Thu, Jul 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Unigestion Head of Hedge Funds leaves to start own Swiss single manager fund

Monday, December 19, 2011

Benedicte Gravrand, Opalesque Geneva:

Philippe Gougenheim, Managing Director and Head of Hedge Funds at Unigestion, an independent asset manager with $11.9bn in AuM, has just left the company to take off on his own.

"After two years at Unigestion and twenty four years in the financial industry, I finally decided to start my own investment management company in order to soon launch a single hedge fund," he announced on LinkedIn.

He told Opalesque that he had a crystal clear idea about what his upcoming hedge fund will be like. In fact, he had been thinking about it for a few years. What we know is that it will be a global macro hedge fund, with high liquidity – although he format has yet to be confirmed.

That strategy has been struggling this year so far, but is still holding it compared to global equities. The Hennessee Global Macro hedge fund index is down -8% YTD. It declined -2.77% in November, driven by losses in global markets, compared to the MSCI EAFE (which measures international equity performance) which was down -4.85% for November (-11.30% YTD).

Gougenheim used to work at Unigestion’s Geneva offices, but his life and his new business will take him to the Zurich area – probably not far from Pfaeffikon.

A few people will join him – no names can be given out yet – and some investors have already shown interest, he said. It will take another few months for the start-up to take shape. So we’ll hear from Mr. Gougenheim again sometime in 20......................

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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  5. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag