Thu, Feb 11, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Notz Stucki gets new head, tidies up for fiscal transparency – Le Temps

Tuesday, August 21, 2012

Benedicte Gravrand, Opalesque Geneva : Notz Stucki, an asset management house founded in 1964 and head-quartered in Geneva, is revamping its business model a little as the latest generation comes to the throne.

Beat Notz, Notz Stucki’s founder, died five years ago. Since then four new associates came in to fill the space, and this year Beat’s son, Grégoire Nortz is the latest recruit. According to Swiss daily Le Temps, Grégoire, 40, worked with renowned hedge funders, such as Louis Bacon and Paul Tudor Jones – whom the Notz house knew well personally - before joining the family business in 1997.

This succession coincides with a turn in the wealth manager’s strategy amid the financial crisis, the paper goes on to say. As indeed, it currently manages $6bn, compared to $14bn five years ago.

Notz Stucki had been a pioneer in the hedge fund business, and it launched Haussmann Holdings (a fund of hedge funds arm now with AuM of $1.4bn) in 1974. But seeing that hedge funds did not protect investors’ money in 2008, the manager came back to old practices. Especially since it was also one of Madoff’s victims; the group lost around 2% of its assets when Madoff was found out in late 2008. Appar......................

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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Opalesque Exclusive: Directors want to be considered trusted partners by new manager[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A hedge fund director provides her perspective on emerging hedge fund managers. She will happily work with those who have set themselves up for future growth, s