Thu, Apr 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Return to operational profitability for Gottex in 2011

Tuesday, March 27, 2012

Beverly Chandler, Opalesque London: Results released by Gottex Fund Management Holdings Limited (Gottex), for the year ended 31 December 2011 show that the firm returned to operational profitability in 2011 with an operating profit of $0.7m. Gottex’s total fee-earning assets as at 31 December 2011 were $7.34bn, down 11% from $8.26bn at 31 December 2010. The total consists of $5.60bn in GFM assets under management and LUMAGSS assets of $1.74bn.

The firm highlighted:

  • Continued positive product performance during the first two months of 2012 with our core market neutral, multi-asset, alternative credit and Constellar multi-strat products up between 2% to 3%.
  • Gottex’s flagship market neutral plus product as well as the alternative credit strategy nearing their high water marks at the end of February 2012 and are close to accruing performance fees during Q2 2012.
  • LUMA-GSS assets of $1.85bn at the end of February 2012, up from $1.74bn at 31 December 2011.
  • Financial performance in-line with current expectations: gross revenues of $58.6m (2010: $63.8m) and substantially reduced overall operational cost of $48.2m (2010: $58.1m) resulted in an operating profit of $0.7m (2010: $5.0m loss); diluted EPS losses of $-0.09 (2010: $-0.10) was generated due to the impact of financial investments and certain impairment charges.
  • Cash and liquid financial investments of $50.8m.

Commenting, Joachim Gott......................

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: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  3. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  4. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob