LGT Capital Partners, the Swiss alternative investments firm sponsored by the Liechtenstein royal family that owns a local bank caught in a tax evasion storm, has downplayed the impact of the ongoing investigation on the third party for its own business.

Ivan Vercoutere, partner at Switzerland-based LGT Capital Partners, which manages $17bn (€11.2bn) in hedge funds and private equity, said he expected “no impact from the Liechtenstein probe as we are run independently of the bank”.