Sunday, 19 April 2015
Last updated 19 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.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…