Sat, Dec 10, 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. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest