Sat, Oct 10, 2015
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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with