When asset managers make losses
Clients receive compensation for losses made by asset manager
The Federal Supreme Court has decided that an asset management company shall compensate two of their clients for the damage incurred by their investments.
One retiree was only left with her OASI pension after her assets shrank from 375,000 francs to a few thousand francs as a result of the asset management’s speculations. Because it violated all rules of diversification, the company has to pay the woman roughly 100,000 francs. Another one of the asset management’s clients will also receive damages in the amount of 100,000 francs. Despite the instruction not take large risks, the asset management company invested in an uncertain venture.
(Source: BGE 4A_45/2016 and 4A_41/2016 dated 20 June 2016)Back