6. If I use a placement agent or third party marketer, do I still need a representative for the fund?

Yes. If you are a foreign fund using a placement agent to raise funds in Switzerland, you will generally still need to appoint a Swiss representative for the fund, if opt-out professional investors are targeted. Under the Financial Services Act (FinSA), the requirement for a Swiss representative applies to foreign funds marketing to Swiss investors, whether the marketing is conducted directly or via a placement agent.