Tue, Sep 27, 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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  5. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco