Thu, Jan 29, 2015
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. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalauMor Management in New York

  4. …And Finally - Prison restaurant is the best in Cardiff[more]

    From Orange.co.uk: A restaurant at a prison staffed entirely by inmates has been ranked as the best in Cardiff by diners. The Clink Restaurant at HMP Cardiff - which is open to the public - has been ranked number one on TripAdvisor out of 946 eateries in the Welsh capital. Diners who pos

  5. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report