Fri, Jun 23, 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. Comment: For emerging market debt, a sustainable recovery[more]

    Matthias Knab, Opalesque: Standish Mellon Asset Management Company writes on Harvest Exchange: After several difficult years, the outlook for emerging market debt (EMD) denomin

  2. J.P. Morgan Global Alternatives raises distressed shipping fund[more]

    From Institutionalinvestor.com: J.P. Morgan Global Alternatives has closed a $480 million fund to invest in distressed shipping assets, attracting capital from pensions, endowments and insurance companies. The firm, which has been investing in maritime for more than a decade, initially targeted $400

  3. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  4. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  5. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is