Wed, Apr 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Gottex Brokers Alternative opens US office

Monday, October 22, 2012
Opalesque Industry Update - Gottex Brokers, an interdealer brokers in interest rate derivative products, announced today that it has opened its first office in the United States, focusing on brokerage services in the secondary market for alternative investments through its specialized entity Gottex Brokers Alternative USA Inc.

Gottex Brokers Alternative USA Inc., based in Los Angeles, will act as an intermediary between US institutional investors buying and selling secondary interests in hedge funds, private equity funds and real estate funds. It is a subsidiary of Gottex Brokers Alternative domiciled in Lausanne, Switzerland, whose dedicated and experienced team provides tailored broking services to the European and other non-US markets.

The secondary market for alternative investments enables sellers to address liquidity constraints caused by the extension or suspension of redemption periods and lock-ups. It enables holders of illiquid assets to reduce exposure to distressed assets and rebalance their portfolios and offers potential buyers access to limited partnership interests, Limited Liability Company memberships or interests in other organizational forms.

Raphael Moreno, CEO of Gottex Brokers Group said: “We are very pleased to be expanding into the United States, serving US clients directly on the ground as well as offering our customer base access to this exciting market. Volatility in the secondary markets for alternative investment shares has risen markedly in the past years and we have seen increased demand for investors to rebalance portfolios and to exit illiquid positions.”

GBA USA will be run by Bruno Bardavid, an experienced professional with more than 25 years of experience in financial services. Prior to joining GBA USA Bardavid developed the credit trading markets for Mizuho International and West LB, London.

Bruno Bardavid, Director, Gottex Brokers Alternative USA Inc., said: “I am pleased to join Gottex Brokers Alternative and look forward to further developing this business across the US, the most important market for secondary transactions in the area of alternative investments.”

Gottex Brokers Alternative USA will manage relationships with hedge funds, funds of funds, family offices, third party asset managers, public entities and sovereign wealth funds, private and investment banks, investment advisors and pension funds. It is regulated by FINRA and the SEC.

Press release

bc

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner