Wednesday, 17 September 2014
Last updated 7 hours ago
Jul 25 2013 | 10:33am ET
Gottex Fund Management keeps doing its job, but investors don't seem to notice—or care.
The Swiss fund of hedge funds firm's products have done rather well this year, with its U.S. equity strategies up 16.2%, Asian strategies 7.9% and alternative credit strategies 4.2%. But investors continue to pull money from the firm, with net outflows and foreign exchange cutting the firm's assets under management by 6.5% to US$5.94 billion as of March 31.
Gottex said it expects to show a small operating loss in its interim 2013 results.
Still, the news was broadly good for Gottex, which closed its acquisition of Frontier Investment Management and launched a joint-venture with Australia's Zenith. Gottex also said it expects the second of its market-neutral products to reach its high-water mark in the third quarter, and that its hedge-fund workout service, Edex, has won a third-party mandate worth US$140 million.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The London Whale saga is a twist on the typical rogue trader story as the rogue trader recognized the error of his ways and was prepared to take his medicine but was instructed by superiors to “defe...