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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 ......................

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