Mon, Nov 30, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Gottex 2009 preclose trading statement: AUM down 2.1% in Q4, managed account assets up 25%

Wednesday, January 27, 2010
Opalesque Industry Updates - Gottex Fund Management Holdings Limited (Gottex), a leading independent global alternative asset management group, announces its preclose trading statement for the year ended 31 December 2009.


  • Further positive performance in fourth quarter of 2009 with core market neutral and portable alpha strategies outperforming their relevant indices and during 2009 contributing USD 635 million to assets under management.
  • Gottex Solutions Services (GSS) grows assets on its managed account platform by 25% since previous quarter.
  • Subsequent to the year-end, integration of Constellar funds, broadening Gottex’s offering with more directional products for US onshore and offshore investors.
  • Total subscriptions of USD 310 million during the quarter (excluding Constellar).
  • Total fee-earning assets for the group were USD 8.1 billion (excluding Constellar’s USD 150 million), compared to USD 8.2 billion at 30 September 2009.
  • Strong balance sheet with no debt and substantial cash reserves.

Commenting, Joachim Gottschalk, Chairman and CEO, stated:
“In the fourth quarter we continued the strong performance trend that started earlier in 2009, and I am very pleased to say that our core market neutral and portable alpha products have markedly outperformed their relevant indices. Investors who remained invested in hedge funds through the financial crisis have by and large recovered the vast majority of their 2008 losses, much earlier than many of those who were invested in other asset classes.

“As a result of the positive performance, we have seen increased interest by institutional investors into hedge funds in recent months and we expect to see solid inflows for the industry as the year progresses. Some of the less liquid strategies such as relative value and convertible arbitrage did extremely well in 2009 and the environment remains good for 2010. We believe these will attract additional allocations from institutional investors this year.

“Finally, I am delighted that Ted Wong, CEO and founder of Constellar, has decided to join Gottex. We believe it reflects well on Gottex that people of Ted’s calibre want to join our firm and integrate their existing business with us. We expect that in these times of consolidation there will be a number of smaller quality firms looking for an institutional asset management platform with strong investment processes to grow their business as institutional investors continue to raise the bar in terms of investment resources, risk management, infrastructure and transparency.” Corporate website:

- 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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November