Fri, Mar 6, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

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

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. SkyBridge opens office in Palm Beach County[more]

    Where better for a southern location than South Florida? SkyBridge Capital, which is headquartered in New York, has opened an office in Palm Beach Gardens. Palm Beach Gardens is a "Signature City" in northern Palm Beach County, with a population of around 49,000.

  2. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  3. Patrick McCormack to shut down hedge fund Tiger Consumer[more]

    Komfie Manalo, Opalesque Asia: Patrick McCormack is shutting down his hedge fund Tiger Consumer Management after 15 years "to spend more time with his family," reported Reuters. Tiger Consumer ended February up 4.6% (+3.9% YTD) and assets roughly $1.4bn, reported

  4. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  5. Outlook - 5 reasons why 2015 is looking like a breakout year for alternative investments, Hedge fund manager Dan Loeb predicts disappointment for funds seeking energy distress[more]

    5 reasons why 2015 is looking like a breakout year for alternative investments From Forbes.com: …After a strong 2014, the public markets have been off to a choppy start in 2015. This year, savvy investors may be looking for alpha elsewhere. For many institutions and high-net-worth indivi