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Gottex reports AuM growth of $1bn over the last 9 months

Monday, April 18, 2011
Opalesque Industry Update - At today’s Annual General Meeting (AGM) of Gottex Fund Management Holdings Limited (Gottex), Joachim Gottschalk, Chairman and CEO of Gottex, will make the following statement to shareholders.

“Gottex’s recovery continued in 2010. Our asset base has grown by over USD 1 billion during the last nine months and stood at USD 8.5 billion as of 28 February 2011. Our main market neutral product regained its high water mark and continued to outperform its benchmarks. GSS, our solutions business, quadrupled assets over the year and launched LUMA Solutions, the exciting joint venture with OFI Asset Management, at the end of last year. In addition, our public multi-asset funds, the Multi-Asset Endowment Fund and the Multi-Alternatives Fund, received their SEC registration in December 2010.

“In general, 2010 was a positive year for hedge fund returns, although the absolute level was affected by the reversal in global financial markets in the second quarter of the year. We saw asset flows for the hedge fund and fund of hedge funds industry turn positive during the year, indicating the re-emerging interest in our asset class. Regionally, this was led by the US with client activity in Europe recently picking up. With regards to Asia, Gottex believes it offers excellent opportunities in the medium term to high quality alternative asset managers willing to commit permanently to the region.

“Looking forward, we are pleased that our positive start to the year has continued. Our core products should be able to achieve their investment objectives this year. We believe that we have taken the right steps by maintaining our strong team and investment platform during this period in anticipation of the return to growth. We aim to play a role in the consolidation process of our industry, provided the right opportunity presents itself. We are optimistic that client asset flows should improve steadily as the year progresses, even though political, environmental and economic uncertainties will continue to generate volatility, and we look forward to returning to a period of growth.

“I would like to extend my thanks to all members of staff for their work, as well as to our valuable clients and shareholders for their continuing support.”

Today’s meeting includes the adoption of Gottex’s annual financial statements, the re- appointment of the company’s auditors and the re-election of certain directors.

(press release)

About Gottex Fund Management Holdings Limited
Incorporated in Guernsey, Gottex is the holding company of a leading independent global alternative investment management group whose core business is providing investment management services to a diversified range of hedge funds and funds of hedge funds. In this capacity, the Gottex group provides portfolio selection and asset allocation advice, as well as risk management and investment monitoring and advisory services to a broad and diversified institutional clientele. The Gottex group also structures and manages specialized fund of hedge funds, multi asset endowment style products, bespoke managed accounts, private equity style real asset funds and provides related services, including a managed account platform and outsourced middle office services, through its subsidiaries Gottex Solutions Services and LUMA Solutions Services.

With offices in Guernsey, Lausanne, London, Hong Kong, New York, Boston, Luxembourg and Zurich, the Gottex group advises funds that are invested with more than 175 hedge fund managers around the world, investing in a wide range of strategies and geographies on behalf of predominantly institutional investors. As at 28 February 2011, Gottex had USD 8.5 billion of total fee-earning assets. Corporate website: Source

- FG

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