Tue, Jul 7, 2015
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   |   
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 Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner