Mon, Feb 19, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Gottex`s AUM at $15.6bln for H1-2008, CEO says investors have adopted `wait and see` attitude, plans launch of multi-asset initiative

Wednesday, September 17, 2008

From the Opalesque team: Gottex Fund Management Holdings Limited, together with its subsidiaries a leading independent global alternative asset management group, announced its interim results for the six months ended 30 June 2008. Assets under management stood at $15.6bln, down 2% from USD 16.0 billion as at 31 December 2007, but up 33% when compared to USD 11.7 billion on 30 June 2007. Gross revenues stood at $93.1m and profits after tax at $33.7m, outperforming broader markets and the majority of hedge fund indices.

Commenting, Joachim Gottschalk, Chairman and CEO, stated: “Market uncertainty continues to impact asset gathering across the industry, and we have experienced a slowdown in investment decision making amongst institutional investors, as they have adopted a “wait and see” attitude given the current financial turmoil. This has caused slower growth in subscriptions and may impact asset growth in the current environment. At the same time, redemptions in Gottex funds have been relatively limited, and at present are slowing from levels earlier this year.

“We remain very confident of the medium and long term growth outlook both in alternative asset management generally and in Gottex’s position in particular. In the short term, we believe that current markets should be treated with caution and one should tread carefully until there are clear signs of stabilisation of the financial system, which would support a ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Chenavari, a $5.4bn hedge fund, told investors it thinks 'we could experience a similar pattern as the 1987 crash'[more]

    From Businessinsider.com: A $5.4 billion hedge fund told clients markets could tumble just like they did in the 1987 crash. In a February 14 letter to clients, London-based Chenavari Investment Managers warned about current market conditions. From the letter (emphasis added): "Our view is that

  2. Investing - Hedge fund Bridgewater makes $22 billion bet against European firms, Hedge funds Steadfast and Suvretta jump onto CSX in fourth quarter, Tepper's Appaloosa boosts Apple, Facebook as others bolt, Third Point buys Netflix and MGM, dumps Bank of America, Moore Capital bought Wynn Resorts, other casino stocks before Steve Wynn resigned[more]

    Hedge fund Bridgewater makes $22 billion bet against European firms From Reuters/USNews.com: Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent's biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world's largest

  3. Funds Profiles - Brother-run hedge fund up 46% in 2017 says Kelly formula shows diversification is flawed, How a 6,000% profit on a single trade saved a small hedge fund from disaster[more]

    Brother-run hedge fund up 46% in 2017 says Kelly formula shows diversification is flawed From Valuewalk.com: When Jeremy and Michael Kahan consider the notion of diversification, the wince. With a return of 45.8% to end 2017, their stock-picking fund, North Peak Capital, successfully

  4. Investing - Hedge funds hook shipping stocks grappling for recovery, Small cap hedge funds offer alternative for cannabis investing, Top stock-picking hedge funds love gaming, health care and media shares, Hedge funds Steadfast and Suvretta jump onto CSX in fourth quarter[more]

    Hedge funds hook shipping stocks grappling for recovery From Hellenicshippingnews.com: Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry. Hedge funds made initial f

  5. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu