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Gottex Fund Management Holdings Limited today announced that restructuring and reopening of all market neutral and directional products
has been successfully completed with vast majority of institutional investors remaining
invested.
In addition,
the managed account platform of Gottex Solutions Services (GSS) has gone
live in June and has attracted its first assets on the platform.
Commenting, Joachim Gottschalk, Chairman and CEO, stated:
"We have now completed virtually all the plans we laid out in January 2009, including
the reopening of our market neutral and directional products and the launch of a
number of focused new initiatives, amongst which is Gottex Solutions Services. We
are extremely pleased to see that our vision of a combined offering of hedge fund
products and services has become reality.
"
Assets under management down 4.6% in second quarter
The group's total fee-earning assets were USD 8.2 billion at 30 June 2009, compared
to USD 8.5 billion at 31 March 2009 representing a decrease of 3.6%. This total
consisted of USD 8.1 billion in assets under management (AuM) and GSS assets of
USD 0.1 billion.
Gottex Fund Management Holdings Ltd.
AuM of USD 8.1 billion compared to USD 8.5 billion at 31 March 2009, a decline of
4.6%, which was primarily caused by the negative impact of client redemptions, but
partly offset by positive performance.
Client subscriptions for the quarter amoun...................... To view our full article Click here
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