Sunday, 24 May 2015
Last updated 2 days 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.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…