Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Gottex launches new fund of UCITS hedge funds as Q2 AuM down 8.3% to $7.26bn

Tuesday, July 20, 2010

From the Opalesque team:

The total fee-earning assets of Gottex, a global FoHFs house, were US$7.26bn at 30 June 2010, compared to $7.92bn at 31 March 2010, representing a change of -8.3%. Gottex Fund Management accounted for $6.8bn and Gottex Solutions Services (GSS) for $0.45bn.

Gottex' $6.80bn AuM for Q2 show a decrease of 8.8% when compared to $7.46bn in Q1-10. The decrease was largely driven by foreign exchange movements, technical factors, performance and returning cash to investors in run-off share classes.

New UCITS FoFs launched this month Gottex launched a UCITS III fund of funds product in Luxembourg earlier this month and is now in the process of 'passporting' it to the major European markets.

This fund of UCITS hedge funds qualifies for UCITS status without the use of financial structuring to meet UCITS III liquidity requirements, avoiding derivatives, wrappers or other synthetic structures to minimize maturity mismatches between underlying assets and liabilities.

Market neutral strategies: positive performance YTD The market neutral strategies posted positive performance YTD, outperforming many funds of hedge funds and equity indices, the latter declining substantially in Q2-10.

The HFRI Fund of Funds Composite Index was down 0.70% (est.) in June and down 1.03% YTD, whereas the HFRI Equity Market Neutral Index was down 0.71% (est.) and down 0.69% YTD. And the S&P 500 Index was down 7.57% YTD at the......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1