Mon, Aug 29, 2016
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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new