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![]() Mr Alexander Strasser, lic.oec.HSG, purchased the activities of an asset management company that he himself had set up in 1969. A. Strasser & Co. is a limited partnership, whose partners are personally liable for any obligations of the company. The partners hold the view that the legal form of a limited partnership serves their business partners' interests better than any other since it is most likely to safeguard continuity for the benefit of the clients. As an asset management company, A. Strasser & Co. looks at its clients' interests from a creditor's point of view. The focus is not on turnover activities, but on the maintenance of, and increase (capital gains) in value of, the assets entrusted to its management. A. Strasser & Co.'s decision-making process and investment practice are organised as follows:
The measure of information at our disposal has been carefully compiled with the help of state-of-the-art electronic aids - we have our own database and exchange-rate information systems - and enables us to concentrate the assets entrusted to our management on a small number of investment media. Our clients' cooperation with A. Strasser & Co. is governed by an investment management agreement, in which the business partners' right and duties are set out. By dint of this asset management agreement, the client commissions A. Strasser & Co. to manage and monitor the client's accounts and deposits accounts at a bank of the client's choice. The triangular relationship between the client, A. Strasser & Co. and the bank is governed by a limited power of attorney, which enables A. Strasser & Co. to execute any transaction requisite for the management of the assets at its own discretion, and to represent the client towards any third parties. In particular, A. Strasser & Co. is authorised to buy and sell securities, metals, participations, etc., to exercise or sell options, and to keep all or part of a client's assets liquid or invest them for a fixed period of time. A. Strasser & Co. is not authorised to execute cash withdrawals and transfers, or to raise loans in a client's name. A. Strasser & Co. complies with the SBA's Agreement on the Swiss banks'
code of conduct with regard to the exercise of due diligence. By December 21, 2001 the Swiss Money Laundering Control Authority, supervised by the Swiss Federal Finance Administration, Bern granted to A. Strasser & Co. the authority to act as a Swiss Financial Intermediary according to the Swiss Money Laundering Law of October 10, 1997, article 14 (GwG).
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