Friday, 30 January 2015
Last updated 12 hours ago
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.”
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…