Mon, Aug 31, 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. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner