Sun, Jul 31, 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. 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. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New