Thu, Mar 22, 2018
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. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t

  3. Institutional Investors - Overdrawn pension fund scores gains[more]

    From Investments in big banks, pawn shops and rolling papers helped boost public safety workers' underfunded pensions this past calendar years, according to newly released figures. After recording middling returns in recent years, the Police & Fire Pension Fund (P&F) notched

  4. Hot hedge fund loses 21% after bet on volatility goes wrong[more]

    From In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd. He'd turned $50 million into an operation with more than $700 million over three years and delivered market-beating retu

  5. Opalesque Exclusive: Northern Trust builds on blockchain-backed private equity solution[more]

    Bailey McCann, Opalesque New York: Private equity clients at Northern Trust can now carry out audits of private equity lifecycle events directly from the blockchain. Northern Trust, working with PwC and other audit firms in Guernsey, has added this feature to its existing solution set for private