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Alternative Market Briefing

Swiss FoHFs manager Gottex awarded HF portfolio mandate by Nestle Pension Funds, Gottex in full restructuring mode

Thursday, July 02, 2009

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......................

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