Wed, Jan 18, 2017
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. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Short Selling - Long-short hedge funds are ditching the shorts to focus on longs[more]

    From Bloomberg.com: What happens when you take the "short" out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG s

  4. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  5. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee