Gottex Assets Fall

Apr 23 2010 | 1:09pm ET

Gottex Fund Management CEO Joachim Gottschalk may be confident that inflows are coming to his firm. But there was no sign of them in the first quarter.

The Swiss fund of hedge funds shop said today that its fee-earning assets dropped 2.6% on investor redemptions, despite positive performance. All told, the firm’s assets fell by 2.5% to US$7.9 billion as Gottex continues to liquidate its asset-based funds.

The declines didn’t faze Gottschalk, however.

“I believe Gottex, as a larger, well-resourced firm, is well-positioned for the next wave of growth that the hedge fund industry will undoubtedly see,” he said. “As such, we continue to evaluate opportunities to integrate other firms with complementary products or who lack scale to attract institutional assets.”


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note