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Gougenheim postpones hedge fund launch after skiing accident

Thursday, March 22, 2012

Benedicte Gravrand, Opalesque Geneva: Philippe Gougenheim, who left is position as Managing Director and Head of Hedge Funds at Unigestion, Geneva, in December, had to postpone the launch of his highly liquid global macro hedge fund, which will be called the Glasnost Fund. Named after the former USSR's 1980s policy of openness and transparency, it was meant to be launched in June, and is now planned for September.

Gougenheim Investments has already selected all its service providers. But a ski accident is preventing Philippe Gougenheim from travelling for a while and continuing its preparation. One of his Achilles' tendon was ruptured.

"I take this accident as a good illustration that one should beware of trends and be prepared for unpredictable events," he says in a LinkedIn communication. "I started skiing when I was 4, I will turn 48 yet later on this month and never had any problem while skiing. Even if I have won a few competitions, I am a careful skier, but I was bumped into, which is close to impossible to prevent. The good news is that I was somehow prepared for this, as I was wearing a helmet and a back protector, and I strongly advise all of you to do the same, as the consequences of my accident would probably have been w......................

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