Gottex Gets Into Asian Seeding

Oct 8 2013 | 11:29am ET

Gottex Fund Management has set up a joint venture to seed Asian hedge funds.

The Swiss fund of hedge funds shop has joined forces with Hong Kong-based Headland Strategic. The new effort will begin seeding hedge funds next year.

Gottex and Headland, along with Value Partners co-founder V-Nee Yeh, will offer up to US$75 million to each hedge fund it backs, in an effort to have each debut with at least US$100 million. The commitment is large for Asia, where seed investments are typically around US$25 million.

The joint-venture will seed two or three new funds each year.

"The aim is for Headland Strategic to make fairly large day-one investments," Gottex co-founder Max Gottschalk told Reuters. "We want to help each fund launch with a minimum of US$100 million, a critical amount of capital for hedge funds to survive and grow in Asia."

Headland is lead by Blackstone Group veteran Michael Garrow and Goldman Sachs veteran Johannes Kaps.


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