Thu, May 24, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

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......................

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. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven