Gottex Adds Frontier To Multi-Asset Biz.

Mar 20 2013 | 12:21pm ET

Swiss fund of hedge funds Gottex Fund Management has taken a majority stake in Frontier Investment Management.

Gottex will pay for the US$550 million firm with a combination of about 1.2 million Swiss francs in Gottex shares and further cash payments over the next two years, depending on Frontier's performance.

Frontier founder and CEO Michael Azlen will retain a "substantial" stake in his firm and will be named a senior executive in Gottex's multi-asset business, which Frontier joins, in addition to retaining his role as head of Frontier, which will see no changes to senior management or its investment team, and which will continue to offer its current product range. Azlen will also be charged with expanding Gottex's multi-asset business in Europe.

The deal requires regulatory approval.

"The combination of Gottex and Frontier establishes one of the leading alternatives-oriented multi-asset investment teams, which will allow us to offer our clients an enhanced range of investment solutions in this fast-growing area," Bill Landes, chief investment officer at US$7 billion Gottex, said.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…