Tuesday, 30 September 2014
Last updated 42 min ago
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.
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…
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