Friday, 27 November 2015
Last updated 1 day ago
Apr 25 2014 | 12:33pm ET
Gottex Fund Management’s assets under management jumped 14% in the first quarter.
The Swiss fund of hedge funds manager said it now has US$8.6 billion under management, up from US$8.1 billion at the end of last year. Gottex credited most of the increase to inflows, noting particular strength in new advisory mandates.
The firm’s assets are set to grow even further, with approval by both its shareholders and those of EIM for the companies’ proposed merger. British authorities have also signed off on the deal, which now requires only Swiss regulatory approval.
Gottex also boasted positive returns in the quarter, CEO Joachim Gottschalk said.
“Volatile equity markets and a surprisingly strong bond performance characterized the investment markets for the first quarter,” he said. “Our hedge fund and alternative investments performed very well and we continue to anticipate increased allocation from institutional and retail investors into the alternative investment sector. In that light, we are pleased to see an increase in our asset base during the first quarter, predominantly through advisory mandates won in the APAC region.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…