Gottex, OFI Managed-Account J.V. Gets CEO

Apr 19 2011 | 1:27am ET

LUMA Solutions Services, the managed accounts joint-venture of Gottex Fund Management and OFI Asset Management, has named Gottex's Arnaud Massenet CEO.

Massenet was head of marketing for Europe and the Middle East at Gottex, which joined forces with OFI in December. The platform currently features 25 funds and has US$1.4 billion in assets under management.

"We definitely see the growth in the UCITS SICAV as most of the investors we talk to prefer to invest in regulated vehicles rather than unregulated ones," Massenet told HFMWeek. "There is also interest from the managers as well to be seen as regulated, therefore, many of the managers that we talk to would rather start at UCITS vehicle account."

But, Massenet said, LUMA also offers a non-UCITS structure for those strategies not suited to the demands imposed by European regulators on UCITS-compliant funds.

Massenet said LUMA hopes to add another five to 10 managers over the next 12 months, and to boost its assets under management by US$500 million.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note