Fri, Aug 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Gottex’s Funds of Hedge Funds Did Well in 2011, but AuM Down 10% Since Last Quarter

Monday, January 30, 2012

Benedicte Gravrand, Opalesque Geneva: As the global uncertainties that started in the summer of 2011 continued in the last quarter of the year, Gottex’s fourth quarter (Q4) results ended up being - unsurprisingly - tepid.

Gottex Fund Management Holdings Ltd, a Swiss-listed independent global alternative asset management group that offers funds of hedge funds, single hedge funds and multi-asset endowment style portfolios, has just issued its trading statement for Q4-2011.

Its flagship market neutral strategies returned "nearly flat results", 2% to 3% ahead of their benchmarks; the HFRI FoF Conservative Index (-3.67% for 2011) and the HFRI FoF Composite Index (-5.56% in 2011) respectively. These strategies now manage $3.28bn, 13% less than Q3’s $3.77bn.

Gottex’s alternative credit strategy, a diversified fixed income portfolio offering higher yields with lower correlation to the general fixed income market, was up 3.8% for the year (since inception in Feb-11). The Constellar multi-strategies returned +3.4%. This "puts both strategies in the top quartile of fund of hedge funds tables for the year," said Chairman and CEO Joachim Gottschalk.

The Hennessee Fixed Income Index was up 3.6% and the HFRI Multi-Strategy Index was down 1.7% in 2011.

Investor appetite remains low and asset flows remain slow in Q4. Gottex’s total fee-earning assets were $7.34bn; consisting of $5.6bn in AuM and GSS (Gottex Solutions Services) assets of $1.74b......................

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. Opalesque Exclusive: Algorithms platform aims to target typical challenges found in quantitative hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Last month, Quantopian received investments from Point72 Ventures, the new venture capital arm of Steven Cohen’s Point72 Asset Management.

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  4. Opalesque Roundtable: Low and high fee investments often better than mid fee hedge funds[more]

    Komfie Manalo, Opalesque Asia: Hedge funds that charge the low and high fees stuff often provide better returns than "those sort of mid-fee investments", said Keith Haydon, chief investment officer of Man FRM. (Alternative) investment managers who charge high fees would often provide the most int

  5. Hedge fund investors pull $5.7 billion in July[more]

    From Bloomberg.com: Hedge funds suffered a third consecutive month of outflows in July as investors withdrew $5.7 billion, according to industry tracker Eurekahedge. Redemptions totaled $20.7 billion in the three months through July, with money managers betting on equities suffering $18.4 bill