Warburg Invest, the asset management arm of German private bank MM Warburg & Co, and Syz & Co, the Swiss banking group, are teaming up to launch hedge fund products in Germany.

The first will be a multi-strategy fund of hedge funds, is expected in the next few months. Syz has $1.2bn (€977.9m) in alternative assets under management and offers hedge funds in Switzerland, UK and Italy.