

Here institutional investors and financial intermediaries will find detailed information on administrative procedures and contact details in connection with the purchase and sale of fund units

Swiss Investment Funds

Fund Management BB Entrepreneur Switzerland
PMG Fonds Management AG
Sihlstrasse 95
8001 Zürich 

Custodian BB Entrepreneur Switzerland
RBC Investor Services Bank S.A.
Esch-sur-Alzette
Zweigniederlassung Zürich

Fund Management BB Adamant Fonds
Swisscanto Fondsleitung AG
Bahnhofstrasse 9
8001 Zürich 

Custodian BB Adamant Fonds
Zürcher Kantonalbank
Geschäftshaus Hard A
Postfach
8010 Zürich 

We offer investment funds under Swiss law that are traded daily. You can invest in the funds at any time through your house bank or broker by giving the corresponding securities identification number (security number or ISIN) with your order.

The funds are traded without any mark-up to Net Asset Value (NAV). Bellevue Asset Management does not charge a special commission on the purchase or redemption of fund units. A transaction fee might be charged by your house bank or broker..

We attach great importance to transparency and provide our clients with prompt, comprehensive information. Information on fund prices can be found in the following daily and financial newspapers in Switzerland and on the following financial portals: 

  • NZZ
  • Finanz & Wirtschaft
  • www.fundinfo.com
  • www.zkb.ch Bloomberg
  • Reuters
  • Telekurs

Here institutional investors and financial intermediaries will find detailed information on administrative procedures and contact persons in connection with the purchase and sale of fund units: 

Investment Company

BB Biotech AG is a corporation listed on the SIX Swiss Exchange, in Germany (Prime Standard) and the "Segmento Star" in Italy and is domiciled in Schaffhausen, Schwertstrasse 6. Its business purpose is to invest in biotechnology companies. Asset management, administration and marketing responsibilities have been entrusted to Bellevue Group since the company was founded. 

The Board of Directors of BB Biotech AG consists of highly reputable and experienced industry professionals and scientists: 

  • Dr. Erich Hunziker, Chairman of the Board of Directors
  • Dr. Clive Meanwell, Member of the Board of Directors
  • Prof. Dr. Mads Krogsgaard Thomsen, Member of the Board of Directors
  • Dr. Thomas von Planta, Member of the Board of Directors

For more information on BB Biotech please visit our website www.bbbiotech.com

 

Private Equity

The venture capital products were established under Guernsey law. 

Please contact us for information.

Bellevue Asset Management AG
Seestrasse 16 / Postfach
CH-8700 Küsnacht
Tel. +41 (0)44 267 67 00
Fax +41 (0)44 267 67 01
info(at)bellevue.ch  

Best Execution & Dealing with conflict of interests

Best Execution

Bellevue Asset Management AG, as manager of collective assets, ensures portfolio management and risk management for the entrusted assets. As part of its obligation to safeguard the interests of investors, Bellevue Asset Management AG has taken precautions to ensure the best possible result for investors when executing buy and sell orders. The Executive Board has issued a 'Best Execution' policy, which is reviewed on an annual basis and disclosed to investors upon request. Bellevue Asset Management AG processes all buy and sell orders for financial instruments through brokers. An annual review ensures that approved brokers provide a high quality of service and efficient arrangements to consistently achieve the best possible execution of orders.

CONFLICT OF INTEREST 

Bellevue Asset Management AG takes the necessary precautions to identify and avoid conflicts of interest in its business activities and to protect investors from disadvantages. The aim is to protect its reputation as a manager of collective assets with integrity and fairness, to comply with regulatory requirements and to maintain the trust of clients and business partners.

Bellevue Asset Management AG's actions are geared towards aligning its own interests, those of its employees and shareholders with the interests of its clients. To this end, the employees are committed to the highest ethical standards.

In order to prevent Bellevue Asset Management AG's services from being influenced by extraneous interests, the operational and organisational structure is multi-level and takes into account an appropriate separation of functions. An effective internal control system aims in particular to identify potential conflicts of interest and to avoid them by taking appropriate measures. If a conflict of interest cannot be avoided, such a conflict is disclosed to the clients. The Executive Board has issued a policy 'Dealing with Conflicts of Interest', which is reviewed on an annual basis and disclosed to investors upon request.

In addition, Bellevue Asset Management AG complies at all times with the Swiss Banking Guidelines " Directives on the Independence of Financial Research" of January 2008 (updated January 2018).

Voting policy

As a responsible and long-term investor, BAM supports all measures and initiatives that increase the long-term value of the company in the interests of shareholders and investors. Proposals for resolutions by the management at the Annual General Meetings are assessed with regard to the long-term interests of the shareholders as well as to environmental and social aspects. Proposals that BAM considers to be contrary to these interests may be rejected in the interests of investors.

Further information can be found here.

Automatischer Exchange of Information (AIA)

The Automatic Exchange of Information (AEOI) is an international standard of the OECD, which aims to increase tax transparency. With AEOI, the tax authorities of participating countries exchange data on bank accounts and securities accounts of taxable customers. Switzerland also participates in the AEOI. Like all financial institutions in the participating countries, Bellevue Group AG is obliged to consistently implement the AEOI requirements.

List of Switzerland’s partner countries

Information on the exchange of tax-related information

Official Homepage of the Federal department of Finance (SIF)

EU Regulation 2019/2088 on sustainabily-related disclosurs

Bellevue Asset Management AG and its subsidiaries take sustainability risks into consideration and integrate ESG factors into their investment processes. The information required under Regulation (EU) 2019/2088 of the European Parliament and of the Council of November 27, 2019 on sustainability-related disclosures in the financial services sector can be found here.