Fri, Aug 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Third quarter trading statement sees Gottex’s Asian strategies up 9.8% year to date

Monday, October 21, 2013

Beverly Chandler, Opalesque London:

The independent, global alternative asset management group Gottex Fund Management Holdings has announced its quarterly trading statement to end September 2013. Highlights from the statement include the news that core products continued to generate positive returns for 2013 in the year to date. The firm writes that continued strong performance by alternative credit strategies, saw a return of 6.4% year to date, Asian strategies were up 9.8% year to date and equity portable alpha strategies up 23.2% to date.

Total fee-earning assets for the group decreased by 2.4% to $5.80bn compared to $5.94bn at 30 June 2013, as a result of limited net outflows. The firm also reported that their second market neutral product regained its high water mark at the end of September 2013 and will now start accruing performance fees. Other highlights included the news that Gottex and Australian based institutional investment consulting firm Zenith Investment Partners’s joint venture, ZGA, got their first hedge fund advisory mandate, while Edex, Gottex’s hedge fund workout service, now manages over $640m.

Joachim Gottschalk, Chairman and CEO commented: "Despite some volatility around the fiscal debate in the US, financial markets performed well at the end of the third quarter and enhanced hedge fund returns for the year. Product performance over t......................

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. Commodities - Commodity hedge funds lose most in three years as rout deepens, Funds bet on Shell deal as oil prices plunge[more]

    Commodity hedge funds lose most in three years as rout deepens From Bloomberg.com: Hedge funds betting on commodities lost the most in almost three years in July as the price-rout deepened. Funds lost money for a third month, according to the Newedge Commodity Trading Index, which was re

  2. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  3. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  4. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  5. JTC acquires Kleinwort Benson’s fund administration business[more]

    Bailey McCann, Opalesque New York: JTC has completed the acquisition of Kleinwort Benson’s fund administration business, boosting assets under administration (AuA) to $56 billion. Kleinwort Benson is based in the Channel Islands, South Africa. The transaction, which relates to the whole of K

 

banner