Sat, Jan 21, 2017
A A A
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.

Highlights:

  • 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: www.gottexfunds.com

- 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. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. 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

  3. 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

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised