Wed, Sep 28, 2016
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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style