Fri, Apr 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Gottex, other hedge fund managers optimistic about business objectives but wary of uncertainties and ready for more consolidation

Monday, April 18, 2011

Benedicte Gravrand, Opalesque Geneva:

Gottex’ statement for its Annual General Meeting today reflects the industry’s stance by and large, namely that it believes it will achieve its investment objectives despite the macro-economic uncertainties – of which it is very wary, and that it is ready for more consolidation.

Optimism at Gottex Joachim Gottschalk, Chairman and CEO of Gottex Fund Management, apparently feels optimistic. At today’s meeting, during which the company will adopt its annual financial statements, re-appoint auditors, and re-elect some of the directors, he is expected to make encouraging statements.

Gottex, an independent global alternative investment management group incorporated in Guernsey, had $8.5bn of total fee-earning assets as of end-Feb-11. Assets grew by more than $1bn during the last nine months (details).

"In general, 2010 was a positive year for hedge fund returns, although the absolute level was affected by the reversal in global financial markets in the second quarter of the year," Gottschalk will say. "We saw asset flows for the hedge fund and fund of hedge funds industry turn positive during the year, indicating the re-emerging interest in our asset class. Regionally, this was led by the US, with client activity in Europe recently picking up. With regards to Asia, Gottex believes......................

To view our full article Click here

Banner
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. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance