A 64-year-old mechanic from the Zurich Oberland allegedly kidnapped a municipal employee - apparently in connection with a seizure Heavily armed officers stormed a house in Hittnau ZH on Friday morning and arrested a 64-year-old mechanic The reason: the man is suspected of having kidnapped a municipal employee at gunpoint two weeks previously Witnesses reported a loud bang when the police stormed the building. "Then I heard screams," an eyewitness who observed the incident from his business across the street told theNZZ The police spent hours removing weapons and ammunition from the building It was only later that the residents learned that their reclusive neighbor was a suspected kidnapper with possible links to the anti-government scene the man allegedly kidnapped a 27-year-old employee of the municipality of Pfäffikon on February 13 the victim was a seizure officer who was apparently involved in the collection of the suspect's debts The man is said to have sat in the officer's car in a parking lot that evening and threatened him with a gun But the plan went wrong: after a short time the young man was able to free himself and flee The suspect had worked as a self-employed mechanic for decades He is said to have become increasingly alienated from society in recent years While he used to emphasize in interviews that he was resisting the "throwaway society" neighbors suggested that he had become increasingly difficult in recent years "If you said the wrong thing, he would talk for half an hour without a break and spread conspiracy theories," one neighbor toldBlick. The man and his partner increasingly withdrew from public life. In 2020, they resigned from the local trade association without giving a reason. Neighbors suspect that he became radicalized during the coronavirus pandemic at the latest. According to Thomas Winkler, President of the Zurich Association of Debt Collection Officers, conflicts with state objectors are particularly problematic. "They are convinced that the state has been dissolved and that debt collection officers have no legal authority," he tells the NZZ. These people are well networked and exchange strategies to resist official measures. As recently as 2011, a radicalized citizen in Pfäffikon shot and killed his wife and the head of the social welfare office. Since then, the cantonal police have set up a special threat management team to deal with such cases. For Winkler, the case is alarming: "The fact that an abduction has now occurred is a worrying development." The police are now investigating whether the man was active in a network of state deniers and whether there are any indications of further radicalization. The 64-year-old is currently in custody - he is presumed innocent until a final verdict has been reached. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world 2018 at 12:01 AM ESTBookmarkSaveLock This article is for subscribers only.As the clock ticks down toward Brexit cities across Europe are scrambling to win jobs fleeing the City of London In the Swiss village of Pfaeffikon—once one of the biggest global centers for hedge fund money—a potential influx of investing professionals is being met with a decided lack of enthusiasm understands the perils of relying on finance as an economic engine Pfaeffikon prospered as its low taxes attracted global financial firms and glass-and-steel office buildings sprang up in the meadows flanking the main street Please enable JS and disable any ad blocker A local group of investors is taking over the property which was originally built for Swisscom as a conference center A regional group of investors led by entrepreneur Bruno Vogelsang is taking over Hotel Seedamm AG intend to continue and expand the business in the same way as before The property at Seedammstrasse 3 in Pfäffikon (SZ) which was once built as a training center for Swisscom is now used as a hotel with conference rooms and a restaurant The Casino Pfäffikon is located in the Seedamm Plaza plans to cut its basic tax rate to 15% from 17% next year It hopes to attract hedge funds that are angered by higher taxes in Britain and the public outcry against the banking industry Pfäffikon is already one of the two headquarters of Man Group the world's largest publicly traded hedge fund The Swiss bank UBS has also recently built a base in the Alpine enclave "We know that many London-based funds are not happy with rising taxes in Britain, so this is a reminder that Switzerland and Pfäffikon are positioning themselves as a hedge fund hub," said Marcel Jouault of the business promotion department at Pfäffikon "Many office buildings will be completed in 2011 and 2012 Lowering taxes will attract more businesses." has registered more than 300 businesses so far this year Highland Capital Management and Twelve Capital travel agencies and beauty centres have proliferated The city is also building a centre to host smaller hedge funds One in four hedge fund managers have moved from London to Switzerland costing Britain's public coffers an estimated £500m in tax revenue according to the consultancy Kinetic Partners have been furious about the new 50% personal income tax rate Hedge fund managers insist their moves are not only motivated by taxes as they also seek an improvement in their lifestyles "We moved from London to Zug [near Pfäffikon] not because of the taxes," said Karsten Schroeder The hedge fund community is battling against poor returns, given volatile credit and equity markets, and against forthcoming tougher regulation. A proposed EU directive is expected to impose more transparency on an industry that for years has remained mostly secretive, without having to publicly disclose their holdings. Hedge funds which manage about $2tn (£1.25tn) globally tend to be very lucrative as they charge 2% of the assets invested You are leaving Man Group’s website and entering a third-party website that is not controlled Man Group is not responsible for the content or availability of the third-party website you will be subject to the third-party website’s terms including those related to privacy and security Stai per uscire dal sito web di Man Group in lingua italiana accederai ai contenuti disponibili sul sito web di Man Group in lingua inglese per gli utenti in Italia Investment management services are offered through Man Group plc’s regulated subsidiaries as identified in the Terms and Conditions Volatile Macro Fund Haidar Leads Peers With Double-Digit Gain Managers’ Bullish Outlooks Remain — But the Price of Gold Is Telling a Different Story Five Things to Watch in Energy Markets in 2025 Mega Hedge Fund Launches Are Rare — and Don’t Ensure Lasting Success Investors’ Concerns About 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Bear Market Warning Signals Begin to Emerge and Winning Grant Funding: Tips for Nonprofits Global West Government Funds Roundtable 2025 2025 East Coast Family Office Wealth Conference Four Seasons Hotel and Residences Fort Lauderdale | Fort Lauderdale DACH Alternatives & Private Markets Symposium 2025 2025 Endowments & Foundations Roundtable East 2025 한국 글로벌 투자 포럼 2025 Korea Global Investment Forum 2025 MEII Abu Dhabi Institutional Investor Summit 2025 北京环球投资论坛 2025 Beijing Global Investment Forum  Back to Fund of Funds 50 Ranking LGT Capital Partners / $9 billion a global innovation powerhouse for surface engineering polymer processing and additive manufacturing has signed a definitive agreement to acquire Riri a highly specialized provider of coated metal accessories for the luxury fashion industry.  is a market leader in metal accessories manufacturing that offers a wide product range and unique selection The company supplies global leading brands in the luxury fashion industry and has a strong foothold in the Italian luxury market The company employs more than 1,100 people and expects to generate sales of €170 million (CHF165 million) in 2022.  Riri includes under its umbrella five different distinctive brands: Riri offering metal and plastic zippers; Cobrax jeans buttons and rivets; Cobrax Metal Hub and DMC development and production of metal components for leather goods; Amom a company focused on the accessories sector for footwear and clothing and on fashion jewels.Headquartered in Pfaeffikon Oerlikon Group operates its business in two divisions – Surface Solutions and Polymer Processing Solutions It has a global footprint of more than 12,000 employees at 202 locations in 37 countries and generated sales of CHF 2.65 billion (about €2.68 billion in 2021) Photo: Oerlikon Oerlikon Group headquarters in Pfaeffikon Switzerland This transaction marks an important step in Oerlikon’s growth strategy and diversifies the company’s Surface Solutions’ offerings and market access The transaction is expected to close in the first quarter of 2023 subject to regulatory approvals and standard closing conditions.  “Riri is highly complementary to our existing luxury business and will reinforce our fashion jewelry and metallic components for leather goods It is the ideal next step after our acquisition of Coeurdor in 2021 and will make us a market leader and an integrated provider with a complete offering of coated luxury metalware for high-end fashion brands,” said Michael Suess “The acquisition will drive cross-selling and strengthen our footprint in the global luxury metalware market which sees mid-to-high single-digit growth rates annually.”  is an excellent fit to Oerlikon’s strengths in coated metal-based fashion components we are ideally positioned in Italy and France and can provide a complete offering to fashion customers,” said Renato Usoni “We are excited to join Oerlikon as it will allow us to accelerate the luxury goods industry’s sustainability transition to greener technology by applying technologies such as Oerlikon’s PVD(*)." (*) Editor’s note: PVD is physical vapor deposition a thin-film coating solution that is more environmentally friendly than traditional processes such as chrome plating $(document).ready(function() { adition.srq.push(function(api) { api.renderSlot("renderSlot_Rectangle-2"); }); }); READ ALSO: The Materials head of the Power Systems division at ABB is leaving the Group to become chief executive officer at Oerlikon Koch will support the succession process before leaving the Group which aims to appoint a permanent successor by the end of the first quarter of 2014 Koch joined ABB in 1994 and had worked in different positions in Switzerland before working as global head of the Transformers business unit in 2002 he became a head of ABB in China and North Asia and joined the Executive Committee in 2010 as head of Marketing and Customer Solutions He has been a head for the Power Systems division since March 2012 “Brice has been a very supportive colleague and friend of ABB in recent years He has done so much to drive collaboration and performance at ABB and we will miss his valuable contribution,” said CEO Ulrich Spiesshofer the repositioning of the Power Systems division continues and I’m pleased that Brice will continue to drive this as we conduct the succession process,” he added Source: ABB The electricity transmission system operator 50Hertz appoints Christine Janssen as Chief Financial Officer Michael Vassiliadis has been named his successor with court approval An alleged cable theft at an ECG substation turns deadly © 2013-2025 | All Rights Reserved MERIT MEDIA INT Two special situations experts have teamed up with an experienced lawyer to launch their own investment management boutique Sacha Schroff and Till Spillmann founded Argon Management in January Fredi Fischer and Schroff previously worked at Partners Group while Spillmann was a partner at law firm Niederer Kraft Frey.  You don't have permission to access the page you requested What is this page?The website you are visiting is protected.For security reasons this page cannot be displayed Connecting decision makers to a dynamic network of information Bloomberg quickly and accurately delivers business and financial information 2023 at 11:08 AM EDTBookmarkSaveLock This article is for subscribers only.The $85 billion firm owned by Liechtenstein’s royal family is sending its cash well off the beaten path to Armenia where it sees local debt outperforming more popular emerging markets beating them on average by 19 percentage points according to Bloomberg data tracking about 5,000 emerging-market bond funds a small Swiss town on the shores of lake Zurich would never suspect that they were in a hedge fund hot spot But many have followed in the wake of London-based Man Group which set up a base in the Swiss mountains several years ago "I moved when it became obvious that government spending was getting silly I knew the culture would translate into higher taxes and more problems," says the boss of a fund with more than $500m under management who recently moved from London to Pfäffikon This mobility and freedom enjoyed by hedge funds will be scrutinised during the forthcoming G20 summit in Pittsburgh World leaders are looking to keep them under control: US President Barack Obama publicly blamed them for blocking a restructuring deal at Chrysler sending the auto maker into administration while the British government was aghast to see them making millions by betting on a fall in RBS shares during the worst of the credit crunch But chances are that whatever politicians do, the hedgies, as they are known, are likely to be a step ahead. In Switzerland some of them are forming small communities outside the traditional financial centres of Geneva and Zurich "If they doubled my taxes in Switzerland I wouldn't go back to London," said the hedge fund manager who recently moved to Pfäffikon "I don't want to spend my life commuting through the Blackwall tunnel and I don't particularly appreciate paying my tax when I get nothing back." With a personal income tax rate of 18% and about 10,000 inhabitants but its well-dressed employees are hard to miss in the village which is being transformed by a boom in construction "There's no recession here – there's no empty office space," said Marcel Jouault Jouault's fund moved from Frankfurt to Pfäffikon four years ago when only a few firms had followed Man Group into town He quit the industry last year "because I could see all the trouble coming" and to drive his Porsche – by no means the only one in town "The relationship with the tax person here is very personal and open," Jouault said but they treat you as if you're paying their salary This tax competition [between Cantons] is beautiful because everywhere you go Jouault is building a luxurious health spa targeting the financial industry's staff and their families "Sometimes the partners who have moved here don't know what to do," he said Newcomers are bringing business with them: the local butcher at the centre of this tiny Alpine spot says sales have soared by 25% said her quiet life changed every lunchtime when she and her staff rushed to serve a queue of as many as 200 English-speaking employees of financial services firms I get a lot of roast beef sandwich requests," she said "I never needed to speak English here before Her central location and lack of competition have also given her the upper hand in other industries: knowing that a customer was trying to work in finance she introduced him to another client at her shop who happened to be a "big boss at one of the big firms," she said the quietness and the skiing are other things that attract hedge funds to Pfäffikon to be near the central European market – and the mountains," said Lars Förberg His Swedish hedge fund opened offices in Pfäffikon two years ago and he now employs about 10 people there – while only one person works for the firm in London Cevian Capital was one of about 10 hedge funds that had moved to Pfäffikon through the Business Development Centre a venture that had facilitated the arrival of about 200 firms over the past few years The integration has not always been smooth as hedge fund managers "They have a special opinion about themselves," Cavallini said Some locals also prefer grass to the glass and gloss A centrally located carpenter is refusing to sell his wooden shop for a hefty fee claiming that he wants to preserve the town's spirit sitting on a sofa on the roof terrace of an office building that hasn't been completed yet Karsten Schroeder said: "We wanted to get out of London – we didn't like London; personally the public transport is bad – living there is not great Now I live by a lake and the mountains." His $1bn futures fund moved from London to Zug at the end of last year attracted by the lower taxes and better lifestyle although you wouldn't go to Switzerland for the regulation you also have very good recruitment opportunities." about 15 funds have expressed an interest in relocating to Switzerland following the British government's announcement of a higher rate of tax The firm had already moved 23 funds to Switzerland in the past 18 months While regulators around the world fight over how to tackle them PFAEFFIKON – Oerlikon has closed the acquisition of Riri which provides coated metal accessories for luxury fashion brands as the Swiss technology company looks for new markets for its Physical Vapour Deposition (PVD) technology Riri will operate as a separate business within the Oerlikon Surface Solutions division and its zippers and buttons will continue to feature the Riri and Cobrax branding Log in or subscribe to see this content Why Subscribe? Subscribe click on the button below and we'll get back to you asap Looking beyond the cutting edge of textile innovation allows you to stay well ahead of the competition That’s exactly what you get through a subscription to T.EVO – which delivers a refreshing new take on the rapid evolution of today’s dynamic textile sector All this from MCL Global – the fastest growing international textile publisher – which can now offer today’s textile industry a unique preview of how today’s industry will look tomorrow You have successfully submitted your enquiry Someone from our company will respond ASAP Sebastian Vettel seen during the Red Bull Formula Nuerburgring at the Nuerburgring in Germany on September 8 // Sebastian Marko / Red Bull Content Pool // SI202309080847 // Usage for editorial use only // has been hit with a shocking ban that will shatter the dreams of fans worldwide After an incredible career boasting four world titles and 53 Grand Prix wins Vettel’s hopes of a comeback have been crushed by an unexpected source – his own children In a recent revelation on Sky Germany’s podcastBackstage Pit Lane Vettel disclosed that his children have forbidden him from returning to the adrenaline-fueled world of Formula 1 The family man expressed his contentment with the peaceful family life he now enjoys emphasizing his children’s happiness at having him present at home “My children told me I’m not allowed to race anymore because they like it so much that I am there With three children and a loving wife by his side Vettel has chosen to prioritize his family over the fast-paced lifestyle of F1 the former champion has embarked on a new journey by enrolling in an agricultural degree program at the BBZ Pfaeffikon center in Switzerland Vettel will soon be well-versed in crop production showcasing his commitment to personal growth beyond the racetrack While Vettel made a recent appearance in Saudi Arabia to promote women’s participation in motorsport through his Race for Women karting event it seems that his off-track endeavors will be the only glimpse fans get of the racing icon Despite occasional appearances at F1 events Vettel remains dedicated to his family and the pursuits that fulfill him beyond the realm of racing As fans come to terms with Vettel’s enforced absence from the F1 scene speculations swirl around the motorsport world From Verstappen’s potential transfer proposition to rumors of Hamilton’s departure from Ferrari the F1 headlines continue to captivate audiences with uncertainty and excitement NASCAR Makes Bold Move to Enhance Safety Measures at Talladega Superspeedway In a dramatic turn of events at Talladega Superspeedway NASCAR has taken decisive action to revamp a.. Red Bull Technology / Red Bull Content Pool Ferrari Unleashes Jaw-Dropping Special Livery for F1 Miami Grand Prix In a mind-blowing revelation Ferrari has pulled the curtains off a jaw-dropping special livery set to dominate the.. © 2025 M Sports - Premium news & magazine M Sports Please enter your username or email address to reset your password © 2025 M Sports - Premium news & magazine M Sports will change hands at the beginning of 2023 Lagardère Travel Retail International Retail will acquire 100% of the shares in Marché International AG the holding company of the Marché group Suggestions & comments to info@food-service.de The bank's former top investment banker has launched a family office.  Roger Studer, the former long-standing Vontobel investment banking head left the family-controlled firm at the end of 2019 as part of a reorganization He's resurfacing with Studer Family Office which according to the firm's website «manages and invests the assets of the Studer family and dear friend.» until now is simply Studer himself as chairman The family office is interested in investments including project finance Studer worked for Vontobel for 20 years and contributed to the bank's heady growth in investment banking, including structured products. The investment bank was effectively dissolved last year in a massive reorganization to focus on investment management Subscribe to the finews.asia WhatsApp channel and receive regular updates with our news and background stories directly to your mobile phone + More on this topic + More on this topic Following the closure of the Rosinli excursion restaurant in Adetswil ZH the business is celebrating its reopening after two months The former tenant is furious and lets everyone know Hardly anyone had expected this: Just in time for the rising spring temperatures the Rosinli excursion restaurant in Adetswil ZH is celebrating a surprising comeback the bankruptcy office in Pfäffikon ZH had sealed the doors - the tenant at the time was bankrupt But now a breath of fresh air is blowing on the mountain: a new manager is ensuring that life is returning As "Zuerioberland24" reports the owner informs us about the turbulent times in a notice at the entrance: "After the difficult experiences with the last tenant we are now forced to bake smaller rolls." In concrete terms simpler cuisine - but still run with passion Not everyone in the Zurich Oberland is happy about this. The former tenant is anything but enthusiastic about the sudden reopening. He rails on the restaurant's website: "The restaurant was reopened without our knowledge." On March 18 he had launched a crowdfunding campaign to save the restaurant - a good 6,000 francs were raised the money was "unjustifiably confiscated" by the bankruptcy office and is now to flow into the bankruptcy estate An appeal against this is currently underway at the district court in Pfäffikon ZH the bankruptcy office sold the entire inventory - allegedly worth over CHF 100,000 - to the owner for a "ridiculous CHF 5,000" "This approach is massively damaging to the creditors and to us," he writes on the website He has also lodged an appeal against this decision No further statements will be made until the court decision The fact that a restaurant in such a fantastic location has stumbled raises questions. On the website, the closure was justified by the poor summer and winter. In an interview with the "Zürcher Oberländer " newspaper the former tenant also cited increased energy prices and declining visitor numbers as the main problems he had hoped until the end that he would be able to continue running the Rosinli - in vain Despite the restaurant's difficult past she praises the new manager: "Thanks to her many years of experience in the restaurant business and her training in accounting we are convinced that she will make the Rosinli flourish again with a great deal of commitment and fresh energy." Home | World Switzerland announced tighter restrictions on Sunday to tackle the second wave of the coronavirus hitting the country including a nation-wide obligation to wear masks and a ban on large scale public gatherings Gatherings of more than 15-people in public places will be banned from Monday and masks must be worn in all indoor public places the government announced following an extraordinary meeting An order to wear masks on public transport has been extended to cover train stations replacing a patchwork of regulations which applied across Switzerland’s different regions The obligation to wear a mask will also apply to shops It recommended people work from home if they can “The COVID-19 infection rate has increased at a very quick rate,” Swiss president Simonetta Sommaruga told reporters at a press conference in Bern “Unlike before it is affecting all cantons and all age groups it is very important to slow the spread of the virus now Europe battles second wave of the coronavirus:  on Friday reported the highest daily number of infections since the COVID-19 crisis began So far 74,422 people have been infected with the novel coronavirus Sommaruga said the government was prepared to impose more drastic restrictions if the new ones did not work No time limit has been set for how long the measures – designed to safeguard both the population and the economy – will remain in place confirmed the second wave of the coronavirus had now materialised the second wave is here… It has come rather earlier and stronger than we thought Confirmed coronavirus cases around the world:  mehr Themen Zurich/Pfaeffikon SZ (ots) Pfaeffikon SZ (ots) - Horizon21 Wealth Management Holding Next to the full acquisition of HPM the transaction includes the integration of Horizon21 Wealth Management Pfäffikon (ots) - Horizon21 Alternative Investments will collaborate in various strategic initiatives around alternative Social Media: Pfäffikon/Switzerland (ots) - Experienced French retail specialist to head EMD's Branded Products Department EMD extends further its expertise in strategic cooperation with the A-Brand industry - Deeper focus on partnership with the industry and retailers The leading European purchasing and marketing alliance EMD increases its personnel strength: Eric Lemercier (49) joined the Branded Products Department as Director Business Development at the European Marketing Distribution AG in Pfäffikon Eric Lemercier previously held senior management positions at Carrefour and Intermarché in France also worked for leading retail players in Europe He has been Managing Director of the International Agreements Department at Agenor for many years The last 4 years he was a reputed consultant at GloBuyOne in Geneva He has extensive expertise in the cooperation in international on-top agreements and global partnerships with the Industry Eric Lemercier heads the team of Peter Arnolds and Jürgen Barthelmä working both very successfully since many years as Directors Branded Products for EMD In the context of the continuous growth strategy EMD invests in the development of new services such as data sharing Eric Lemercier on his new role: "EMD's platform offers to our suppliers increasing opportunities to develop their business with our members The growth in the number of partner suppliers shows the interest in our business model" has been acknowledged since 1989 as an efficient and high-performing partner for Fast Moving Consumer Goods (FMCG) by the consumer goods industry The leading associated group operates now together with its member companies in 20 countries in Europe The member companies of European Marketing Distribution (EMD) are active in the following markets: Rosmanith & RosmanithThe Art of CommunicationUwe RosmanithUnter den Eichen 7D-65195 WiesbadenPhone: +49 171 9706644 uwe@rosmanith.de Pfäffikon (ots) - EMD and Asda terminate their collaboration by amicable and mutual agreement left the EMD alliance by the end of the year 2017 one of the leading retailers in the United Kingdom joined EMD at the beginning of 2016 it has made significant changes to its buying model Asda is prioritising direct relationships with its suppliers and has strengthened IPL Rituals opened the new store on September 18 in the Seedamm-Center; the store covers 160 sqm The Seedamm-Center is considered to be the largest shopping center on Lake Zurich's upper shore: 48 stores are located on the approximately 20,100 square meters of retail space It is well connected to public transport and also has 1,500 parking spaces The real estate services provider had already brokered the company's first Swiss location on Marktgasse in Zurich as well as a store in Shoppi Tivoli and the cosmetics brand now operates more than 600 stores in 27 countries worldwide the store network is expected to grow to 1,000 stores Failed to GET https://feed-prod.unitycms.io/2/content/507361728675 (SSR)