Hedge funds performed particularly well for Syz & Co

Syz & Co. reported a 30.1% rise in assets under management to SFr30.7bn in 2007, with 83% of the rise due to net new money.

Geneva-based Syz & Co. said its private banking unit attracted a 35.2% rise in assets under management, with the unit comprising 56% of total assets under management.

Assets managed by the Syz's OYSTER fund grew by 15.1% to SFr9.9bn at the end of 2007.

Assets under management at 3A, SYZ & CO's fund-of-hedge-funds management division, recorded a stronger rate of growth than the group's average, with a rise of 63.2% to SFr3.6bn.

Syz & Co. said it had increased its staff level by 27.3% to a total of 317 at the end of 2007.