Mon, May 21, 2018
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. News Briefs - Warren Buffett: Target date funds aren't the way to go, Cambridge Analytica could be reborn under a different name[more]

    Warren Buffett: Target date funds aren't the way to go Planning for retirement can be complicated and stressful. This is why target date funds - funds that are managed based on when you expect to retire - are so attractive. Over time, the balance of stocks, bonds and cash evolve automati

  2. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  3. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven