Fri, Jul 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Gottex assets down 2.1% ($7.41bn) in Q2, flagship funds of hedge funds post positive returns YTD

Friday, July 20, 2012

Benedicte Gravrand, Opalesque Geneva: In today’s trading statement for the second quarter of 2012, Gottex Fund Management Holdings Ltd, an independent global fund of funds group incorporated in Guernsey and listed in Switzerland, revealed that its flagship fund of hedge fund products continue to outperform their benchmark and post positive returns YTD. This was due to "exceptional performance" by alternative credit strategies (up 5.9% YTD), and equity portable alpha strategies (up 11.2% YTD).

Gottex’s core market neutral strategies were up around 2% YTD and have continued to outperform their benchmark as they did in 2011, according to the statement. Gottex expects its core flagship market neutral plus product (1.1% away from its high water mark at the end of June) to start accruing performance fees in H2. Meanwhile, the firm’s second largest market neutral product was 6% away from regaining its high water mark.

Total fee-earning assets for the group decreased by 2.1% to $7.41bn, compared to $7.57bn at the end of March, primarily as a result of $140m negative impact from technical factors and foreign exchange, partly due to depreciation of the Euro. This total consisted of $5.67bn in AuM (compared to $ 5.71bn at 31 March 2012), and LUMA GSS assets of $1.74bn (managed account platform and outsourced middle office services subsidiary).

This is not taking into account the pending acquisition of Hong Kong based Penjing Asset Management (......................

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. Already above average, Singapore high-networth investors add hedge funds and alternative investments[more]

    Komfie Manalo, Opalesque Asia: An above-average proportion of Singaporean HNW wealth is allocated to alternative investments - the majority of which is held in hedge funds, according to the latest research by ReportLinker. In its report entitled, Wealth in Singapore: HNW Investors 2017

  2. Launches - Crypto boom: 15 new hedge funds want in on 84,000% returns, Crypto madness is striking VCs as Union Square analyst leaves to start new fund[more]

    Crypto boom: 15 new hedge funds want in on 84,000% returns From Forbes.com: With 43 projects raising $1.2 billion in initial coin offerings since May 1, according to Nick Tomaino's The Control, and with stratospheric returns for so many ICOs -- 82,000% for Ethereum, 56,000% for IOTA, 44,

  3. FinTech - The machines are coming... Elon Musk's grim warning, Tezos' $232 million ICO may just be the beginning, A gentle introduction to Initial Coin Offerings (ICOs), Billion dollar tokens, ICOS & crazy market swings WTF is going on!?, How AI is changing the way we invest, How the tech revolution is bringing flip-flops and beanbags to Wall Street, A 'machine-learning' approach to venture capital[more]

    The machines are coming... Elon Musk's grim warning From Tenplay.com.au: Tesla chief Elon Musk has called on US Governors to take 'decisive' action to curtail "the greatest risk we face as a civilization": Artificial Intelligence, or AI. Speaking at a meeting of the National Governor Ass

  4. News Briefs – Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9%, Rwanda: Global hedge fund to increase investments[more]

    Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund, shares jump 9% Sears Holdings has landed a fresh line of credit, valued at $200 million, from its CEO Eddie Lampert's hedge fund, the retailer said Monday. Sears' stock climbed about 9 percent higher Monda

  5. Despite current limits, robo-advisors will be preferred investment solution for retail, gain importance for affluent and high net worth[more]

    Matthias Knab, Opalesque: Flynt, a Swiss FinTech focusing on proprietary technology platform for private and institutional clients, has published a brief paper on "Investing in the world of robo-advice and passive instruments". As investors will become more reluctant to pay for investment advi