Wed, Apr 26, 2017
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. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  5. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic