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

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note