Gottex Assets Down, Performance Up

Jul 23 2012 | 11:25am ET

Gottex Fund Management's assets dipped by just over 2% in the second quarter, even as its main strategies posted gains.

The Swiss fund of hedge funds shop said its fee-earning assets fell to US$7.41 billion in the three months to the end of June. Gottex blamed a combination of technical factors and foreign exchange for the decline, especially the euro's weakness.

Those losses were, however, offset by what Gottex called "exceptional performance" by its equity portable alpha and alternative credit strategies. The former added 11.2% and the latter 5.9%, while Gottex's core market neutral strategies returned about 2% on the quarter.

What's more, that has the flagship just 1.1% away from its high-water mark. Gottex said it expects to begin earning performance fees on that fund in the second half.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of