Thu, Jun 30, 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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.