Tue, Jan 24, 2017
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. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised