Sun, May 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Swiss fund of funds Gottex’s AuM down 5.7% from last quarter (to $5.27bn)

Thursday, September 12, 2013

Benedicte Gravrand, Opalesque Geneva:

Gottex’s total fee-earning assets were $5.94 billion at 30 June 2013, compared to $6.36 billion at 31 March 2013, a decrease of 6.5%. This total consisted of $5.27 billion in assets under management (AuM) and LUMA GSS assets of $0.67 billion.

Gottex Fund Management (GFM) Holdings Limited is a Swiss-listed independent provider of alternative and multi-asset investment solutions and financial advisory services.

According to a 1H 2013 interim results statement issued today, Gottex’s AuM of $5.27 billion was down 5.7% when compared to $5.59 billion at 31 March 2013, which was the result of net client outflows for the quarter of $170 million and negative impact of $120 million from foreign exchange and technical factors. In addition for GFM, performance reduced assets by $30 million.

All of Gottex’s Asian strategies outperformed their respective indices with an absolute return for the firm’s flagship Asian fund of 8%+ YTD (to end-July). Gottex’s Alternative Credit strategy returned 4.9% in the same period and its Portable Alpha equity product 22.8% while the Market Neutral product returned 3.5%.

Joachim Gottschalk, Gottex’ Chairman and CEO, stated: "Uncertainty about the forward looking policy of the Federal Reserve had its influence on performance during the ......................

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. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit

  2. Investing - Billionaire Wilbur Ross likes the look of Chinese bad loans, Hedge funds are still relevant in a diversified portfolio: 4 fundamental criteria for superior manager selection[more]

    Billionaire Wilbur Ross likes the look of Chinese bad loans From Bloomberg.com: U.S. billionaire Wilbur Ross said he’s considering investing in nonperforming loans in China, as Moody’s Investors Service said that the nation has the tools to prevent a financial crisis in the near term. I’

  3. Investing - Blackstone gives pricey Canadian energy and property thumbs down, One of the most concentrated hedge fund bets is getting crushed, Facebook is hedge funds' new tech darling,[more]

    Blackstone gives pricey Canadian energy and property thumbs down From Bloomberg.com: Canada’s energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than in the U.S. and elsewhere, according to Tony James, president of Blackstone Group

  4. Study - Only 30% of institutional hedge fund portfolios beat the benchmark[more]

    Bailey McCann, Opalesque New York: A new study from CEM Benchmarking, an independent provider of cost and performance analysis for pension funds, shows that only 30 percent of institutional investors hedge fund portfolios beat the benchmark after fees. The study provides in depth analysis of real

  5. Opalesque Exclusive: $1bn hedge fund club grows to 668 managers, continues to dominate (Part One)[more]

    Komfie Manalo, Opalesque Asia: Despite an underwhelming 2015 and a slow start to 2016 in terms of performance, one group of managers that continues to dominate the assets of the hedge fund industry is the so called $1bn club – hedge fund managers with at least $1bn in assets under management (AU