Fri, Apr 27, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its