Fri, Apr 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Gougenheim’s macro hedge fund ready to launch in September

Monday, July 16, 2012

Benedicte Gravrand, Opalesque Geneva: As Opalesque reported in December 2011, Unigestion’s Head of Hedge Funds Philippe Gougenheim left the Geneva-based company to start his own Swiss single manager fund near Zurich, called Gougenheim Investments. In March, we heard he had to postpone the June launch of his highly liquid global macro hedge fund, the Glasnost Macro Fund, after a skiing accident. He later made three senior hires, including a founding member of Brevan Howard’s Israel-based macro group, Emmanuel Benchimol.

Last week, he announced in a written release that the fund will launch in September, as expected. Hires have been made, service providers have been rigorously checked and selected, and tools have been put in place in his offices in Pfaeffikon. The portfolio started trading on 21st March 2012 and returned 4.1% to end-June. He believes the fund will launch officially with almost $100m in AuM and may attract a further $200m from other investors in the first six months of its life.

The fund is seen as very attractive because of its weekly liquidity terms, Gougenheim noted, its transparency ......................

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Performance - Blackstone profits plunge 77% as performance fees dive, Hedge fund stars' fortunes hostage to market swings, Hedge fund manager goes from billionaire to millionaire in profits plunge, Hedge funds biggest losers in SunEdison's 'magic money machine'[more]

    Blackstone profits plunge 77% as performance fees dive From FT.com: Blackstone, the world’s biggest manager of alternative investments from private equity to real estate, suffered from sharply lower performance fees amid turbulent markets in the first three months of the year, even as it

  3. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  4. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  5. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the