Mon, Aug 3, 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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner