Wegelin to launch CTA strategy, backs active indexing

The number of investors shunning the traditional market capitalisation-weighted approach to indexing is starting to pick up, and Wegelin & Co is one firm championing the shift towards active strategies. With $25 billion in assets under management and around 700 employees, the Zurich-based private bank has no presence and very little business in Asia-Pacific, apart from Australia. But it is looking to attract more institutional and high-net-worth business in the region, says Asia-P…