Wed, Oct 26, 2016
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. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  2. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa

  3. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  4. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion

  5. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso