Tuesday, 9th February 2010

 

26 November 2009 - David Bain

Swiss wealth manager signs up ex-Irish premier

Helvetia Wealth, a Zurich-based wealth manager, has signed up the former Irish premier Bertie Ahern to help promote its international forestry fund.

Ahern will become chairman of the fund, a joint venture between the Irish Forestry Fund and Helvetia.

The fund invests in forestry in Ireland, the UK and Central America, and buys existing forests, or land which is then afforested.

The fund is open-ended with a five-year initial lock-up period. Minimum investment is €100,000. The fund targets annualised returns of 7% to 10%. There is a 1.5% management fee and a 10% performance fee over 10-year Euro Bond returns.

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