19 Investments in associates
audited information

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Name

Registered
office

Business activity

Ownership
interest in %

*

In October 2008, Elips Life AG was founded.

LLB Qualified Investors Strategy One

Vaduz

Investment undertaking

49.99

Elips Life AG

Vaduz

Insurance company

48.00

 

 

 

 

 

 

 

 

 

 

in CHF thousands

 

2009

2008

+/– %

As at 1 January

 

236'502

296'507

–20.2

Additions *

 

0

7'450

–100.0

Disposals

 

0

0

 

Non-realised price gains

 

31'605

–67'302

–147.0

Realised price gains

 

0

0

 

Share in profit/loss

 

–696

–153

354.9

Total investments in associates

 

267'411

236'502

13.1

Details of investments in associates

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Name

Registered
office

Business activity

Ownership
interest in %

LLB Qualified Investors Strategy One

Vaduz

Investment undertaking

49.99

 

 

 

 

 

 

 

 

 

 

in CHF thousands

 

2009

2008

+/– %

Net fund assets

 

521'623

458'413

13.8

Profit/(loss)

 

63'210

–134'604

–147.0

Performance (in percent)

 

13.8

–22.7

 

Performance benchmark (in percent)

 

12.7

–20.0

 

 

 

 

 

 

in percent

 

Investment
strategy

Allocation per
31.12.2009

Allocation per
31.12.2008

Asset allocation

 

 

 

 

Liquidity

 

0.0

1.2

2.6

Bonds

 

50.0

49.3

51.6

Equities

 

30.0

30.0

28.6

Hedge funds

 

20.0

19.5

17.2

Total

 

100.0

100.0

100.0

 

 

 

 

 

 

 

 

 

 

Name

Registered
office

Business activity

Ownership
interest in %

Elips Life AG

Vaduz

Insurance company

48.00

 

 

 

 

 

 

 

 

 

 

in CHF thousands

 

 

2009

2008

Assets

 

 

17'210

15'447

Liabilities

 

 

429

245

Operating income

 

 

5'599

44

Profit

 

 

–1'449

–298