Sun, Oct 4, 2015
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: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  2. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  3. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  4. Comment - Cash and hedge funds are king[more]

    From For years we've argued that, given heightened uncertainty, a preferred portfolio posture is to barbell between cash allocations, which provide valuation optionality and mitigate unanticipated shocks, and long-short equities hedge funds that reduce "beta", or index risks, while leaving

  5. Europe - Russia has been gold for hedge funds this year[more]

    From Judging by the headlines, Russia may look like a nation in turmoil. Investors, though, don't seem to mind. In fact, for hedge funds, Russia has been one of the biggest and best stories of 2015, turning in the only positive performance among all emerging market strategies and crushing