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By Benedicte Gravrand, Opalesque London:
Gottex Fund Management Holdings Limited (Gottex) has just announced it had been awarded an investment and advisory mandate by Nestlé Capital Advisers S.A.
The investment management mandate applies to one of Nestlé Pension Funds’ hedge fund portfolios; it will be managed through a customized fund of funds programme, focused on relative value and event driven strategies.
The advisory services mandate (including risk reporting, middle-office and a hedge
fund managed account) is signed with Gottex’s services subsidiary, Gottex Solutions
Services.
Commenting, Joachim Gottschalk, Chairman and CEO of Gottex, stated: “We are very pleased that Nestlé Capital Advisers S.A. has awarded us this major
mandate. It validates our vision that institutional hedge fund investment providers in
the future will require a broad range of products and services that complement
clients’ in-house investment capabilities. We are looking forward to building a long
and mutually beneficial relationship with Nestlé.”
In April-09, Gottex announced positive performance for Q1-2009 with core market neutral and directional products outperforming relevant hedge fund and equity indices. By then, the firm’s restructuring and reopening of its first major market neutral product had been su...................... To view our full article Click here
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