Gottex To Go Public

Oct 15 2007 | 12:37pm ET

Gottex Fund Management is the latest hedge fund firm on its way to market.

The US$13.3 billion Swiss fund of hedge funds shop is set to go public with a listing on the SWX Swiss Exchange. The firm plans to sell 30% of itself in the initial public offering, with past and current management retaining the remaining 70%.

The firm said no management departures are expected in the wake of the share sale. Management will invest half of the proceeds in its funds, and current managers will hold their shares for at least one year, and thereafter will sell only in stages over the following three years.

Morgan Stanley is the global coordinator of the IPO, and joins with Goldman Sachs and Credit Suisse as joint bookrunners. Citigroup has been named lead manager and co-bookrunner, with Swiss bank Zürcher Kantonalbank as co-manager.


In Depth

Steinbrugge: Will Hedge Funds Help or Hurt During the Next Market Correction?

Sep 7 2016 | 11:55pm ET

Most investors have become accustomed to quick rebounds when markets correct, but...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...