Tuesday, 30 September 2014
Last updated 4 hours ago
Apr 18 2011 | 12:25pm ET
Gottex Fund Management has seen its assets under management soar by more than US$1 billion over the past nine months, the Swiss fund of hedge funds shop told shareholders today.
CEO Joachim Gottschalk crowed that assets grew to US$8.5 billion by the end of February and that its solutions business, GSS, has seen its assets jump four-fold over the year. In addition, Gottschalk reported that Gottex's flagship market-neutral fund has returned to its high-water mark, and pointed to GSS's launch of a joint venture with OFI Asset Management.
"In general, 2010 was a positive year for hedge fund returns, although the absolute level was affected by the reversal in global financial markets in the second quarter of the year," Gottschalk said in a press release issued to coincide with Gottex's annual meeting. "We saw asset flows for the hedge fund and fund of hedge funds industry turn positive during the year, indicating the re-emerging interest in our asset class."
"Looking forward, we are pleased that our positive start to the year has continued. Our core products should be able to achieve their investment objectives this year. We believe that we have taken the right steps by maintaining our strong team and investment platform during this period in anticipation of the return to growth."
Gottschalk cited Asia in particular, noting that "it offers excellent opportunities in the medium turn to high quality alternative asset managers willing to commit permanently to the region."
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...