Mon, Jul 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Client redemptions and headwinds keep conditions challenging for Gottex

Wednesday, December 12, 2012

Beverly Chandler, Opalesque London: Gottex Fund Management reports that it continues to face headwinds in its fund of fund business 'as a substantial number of large institutional investors develop their own capabilities’.

"Although we have successfully been awarded mandates in excess of $125m in the fourth quarter, one of our investors will terminate a $525m relative value and event driven segregated managed account as of January 2013" the firm writes. "Other client redemptions are within the company’s historical range".

The firm says that strategic growth initiatives for 2013, include growing their multi asset products and capabilities in Europe and Asia. "We will further develop our growing Asian business as the gateway between non-APAC based investors seeking to access Asian investment opportunities by leveraging our deep knowledge of Asian markets and investments, while offering outbound services to APAC based investors seeking global diversification in their portfolios" the firm said. For the LUMA managed account platform, Gottex will seek to form partnerships with asset owners to provide specific platform solutions and bring further scale to the business.

Gottex’s flagship market neutral product and related separately managed accounts are all above their high water marks and accruing incentive fees, the firm reports, while three of their hedge fund products have returned over 10% year to date.......................

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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe