Intel Suisse is investigating one of Switzerland's potentially biggest financial crimes, with banks, pension funds, wealth managers and international investors facing more than chf 500 million of losses.
Zurich-based Ruvercap Investment AG founded by Jon Turnes & Marc Clapasson advised 3 Ireland-regulated debt funds, Ruver RWC Funds (initiallly named O1 Premium Access Platform ICAV), an umbrella fund structure with sub-funds investing in shorter-term trade financing deals.
Several of these investments, especially those in Bosnia & Herzegovina's Republic of Srpska, have encountered significant issues. Investments in local industries, banks, and hotels are now under scrutiny. A director involved in these investments for Ruvercap’s Swiss entity also served as a director at a Swiss cantonal bank, which alone saw losses surpassing CHF 70 million from client investments in the Ruvercap funds.
Zurich-based Ruvercap Investment AG founded by Jon Turnes & Marc Clapasson advised 3 Ireland-regulated debt funds, Ruver RWC Funds (initiallly named O1 Premium Access Platform ICAV), an umbrella fund structure with sub-funds investing in shorter-term trade financing deals.
Several of these investments, especially those in Bosnia & Herzegovina's Republic of Srpska, have encountered significant issues. Investments in local industries, banks, and hotels are now under scrutiny. A director involved in these investments for Ruvercap’s Swiss entity also served as a director at a Swiss cantonal bank, which alone saw losses surpassing CHF 70 million from client investments in the Ruvercap funds.
