Friday, 26 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.