Thu, Apr 24, 2014
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

Banner
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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  4. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  5. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac