Mon, Oct 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Gottex declares dividend, reports outperformance of core market neutral and portable alpha strategies

Monday, April 19, 2010
Opalesque Industry Updates - At last week's annual general meeting (AGM) of Gottex Fund Management HoldingsLimited (Gottex), Joachim Gottschalk, Chairman and CEO of Gottex, made the following statement to shareholders.

“2009 was an unpredictable year, which included an extraordinary rally in global capital markets and outstanding performance for hedge funds in general. This rapid recovery from the severe drawdown shows the value of hedge funds as a distinct asset class. At Gottex, our core market neutral and portable alpha strategies performed very well during 2009, outperforming their relevant indices and benchmarks by substantial margins, and have continued to generate good returns in the first quarter of 2010.

“It is our view that the strong performance by hedge funds in 2010 will translate into institutional inflows for the industry as the year progresses, followed by inflows from private investors in the year thereafter. On the back of our strong investment performance during the past year, we believe Gottex is well positioned to participate in these flows. As an industry, we are seeing increased scrutiny from institutional investors and regulators with respect to the quality of staff, robustness of infrastructure, transparency, strength of investment process and advanced risk management before mandates are awarded. Gottex, as one of the larger independent players in the industry with a high quality team and strong risk control framework, is well placed to meet these challenges and return to 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 proposal of the final dividend of USD 0.115 per share, the re-appointment of the company’s auditors and the re-election of certain directors. JP Bailey, currently a director of the Board of Gottex and member of Gottex’s Executive Management Committee (EMC), has expressed his intent to step down from the company’s Board and EMC to focus fully on Gottex’s asset based and direct investing business. He will continue to act as a portfolio manager and senior managing director of the company. Corporate website: Source

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   

Banner

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. Opalesque Roundtable: Where are all the good ESG hedge funds?[more]

    Benedicte Gravrand, Opalesque Geneva: What are the benefits of sustainable investing? Many pension funds look to focus on that angle to reflect their company’s good governance, but face many challenges while doing that. A portfolio manager at Univest, a large Dutch pension fund, discusses this is

  2. Bill Gross gives his first investment outlook for Janus fund[more]

    Bill Gross strikes a gloomy tone in his first note to investors at his new gig at Janus Capital. Bill Gross, the renowned bond fund manger, struck a pessimistic chord in his first note to investors at his new gig at Janus Capital. His notes, usually full of silly commentary and upbeat advice, took a

  3. Investing - Big investors move to shore up Fannie, Freddie trade, Two hedge funds eye $1bn support to Sahara to secure Subrata Roy's release[more]

    Big investors move to shore up Fannie, Freddie trade From Forbes.com: Two of the nation’s most prominent investors who have been leading the charge to make a big score out of the shares of Fannie Mae and Freddie Mac moved on Friday to shore up shares of the mortgage giants that plunged r

  4. Opalesque Exclusive: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  5. Hedge funds post negative returns in the third quarter[more]

    Bailey McCann, Opalesque New York: Q3 hedge fund returns were negative, marking the industry's first quarterly decline since Q2 2013 according to the latest hedge fund data from eVestment. Emerging markets saw losses more than twice that of developed markets. Declines from funds investing in