Sun, May 1, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n