Sat, Aug 1, 2015
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: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner